Announced
Completed
Financials
Sources
Tags
Majority
Cross Border
Germany
Online and Social Platforms
collaboration platform
Acquisition
Completed
Private
Friendly
Single Bidder
file sharing solutions
Synopsis
Kiteworks, a company that delivers data privacy and compliance for sensitive content communications through customer-enabled Private Content Networks, completed the merger with ownCloud, a provider of an open-source content collaboration platform, and DRACOON, a European company specialising in secure and compliance-compliant file sharing and collaboration. Financial terms were not disclosed. “We are excited to welcome DRACOON and ownCloud into the growing Kiteworks family. Our collective resources and expertise further strengthen our focus on championing data security and compliance through strategic deployment of Private Content Networks on a global scale. The three companies share a commitment to securing sensitive customer content without compromising user experience and productivity across sensitive content communication channels. Kiteworks’ commitment to data privacy remains strong with these mergers. As with DRACOON and ownCloud, Kiteworks has no ability to access customer keys or data and our core values of trust and privacy guide everything that we do,” Jonathan Yaron, Kiteworks Chairman and CEO.
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