HelpSystems Acquires Data Protection Firm Vera
HelpSystems, a Minneapolis, Minnesota-based software company, announced on Wednesday that it has acquired cloud-based data protection solution provider Vera for an undisclosed amount.
Vera offers a platform that enables developers to build encryption, tracking, policy enforcement, secure file transfer and access control into applications. The company also offers a solution designed to provide organizations with control over messages and files sent out via email by their employees.
“With robust policy enforcement, strong encryption, and strict access controls, Vera’s data-centric security solution enables employees to collaborate freely while ensuring a high level of security, visibility, and control,” the company explains.
HelpSystems has made several acquisitions in the security space in recent years, including the acquisition of the Core Security division of Irvine, Calif.-based SecureAuth in early 2019, along with the purchase of UK-based Clearswift in late 2019. It also acquired Boulder, Colorado-based Midrange Performance Group in 2018.
Founded in 1982, HelpSystems has more than 900 employees operating from 25 offices around the world. Private equity firm HGGC acquired a controlling stake in HelpSystems in 2018 in a deal that valued the company at more than $1.2 billion.