Information Management Innovator Archive360 Announces Strategic Investment from Leeds Equity Partners, Plans for Accelerated Expansion
Growth investment further validates Archive360’s core business strategy and market success and will enhance goal of helping companies balance data cloud migration and management with security, regulatory, legal and business intelligence obligations across new markets
Archive360, the archiving and information management platform trusted by enterprises and government agencies worldwide, today announced a strategic investment from Leeds Equity Partners, a sector focused private equity firm dedicated exclusively to partnering with management teams in the information and knowledge industries. The investment represents the latest milestone for Archive360, the industry-leading innovator in Enterprise Information Archiving, a discipline that has gained even greater urgency in a business environment defined by remote access to cloud-based storage and services. It follows a period of stellar growth for the company including a series of enterprise customer wins worldwide in multiple industries, increased recognition from industry analysts and an exponential increase in recurring revenue.
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“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,” said Robert DeSteno, co-founder and CEO of Archive360. “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.”
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Leeds Equity seeks to invest in leading companies in the information and knowledge management sectors, where the firm can partner with management to drive innovation, enhance business growth and generate best-in-class customer outcomes. 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.
“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,” said Jacques Galante, Partner at Leeds Equity. “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.”
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