GI Partners and TA   completed the acquisition of a majority stake in Egnyte.

GI Partners and TA, private equity firms,   completed the acquisition of a majority stake in Egnyte, a software company that sells cloud-based content security, compliance, and collaboration tools for businesses. Financial terms were not disclosed. “We are impressed by Egnyte’s commitment to providing users with leading security, governance, and compliance in their document management solutions. We look forward to supporting the company as it continues to provide excellent solutions for its customers," Travis Pearson, GI Partners, Managing Director.