Financial Advisor
DRACOON
M&A Advisory
Acquired
A Portfolio Company Of
Transaction Details
- On November 21, 2023, Kiteworks announced it entered into a definitive agreement to merge with DRACOON, accelerating its vision to deliver the most robust and easy-to-use platform for content security and compliance on a global scale.
- The combined human and technological resources will greatly advance data governance and controls for regulated industries in the DACH market by enabling zero-trust policy management for sensitive content communications on one platform.
About the company
DRACOON
Headquartered in Regensburg, Germany, 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. With industry-specific solutions and certifications like BSI C5, IPW PS 951, and ISO 27001, 27017, and 27018, DRACOON enables compliant file sharing, along with features like encrypted email and cloud drive integration.
Kiteworks
Headquartered in Silicon Valley, USA, Kiteworks protects over 35 million end users for over 3,800 global enterprises and government agencies. 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.
Sources: Company Materials.
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“Stephens” (the company brand name) is a leading family-owned investment firm that includes Stephens Inc. (member NYSE/SIPC), Stephens Investment Management Group, LLC, Stephens Insurance, LLC, Stephens Capital Partners LLC and Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024), which is authorised and regulated by the Financial Conduct Authority. © 2023 Stephens.
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