Cryptzone, a Waltham, Mass-based provider of application and content security solutions, announced this week that it has closed a $15 million Series B round of funding.
The company offers a number of security solutions including a security gateway to help prevent unauthorized access, an encryption and content protection solution for SharePoint, Office 365 and File Shares, and other encryption solutions designed to protect data in email, removable storage, files and folders. The company also offers a content compliance solution that provides content governance for public or internal (Intranet) websites.
According to Cryptzone, the funding will be used for general purposes to help fuel its expansion.
“This funding round will allow Cryptzone to continue our accelerated revenue growth through cutting-edge development of our AppGate platform, drive global expansion through our sales and partner distribution channels, and continue to build awareness around how Cryptzone uniquely and disruptively mitigates the threats that lead to security breaches,” Kurt Mueffelmann, President and CEO of Cryptzone, said in a statement.
In September 2015, Cryptzone announced that it had acquired HiSoftware, a provider of governance, compliance and security solutions, which have since been integrated into Cryptzone’s existing product set.
The Series B funding round was led by Kayne Partners, the growth private equity group of investment firm Kayne Anderson Capital Advisors. Nishita Cummings, Managing Director at Kayne Partners, will join the Cryptzone board as part of the deal. Additionally, existing investor Medina Capital and a number of its limited partners participated in the round, the company said.
