Accellion Ups Enterprise Content Firewall Game with $120M Round
April 8, 2020
secured a $120 million financing round led by Bregal Sagemount. The
Accellion enterprise content firewall protects the IP, PII, PHI, and
other sensitive content that companies share everyday with suppliers,
customers, and partners. By consolidating security across common 3rd
party communication channels, Accellion provides total visibility and
security, while simplifying IT infrastructure to reduce costs.
“We are very excited to bring on Sagemount as a strategic and financial
partner. Given their success investing in market-leading, high-growth
software companies, we believe they are the right partner to help us
create the enterprise content firewall category,” commented Jonathan
Yaron, Chief Executive Officer of Accellion. “Protecting data shared
with third parties is a major CISO challenge. Today’s IT infrastructure
has too many tools, too little governance, and produces zero visibility.
With this transaction, Accellion is well positioned to accelerate
acquisitions to further consolidate the sprawl of siloed applications
under the enterprise content firewall.”
are increasingly required to choose between security and functionality
when it comes to email encryption, secure file transfer, secure
collaboration, MFT, and other communications with the outside world. The
unique Accellion content firewall platform provides the best of both
worlds,” said Michael Kosty, Founder and Partner at Bregal Sagemount.
“Accellion’s market positioning has allowed it to build a unique suite
of technology solutions to help companies maintain high levels of
security across a rapidly evolving landscape.”
Sagemount’s investment was led by Michael Kosty, William Breskman, and
Daniel Eatroff. Pillsbury Winthrop Shaw Pittman provided legal counsel
to Accellion. Goodwin Procter provided legal counsel to Bregal Sagemount.