Delta Partners Emerging Markets TMT Growth Fund II investing $10 million into CipherCloud
T: +1 408 520 4937
T: +1 408 520 4937
DUBAI, UAE, 19 Nov 2014 – Delta Partners Capital Limited (“Delta Partners Capital”) announced today that a definitive agreement has been signed for an investment of $10 million by Delta Partners Emerging Markets TMT Growth Fund II L.P. (the “Fund”) into CipherCloud Inc. (“CipherCloud”), the global leader in cloud information protection.
CipherCloud, which was founded and has a development center and significant presence in Hyderabad, India, enables organizations to securely adopt cloud applications by overcoming data privacy, residency, security, and regulatory compliance risks. CipherCloud’s open platform provides comprehensive cloud application discovery and risk assessment, data protection – searchable strong encryption, tokenization, data loss prevention, key management and malware detection – and extensive user activity and anomaly monitoring services. CipherCloud has over 3.0 million business users across 11 industries, and works with marquee financial services, healthcare, telecommunication and government agency customers around the globe.
Delta Partners Capital, based in Dubai, is the investment arm of Delta Partners Group Limited (“DPG”), the leading emerging markets-focused telecoms, media, and digital advisory and investment firm. Delta Partners has over 200 employees operating from Barcelona, Bogota, Dubai, Johannesburg, Singapore and Redwood City. Delta Capital invests in growth capital opportunities in the TMD sector across Africa, Central & Eastern Europe, the Middle East, and South-East Asia.
Kristoff Puelinckx, Group Co-Managing Director of DPG, said: “CipherCloud has established a global leadership position right at the intersection of two of the most interesting trends that we are seeing, namely the continued migration of businesses to cloud services, and the need for greater data protection required by both regulators and customers. We look forward to actively supporting the management team at CipherCloud in the company’s continued growth and development.”
Pravin Kothari, Founder, Chairman and CEO of CipherCloud, commented: “Having an investor with the TMD industry expertise and broad geographic presence of Delta Partners is of clear benefit to CipherCloud as we expand into new markets. We look forward to working closely with Delta Partners as active shareholders in order to capture the significant opportunity for growth that exists globally in the cloud security space.”
Transaction terms were not disclosed. The Fund’s capital will be used to fund the further growth and international expansion of CipherCloud.
About Delta Partners
Delta Partners is the leading Advisory and Investment firm specialized in Telecoms, Media and Digital with offices in the Middle East, Africa, Europe, Asia, Latin America and the United States of America. We partner with global and regional telecom providers, digital players, other TMD clients and investors to help them address their most challenging strategic issues.
Our unique combination of Management Consulting, Corporate Finance and Private Equity creates unparalleled value for our clients, investors and business partners.
Delta Partners Corporate Finance Limited and Delta Partners Capital Limited are members of the Delta Partners Group of companies and are authorised and regulated by the DFSA. For more information, please visit www.deltapartnersgroup.com and follow us on Twitter @Delta_Partners
CipherCloud, the leader in cloud visibility and data protection, delivers cloud adoption acceleration while ensuring security, compliance and control. CipherCloud’s open platform provides comprehensive cloud application discovery and risk assessment, data protection – strong encryption, tokenization, data loss prevention, key management and malware detection – and extensive user activity and anomaly monitoring services.
CipherCloud has experienced exceptional growth and success with millions of business users, across 26 countries, and in more than 11 industries.
The CipherCloud product portfolio protects popular cloud applications out-of-the-box such as Salesforce, Box, Microsoft Office 365, and ServiceNow.
CipherCloud, named as SC Magazine’s 2013 Best Product of the Year, technology is FIPS 140-2 validated and is backed by premier venture capital firms Andreessen Horowitz, Index Ventures, and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.
© 2017 Delta Partners.