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California-based Kiteworks Agreement to Merge with Uk-based Dracoon

Nov 24, 2023 | By Startup Rise EU

California-based Kiteworks Agreement to Merge with Uk-based Dracoon leader in secure and compliant file sharing and collaboration.

California-based Kiteworks Agreement to Merge with Uk-based Dracoon leader in secure and compliant file sharing and collaboration.

The deal's total value was not made public. With this acquisition, Kiteworks deepens its commitment to the market and moves towards realising its goal to offer a global platform for content security and compliance.

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Jonathan Yaron, Chairman and CEO at Kiteworks said, “We are excited to welcome DRACOON 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 , Kiteworks has no ability to access customer keys or data and our core values of trust and privacy guide everything that we do.”

Dracoon offers secure file sharing and collaboration services to over 500,000 users worldwide, including prominent enterprises in various areas such as transportation, finance, healthcare, and more. The business is led by Managing Directors Dr. Björn Momsen and Marc Schieder.

In addition to capabilities like encrypted email and cloud drive integration, Dracoon facilitates effective and compliant file sharing. The following investors supported the company: AVG Vermögensverwaltung, die Bayerische Beteiligungsgesellschaft (BayBG), WENVEST Capital, Experium, Round2 Capital, and P+W Media.

Read also - Madrid-based Cüimo Secures €900k in Funding

Under the leadership of Chairman and CEO Jonathan Yaron, Kiteworks offers its clients a Private Content Network that offers content protection, governance, and #compliance.

Dr. Björn Momsen, Managing Director, DRACOON said, “Together with Kiteworks, we enhance our comprehensive and reliable data security solutions for our customers, Marc Schieder, Managing Director at DRACOON, concurred with Momsen, Kiteworks’ commitment to national and international security standards aligns perfectly with our focus and that of our customers. We are excited about the opportunities this union brings.”

Sensitive content entering, leaving, and being tracked by the platform is unified, tracked, controlled, and secured, greatly enhancing risk management and guaranteeing regulatory compliance on all conversations involving sensitive content.

About Kiteworks 

Kiteworks’ mission is to empower organizations to effectively manage risk in every send, share, receive, and save of sensitive content. The Kiteworks platform provides customers with a Private Content Network that delivers content governance, compliance, and protection.

Read also -  Milan-based Planet Farms Secures $40 Million in Funding

About DRACOON

DRACOON provides secure file sharing and collaboration services to over 500,000 users worldwide, including major companies across industries like transportation, finance, healthcare, and more.

Read also -  London-based Fintech Startup Crezco Secures €11 Million in Series A Round Funding

With industry-specific solutions and certifications like BSI C5, IPW PS 951, and ISO 27001, 27017, and 27018 that meet the highest security standards, DRACOON enables efficient and compliant file sharing, along with features like encrypted email and cloud drive integration.

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