Vaultize Raises Venture Capital Funding from Tata Capital Innovations Fund

PUNE, India and LONDON, July 11, 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.

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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 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. 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 is a venture capital fund managed by Tata Capital that focuses predominantly on technology led innovations which represent breakthrough in technology.

About Vaultize

Vaultize is a privately held company headquartered in Pune, India. It provides a unified platform to help enterprises mitigate data loss, security and compliance risks with business critical data. Vaultize's patent pending encryption technology used in access, sharing and backup ensures complete end-to-end protection.

For further information, contact [email protected], India: +91-20-2025-0958, US: +1-650-319-7382

SOURCE Vaultize

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