Albion Ventures Invests in Market-Leading Cloud Services Provider Egress Software Technologies
Summary
In 2013, Switch was confirmed as the first, and currently only, email encryption product to be certified by UK Government (CESG), making it suitable for sharing highly sensitive data over the internet, without the need to manage external third party credentials.“Egress’s first class senior management team has a proven track record in successfully growing businesses in the information security industry, and we look forward to working closely with this highly energised and innovative team.” Tony Pepper, Chief Executive Officer and Co-founder of Egress, states: “We are delighted to be able to partner with such an experienced investor as Albion Ventures.The Trust Network has grown virally by over 200% to more than one million members in the last 12 months.In 2013, Switch was confirmed as the first, and currently only, email encryption product to be certified by UK Government (CESG), making it suitable for sharing highly sensitive data over the internet, without the need to manage external third party credentials.Ed Lascelles, Partner at Albion Ventures, comments: “We are delighted to be supporting Egress as it enters such an exciting stage in its growth.Egress fits well with the profile of technology investment that Albion seeks: the business is growing rapidly and has developed a leading position in a fast-growing, dynamic market.“Egress’s first class senior management team has a proven track record in successfully growing businesses in the information security industry, and we look forward to working closely with this highly energised and innovative team.”Tony Pepper, Chief Executive Officer and Co-founder of Egress, states: “We are delighted to be able to partner with such an experienced investor as Albion Ventures.Their depth of knowledge and understanding of the technology market and their experience supporting organisations similar to ours grow and meet their strategic targets make them an invaluable partner.“The next two years are crucial in the growth and long-term success of Egress, and working closely with the experienced team at Albion, we are well-placed to seize on the potential and market opportunity now in front of us.”For further enquiries please contact:Daniel Hoy, UK Marketing Manager, Egress Software Technologiesdaniel.hoy@egress.com+44 (0) 207 624 8500OrPatrick Evans / David Sells (for Albion Ventures)patrick.evans@citigatedr.co.uk / david.sells@citigatedr.co.uk +44 (0)20 7638 9571About Egress Software TechnologiesEgress Software Technologies is a leading provider of email and file encryption services, offering innovative on-demand data security to enable businesses to share confidential information with third parties.Leveraging a unique combination of on-premise and hosted cloud infrastructure, patented key management delivers real-time follow the data control to ensure that only authorised recipients access confidential information.
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