HelpSystems Acquires Vera to Broaden Data Security Portfolio

Mergers & Acquisitions | Technology

HelpSystems has announced the acquisition of Vera, a leading cloud-based data protection solution provider.

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Vera empowers customers in financial services, manufacturing, media & entertainment, and other industries to achieve the fine balance between strong security and productive collaboration by giving users the ability to secure, track, audit, and revoke data access at any time. HelpSystems is acquiring Vera to extend its data security portfolio and meet the increased demand for solutions that protect information throughout the full data lifecycle, from data classification and secure file transfer to data loss prevention and encryption.

Data is always on the move, not only within an organization, but also as it’s shared with customers, partners, and ever-growing remote workforces relying on both on-premises and cloud-based technology. This means the once-impenetrable corporate IT perimeter no longer exists, and managing sensitive files that contain valuable IP, financial data, or customer details requires a new way of thinking.

Vera solves this challenge by attaching military-grade encryption, access controls, security, and policy directly to data, giving companies granular control and audit capabilities over their information. It offers powerful risk mitigation for entities relying on the cloud to store sensitive IP such as products plans, manufacturing designs, financial strategies & results, and security operations audits.  It also covers data subject to regulation such as credit card numbers, social security numbers, and patient medical records.

Kate Bolseth, CEO, HelpSystems said: “The market for data security is evolving fast to require a comprehensive approach to discovery, detection, classification and dynamic encryption.

“Vera seamlessly integrates and expands HelpSystems data security solution offerings and we welcome the Vera employees and their expertise to the global HelpSystems family.”

Shri Dodani, President and CEO, Vera said: “I’m pleased Vera is joining a global company with a comprehensive set of solutions empowering customers to strengthen their approach to data security.

“Vera solutions extend HelpSystems’ existing data security portfolio meeting the needs of our combined customers and partners.  We have been working together at some of our largest customers and have proven the joint value proposition and look forward to expanding our go-to-market leveraging HelpSystems global footprint and resources.”

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