Cloud player Accellion sets sights on international expansion


Cloud player Accellion sets sights on international expansion

Simon Quicke

Mobile file sharing specialist Accellion is looking to strengthen its expansion out of the US after securing a multi-million dollar investment.

The vendor has listed its priorities as ploughing money into product development, pursuing strategic partnerships as well as growing its international operations after being given $12m in a third round of expansion funding from Riverwood Capital.

With its products operating in the cloud the vendor already has a strong customer base in the US with government and enterprise clients.

"The adoption of iPads and the resultant use of unmanaged 'dropbox-type' applications are creating real security and compliance issues for organizations.  Smart companies, proactively meeting the challenge and looking for a solution for secure, mobile access to enterprise content, are fueling our rapid growth," said Yorgen Edholm, CEO of Accellion.

"We are pleased to partner with Riverwood to help us take full advantage of these market conditions," he added.

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