What are you looking for ?
Advertise with us
RAIDON

Majority Investment at Egnyte From GI Partners and TA  

To support company's next phase of growth and accelerate innovation through continued investment in R&D

Egnyte, Inc. announced a strategic growth investment from leading investment firms GI Partners (‘GI’) and TA Associates (‘TA’).

Majority Investment At Egnyte From Gi Partners And Ta

This partnership will infuse Egnyte with the capital and expertise needed to expand its global market presence and accelerate innovation through continued investment in R&D. The company’s founders, management team, and existing investors – including funds and accounts managed by Springcoast, GV, Polaris, and Kleiner Perkins-will retain significant ownership in Egnyte.

Established in 2008, Egnyte provides businesses with cloud-based content intelligence, governance, and collaboration tools through a unified intelligent content platform. The company’s solutions integrate AI, file storage, content sharing, and data security, empowering more than 22,000 enterprise customers globally to manage their IT operations across the cloud and on-premises. Committed to innovation, Egnyte continuously invests in new technologies to further enhance employee productivity, automate business processes, and strengthen critical data safeguards, ensuring high customer privacy and workflow efficiency.

This is a significant milestone in Egnyte’s journey and opens exciting new avenues for Egnyters, our customers, and channel partners,” said Vineet Jain, CEO and co-founder, Egnyte. “The investment and expertise that GI and TA bring will help us accelerate our ability to bring innovative new products and solutions to our existing and future customers as well as deliver accelerated growth and expansion into additional vertical industries and international markets.

We are impressed by Egnytes commitment to providing users with leading security, governance, and compliance in their document management solutions. We look forward to supporting the company as it continues to provide excellent solutions for its customers,” said Travis Pearson, MD, GI Partners.

We are excited to fuel growth at Egnyte, especially through AI-driven product innovation and targeted vertical workflows. Having been a longtime Egnyte customer, we are thrilled to partner with the company in its next phase of growth,” added Sendil Rajendran, MD, GI Partners.

Egnyte has established itself as a trusted leader in secure content management, delivering cutting-edge governance tools, advanced file caching and intuitive controls. As businesses increasingly adopt AI-driven workflows and navigate evolving data regulations, we believe Egnyte is well-positioned to scale and meet growing demand,” said Jason Werlin, MD, TA.

We look forward to collaborating with Vineet, the Egnyte team and GI to further accelerate the company’s next phase of growth,” added Ashu Agrawal, MD, TA.

Financial terms of the transaction were not disclosed.

Qatalyst Partners served as financial advisor, and Cooley LLP as legal counsel to Egnyte. Ropes & Gray LLP served as legal counsel to GI Partners and TA.

Read also :
Articles_bottom
ExaGrid
AIC
ATTO
OPEN-E