The funding will help eperi support its accelerated go-to-market strategy, further its expansion initiatives and deliver scalable cloud data protection solutions to its growing portfolio of enterprise customers via its flagship product, the eperi Gateway.
eperi Gateway is a market leading encryption gateway solution that encrypts data in databases, cloud applications and files prior to being processed. This includes data in Salesforce or database software like Microsoft SQL Server, DB2, and Oracle. It also allows companies using Office 365 to encrypt email, tasks, calendar and files for SharePoint and OneDrive before they are stored and processed outside of the company and in the cloud. With a rising number of decentralized cloud products in all areas of enterprise IT, the eperi Gateway is a flexible, secure data privacy solution and an easy way for companies to comply with the strictest data privacy laws.
According to Gartner, in the next years “25 % of enterprises will secure access to cloud-based services using a CASB or similar platform, up from less than 1 % in 2012”. This leaves significant growth potential in the IT security market beyond 2016 and particularly in markets like Europe, where accelerated growth is expected due to new, stricter data privacy regulations taking effect in the coming years. eperi is positioned well to benefit from these developments with a product that is tailored to the needs of enterprises in these geographies.
“eperi has already established itself as a leader in the data security space with its business growing rapidly and its technology at the forefront. Evolution is pleased to partner with eperi at an inflection point where the company has already achieved so much through organic growth and is poised to accelerate further”, said Dennis Smith, Managing Partner at Evolution. “Encryption gateways address a critical CISO requirement to set policy, ensure compliance and manage risk across the entire set of enterprise cloud services being consumed. The eperi Gateway has been selected by large and medium size enterprises in the US and EMEA as the go-to solution and we welcome eperi to our portfolio of leading cyber security companies” Smith added.
“Over the last years eperi has shown that it has all the essential ingredients to become the leading European manufacturer of cloud-based encryption software. I am extremely satisfied that eperi with its strong products, the experienced team and its clear unique selling propositions could attract such a reputable investor such as Evolution Equity Partners. It goes without saying that we will keep supporting eperi as well”, adds Stephan Knobloch, b-to-v Partners acting lead investor.
“We are honored to have secured this investment from Evolution Equity Partners and b-to-v Partners. We look forward to working together with both teams in building eperi going forward” said founder Elmar Eperiesi-Beck, CEO and Founder of eperi. “The depth of experience, network and track-record that our partners brings to the table further strengthens our position in the market”, added Eperiesi-Beck.
Originally published at eperi.com on February 10, 2017.