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Last updated on April 17, 2014 at 21:23 EDT

Vaultize Raises Venture Capital Funding from Tata Capital Innovations Fund

July 10, 2013

PUNE, India and MOUNTAIN VIEW, California, July 10, 2013 /PRNewswire/ –

Enterprise file sharing and sync (EFSS) and mobility vendor Vaultize (
http://www.vaultize.com) today announced that Tata Capital Innovations Fund has
invested in the company. The funding will help the company scale up its go-to-market
strategy, including expansion across the world, with immediate plans to establish
operations in the US and Europe in conjunction with channel partners. The company will
also use the funds towards building its best of breed sales, marketing and engineering
teams, and to enhance its global partner program.

(Logo:
http://photos.prnewswire.com/prnh/20130710/626741 )

As enterprises across the world are impacted by data loss, security and compliance
risks, because of proliferation of consumer file sharing and Bring-Your-Own-Device (BYOD)
trends, they look for secure and enterprise-controlled solutions. Vaultize has been
generating significant interest among medium and large enterprises across verticals in
this space. Vaultize provides a secure enterprise-grade platform for file sharing,
endpoint protection through backup and encryption, Google Apps backup and enterprise
mobility.

“Data security and privacy are currently the key concerns of any organization’s IT
team. Use of consumer cloud services, workforce mobility and the trend of BYOD are likely
to increase the concerns even further. Vaultize comes at the right time to address these
pain points. Led by experienced professionals and domain experts, Vaultize is poised to
capture a significant share of the market,” said Mohan Harshey, Partner – Private Equity,
Tata Capital.

“Funding from Tata Capital Innovations Fund is a testimony of the tremendous market
opportunity, our unique market position and the successes we have been having in this
market. We are honored to welcome Mr. Mohan Harshey and Mr. Vineet Chadha to our board,”
Anand Kekre, CEO and Co-founder of Vaultize said. “Vaultize has received significant
market traction attributed to its focus on security and control requirements of enterprise
IT. Bolstered by the funding, we continue to expand our existing teams, our product
portfolio and begin to build a strong presence in the US and Europe through partner
network.”

About Tata Capital Innovations Fund

Tata Capital Innovations Fund [http://www.tatacapital.com/PrivateEquity/OurFunds.htm ]
is a venture capital fund managed by Tata Capital [http://www.tatacapital.com ] that
focuses predominantly on technology led innovations which represent breakthrough,
fundamental or incremental change in technology or process. It is a sector agnostic fund
and can invest across all stages viz. start-up, early and growth.

About Vaultize

Vaultize is a privately held company headquartered in Pune, India. Cloud-based file
sharing and sync services have revolutionized the way people access and share information.
People are freely using these services even for their official work, and hence sensitive
corporate data is now residing in third-party clouds without the knowledge and control of
IT – posing significant data loss, security and compliance risks. Vaultize comes to your
rescue by giving a unified platform for file sharing, sync, endpoint backup, endpoint
encryption, anywhere/anytime access to data on corporate file servers and enterprise
mobility- everything with complete enterprise control and visibility.

Through Vaultize’s endpoint encryption, sensitive corporate information remains
encrypted on endpoints ensuring protection against unauthorized access and potential data
leakage from lost or stolen device. In addition to on-disk protection, Vaultize’s patent
pending encryption technology used in file sharing and backup ensures that the data is
encrypted or decrypted only on endpoints – guaranteeing end-to-end protection.

        For further information, contact:
        press@vaultize.com
        India: +91-20-2025-0958
        US: +1-650-319-7382


    Photo: 

http://photos.prnewswire.com/prnh/20130710/626741

SOURCE Vaultize


Source: PR Newswire