HelpSystems Buys Vera to Broaden Data Security Portfolio

HelpSystems is acquiring Vera to expand its data security portfolio as well as meet the increased demand for solutions that protect information throughout the full data lifecycle, from data classification as well as secure file transfer to data loss encryption and prevention.

FREMONT, CA: HelpSystems has declared the acquisition of Vera, a leading cloud-based data protection solution provider. Vera empowers customers in manufacturing, financial services, media & entertainment, and other industries to achieve the fine balance between strong security and productive collaboration by giving users the capability of securing, tracking, auditing, and revoking data access at any time. HelpSystems is acquiring Vera to expand its data security portfolio as well as meet the increased demand for solutions that protect information throughout the full data lifecycle, from data classification as well as secure file transfer to data loss encryption and prevention.

Data is always moving, within an organization, and as it's shared with partners, customers, 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 financial data, valuable IP, or customer details requires a new way of thinking.

"The market for data security is evolving fast to require a comprehensive approach to discovery, detection, classification and dynamic encryption," stated Kate Bolseth, CEO, HelpSystems. "Vera seamlessly integrates and expands HelpSystems data security solution offerings and we welcome the Vera employees and their expertise to the global HelpSystems family."

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