.
MergerLinks Header Logo

New Deal


Announced

Completed

Kiteworks completed the merger with ownCloud and DRACOON.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Cross Border

Germany

Online and Social Platforms

collaboration platform

Acquisition

Completed

Private

Friendly

Single Bidder

file sharing solutions

Synopsis

Edit

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.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US