Minnesota-based IT management and software powerhouse HelpSystems expanded its year-long cybersecurity shopping spree with a new deal to acquire data loss prevention specialists Digital Guardian.
Financial terms of the acquisition were not released.
Digital Guardian is a late-stage Massachusetts-based startup that raised $173 million over multiple venture capital funding rounds. The company has gained traction in large and mid-sized organizations looking for DLP tools to protect sensitive data and corporate assets.
Digital Guardian also provides a managed service that operates as an extension of an enterprise security team to protect sensitive data from threats originating inside and outside the organization.
[ READ: Inside the Battle to Control Enterprise Security Data Lakes ]
HelpSystems said that Digital Guardian’s technology will plug right into a data security portfolio that swelled in 2021 through multiple acquisitions of prominent cybersecurity startups.
Just this year, HelpSystems acquired Agari (email security), Beyond Security (vulnerability management), Vera (data security and control), PhishLabs (email security) and Digital Defense (network security).
“In addition to extending HelpSystems’ DLP capability, this acquisition further improves the company’s ability to categorize, or classify, data and protect it across a wide set of applications and operating systems,” HelpSystems said in a statement announcing the latest purchase.
HelpSystems is owned by private equity firms HGGC, TA Associates, Charlesbank Capital Partners, and Harvest Partners.
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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
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