Security News > 2020 > December > HelpSystems Acquires Data Protection Firm Vera
HelpSystems, a Minneapolis, Minnesota-based software company, announced on Wednesday that it has acquired cloud-based data protection solution provider Vera for an undisclosed amount.
Vera offers a platform that enables developers to build encryption, tracking, policy enforcement, secure file transfer and access control into applications.
"With robust policy enforcement, strong encryption, and strict access controls, Vera's data-centric security solution enables employees to collaborate freely while ensuring a high level of security, visibility, and control," the company explains.
HelpSystems has made several acquisitions in the security space in recent years, including the acquisition of the Core Security division of Irvine, Calif.-based SecureAuth in early 2019, along with the purchase of UK-based Clearswift in late 2019.
Private equity firm HGGC acquired a controlling stake in HelpSystems in 2018 in a deal that valued the company at more than $1.2 billion.