Delta Partners Capital invests in CipherCloud
Dubai-based investment company takes stake in cloud security specialist
Dubai-based Delta Partners Capital has made a $10m investment in cloud information protection specialist CipherCloud.
CipherCloud, which was founded and has a development centre and significant presence in Hyderabad, India, enables organisations to securely adopt cloud applications by overcoming data privacy, residency, security, and regulatory compliance risks. CipherCloud's open platform provides comprehensive cloud application discovery and risk assessment, data protection - searchable strong encryption, tokenisation, data loss prevention, key management and malware detection - and extensive user activity and anomaly monitoring services.
CipherCloud has over 3.0 million business users across 11 industries, and works with marquee financial services, healthcare, telecommunication and government agency customers around the globe.
Kristoff Puelinckx, group co-managing director of DPG, said: "CipherCloud has established a global leadership position right at the intersection of two of the most interesting trends that we are seeing, namely the continued migration of businesses to cloud services, and the need for greater data protection required by both regulators and customers. We look forward to actively supporting the management team at CipherCloud in the company's continued growth and development."
Pravin Kothari, founder, chairman and CEO of CipherCloud, commented: "Having an investor with the TMD industry expertise and broad geographic presence of Delta Partners is of clear benefit to CipherCloud as we expand into new markets. We look forward to working closely with Delta Partners as active shareholders in order to capture the significant opportunity for growth that exists globally in the cloud security space."
Transaction terms were not disclosed. The Fund's capital will be used to fund the further growth and international expansion of CipherCloud.