California based Kiteworks Agreement to Merge with Germany-based ownCloud

The entire amount of the deal was not disclosed. OwnCloud, led by CEO and Managing Director Tobias Gerlinger, creates and provides open-source software for content sharing. Teams can use this software to exchange files and provide comments on them from any device, anywhere.

Read also -  Eindhoven-based CityLegends Secures €1Million in Seed Funding

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

More than 200 million users worldwide select greater digital sovereignty, security, and data protection by selecting ownCloud over public clouds. General Catalyst Partners was one of the companies that supported the enterprise.

Kiteworks' dedication to enabling secure file and email exchange of information across a PCN, enabling businesses to securely connect with partners, customers, and workers, has taken a major turn with the ownCloud acquisitions.

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

OwnCloud partners and customers will soon have the opportunity to take use of Kiteworks' expanded security and compliance features.

Tobias Gerlinger, CEO and Managing Director at ownCloud said, “Kiteworks is the ideal partner to realize our long-term vision of providing real-time content sharing and collaboration at scale and deliver enterprise-grade solutions, We share an unwavering passion to enable organizations to seamlessly share and work on sensitive content regardless of device or location—while in compliance with regulations and data sovereignty requirements. The importance of ownCloud’s open source in the enterprise and public-sector markets is embraced by both organizations.”

Data governance and controls will advance when regulated sectors in the DACH market are able to accomplish zero-trust policy management for sensitive content communications on a single platform thanks to the combined technological and human resources of the two organisations.

Users can access a Private Content Network with content control, compliance, and protection using the Kiteworks platform. Jonathan Yaron is the platform's CEO and chairman.

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

The technology unifies, tracks, controls, and secures sensitive content as it enters and exits, significantly improving risk management and ensuring regulatory compliance on all discussions 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.

About ownCloud

ownCloud develops and provides open-source software for content collaboration, allowing teams to easily share and work on files seamlessly regardless of device or location. More than 200 million users worldwide use ownCloud as an alternative to public clouds—and thereby opt for more digital sovereignty, security, and data protection.

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