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Accellion Secures $120 Million in Financing Led By Bregal Sagemount to Accelerate Adoption of the Enterprise Content Firewall

Date: April 07, 2020
Category: Portfolio news
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Company Delivers Consolidated Solution to Secure 3rd Party Communications Across Email, File Sharing, Enterprise Apps, Web Forms, SFTP, MFT, and Mobile

Accellion, Inc., provider of the enterprise content firewall that consolidates, controls, and secures sensitive third party communications, today announced a $120 million financing round led by Bregal Sagemount. Baring Private Equity, having led previous rounds, will retain a significant stake in the business.

The Accellion enterprise content firewall protects the IP, PII, PHI, and other sensitive content that companies share everyday with suppliers, customers, and partners. By consolidating security across common 3rd party communication channels, Accellion provides total visibility and security, while simplifying IT infrastructure to reduce costs.w2

"We are very excited to bring on Sagemount as a strategic and financial partner. Given their success investing in market-leading, high-growth software companies, we believe they are the right partner to help us create the enterprise content firewall category. Protecting data shared with third parties is a major CISO challenge. Today’s IT infrastructure has too many tools, too little governance, and produces zero visibility. With Sagemount and Baring, Accellion is well positioned to accelerate acquisitions to further consolidate the sprawl of siloed applications under the enterprise content firewall."

Jonathan Yaron

Chief Executive Officer - Accellion

"Companies are increasingly required to choose between security and functionality when it comes to email encryption, secure file transfer, secure collaboration, MFT, and other communications with the outside world. The unique Accellion content firewall platform provides the best of both worlds. Accellion’s market positioning has allowed it to build a unique suite of technology solutions to help companies maintain high levels of security across a rapidly evolving landscape."

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Michael Kosty

Founder and Partner - Bregal Sagemount

Sagemount’s investment was led by Michael Kosty, William Breskman, and Daniel Eatroff. Pillsbury Winthrop Shaw Pittman provided legal counsel to Accellion. Goodwin Procter provided legal counsel to Bregal Sagemount.

About Accellion

The Accellion enterprise content firewall prevents data breaches and compliance violations from sensitive third party communications. With Accellion, CIOs and CISOs gain complete visibility, compliance and control over IP, PII, PHI, and other sensitive content across all third-party communication channels, providing secure email, secure file sharing, secure mobile file sharing, enterprise app and Microsoft Office plugins, secure web forms, secure file transfer like SFTP, and enterprise workflow automation. Accellion has protected more than 25 million end users at more than 3,000 global corporations and government agencies, including NYC Health + Hospitals; KPMG; Kaiser Permanente; Latham & Watkins; National Park Service; Umpqua Bank; Tyler Technologies; and the National Institute for Standards and Technology (NIST). For more information please visit www.accellion.com or call (650) 485-4300. Follow Accellion on: LinkedIn, Twitter, and Accellion’s Blog.

Accellion
About Bregal Sagemount

Bregal Sagemount is a growth-focused private capital firm with $3.5 billion of committed capital. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $40 million to $200 million per transaction into targeted sectors including software, digital infrastructure, healthcare IT / services, business and consumer services, and financial technology / specialty finance. For more information, please visit www.sagemount.com.

Bregal Sagemount
Media Contacts:

Rob Dougherty
(650) 687-3163
robert.dougherty@accellion.com

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