Private Equity Firm Invests In Microsoft Azure Partner Archive360
Archiving and information management platform company Archive360 has received a strategic investment from New York-based private equity firm Leeds Equity Partners. The actual investment figure was not disclosed.
Leeds Equity primarily invests in companies in the information and knowledge management sectors. This is Leeds Equity’s fourth investment for the firm’s latest fund and its fifth investment within the legal and governance, risk and compliance sectors.
Archive360’s Azure Business
Archive360 is a Microsoft Cloud Solution Provider and the company provides a number of solutions that take advantage of the Microsoft Azure platform.
The company has been increasing its Azure offerings since at least 2017 when it updated its FastCollect for SharePoint data migration platform; adding support for the Azure storage tier, and introducing support for Azure’s cognitive and media services. Archive360’s current Archive2Azure solution is Microsoft Azure Certified.
The investment will enable Archive360 to expand its global footprint, accelerate product innovation, and continue to fulfill the expanding requirements of its customers across regulatory, data security, compliance, legal, and business intelligence use cases, according to the company.
Leeds Equity Partners Invests In Archive360
Robert DeSteno, co-founder and CEO of Archive360, commented:
“The continuing global pandemic and growing cybersecurity risks have forever changed organizational attitudes toward information governance and security. The new normal demands innovative solutions that leverage advances in AI/ML and can balance high-scale cloud-based information management with up-to-date compliance, best-in-class security and enhanced business intelligence capabilities. We are excited to work with the team from Leeds Equity Partners to accelerate our innovation, drive growth and increase the value and opportunities we can deliver for our customers and partners worldwide.”
Jacques Galante, partner at Leeds Equity, said:
“The proliferation of data, increasing regulation, and growing cybersecurity risks are challenging corporations to manage their information assets compliantly, securely and cost-effectively, driving a heightened focus on information management solutions. Archive360 has developed a unique enterprise-grade, cloud-native solution that addresses the evolving information governance requirements of leading global organizations, setting it apart from other industry participants that have not kept pace with developing trends.”
Tibi Popp, chief technology officer, Archive360, added:
“Partnering with Leeds Equity is a major milestone for Archive360 as we look to accelerate our investment in innovation and growth to unlock new opportunities and transform the enterprise information management sector. We chose to partner with Leeds Equity given their partnership philosophy and extensive domain expertise within the information governance industry.”
Kevin Malone, principal at Leeds Equity, said:
“The Archive360 team’s relentless focus on innovation and customer success has created a strong foundation for continued growth. Archive360 is extremely well-positioned to capitalize on the strong market opportunity given its innovative software platform, and we are excited to embark on the next chapter of growth with Bob, Tibi, and the entire Archive360 team.”
Dinan & Company, LLC served as financial advisor and Proskauer Rose LLP provided legal counsel to Archive360. Reed Smith LLP served as legal counsel to Leeds Equity Partners.