Secure content communications leader Kiteworks announced a $456 million growth equity investment from Insight Partners and Sixth Street Growth. This funding (a partial liquidity event) will strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorized by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.
The new funding comes as organizations face an expanding cybersecurity risk due to complex third-party ecosystems and an increasingly stringent compliance landscape. And cybercriminals are targeting sensitive content in growing numbers, with supply chains offering significant opportunities for malicious actors. Meanwhile, compliance regulations such as CMMC, NIS 2, and HIPAA demand robust data protection measures.
Kiteworks delivered outstanding financial performance, combining Rule of 50-level organic growth with a proven M&A strategy and execution. This performance makes Kiteworks a market leader in the PCN space and one of the most successful technology companies in the industry.
The Kiteworks PCN tackles organizations’ critical cybersecurity challenges worldwide by unifying the primary content communication channels of file share, file transfer, managed file transfer, email, APIs, and web forms into a dedicated secure platform.
Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street will join the Kiteworks board of directors.
Moelis & Company has acted as Kiteworks’ exclusive financial advisor. Pillsbury Winthrop Shaw Pittman provided legal advisory services to Kiteworks. Paul Hastings acted as legal counsel to Sixth Street Growth on the investment. Willkie Farr & Gallagher acted as legal counsel to Insight Partners.
KEY QUOTES:
“This minority stake investment affirms Kiteworks’ role in providing a revolutionary solution to the world’s growing challenge of tracking and controlling sensitive data in motion and use. With recent groundbreaking innovations such as Next-Gen Digital Rights Management, combined with the growing industry and regulatory focus on tracking and controlling the data layer, the road to realizing our vision has never been clearer. We’re excited to accelerate our growth and continue innovating to meet the evolving needs of our customers with the support of Insight Partners and Sixth Street Growth.”
- Jonathan Yaron, CEO and Chairman of Kiteworks
“We were immediately impressed by Kiteworks’ exceptional growth and innovative approach to securing content communications. In today’s complex digital landscape, Kiteworks addresses a critical market need and stands out as a leader in providing effective solutions that significantly improve risk management. We’re excited to partner with the Kiteworks team as they continue to help shape the future of cybersecurity.”
- Eoin Duane, Managing Director at Insight Partners
“Jonathan and the Kiteworks team are proven innovators and have architected a platform which is purpose built to meet the challenges of the most secure and compliance-sensitive organizations. We’re excited to support their continued success and help Kiteworks capitalize on the significant market opportunities ahead.”
• ⁃ Alex Katz, Managing Director at Sixth Street Growth
