MINNEAPOLIS (DECEMBER 23, 2020)—Fortra announced today the acquisition of Vera, a leading cloud-based data protection solution provider. Vera empowers customers in financial services, manufacturing, media & entertainment, and other industries to achieve the fine balance between strong security and productive collaboration by giving users the ability to secure, track, audit, and revoke data access at any time. Fortra is acquiring Vera to extend its data security portfolio and meet the increased demand for solutions that protect information throughout the full data lifecycle, from data classification and secure file transfer to data loss prevention and encryption.
Data is always on the move, not only within an organization, but also as it’s shared with customers, partners, and ever-growing remote workforces relying on both on-premises and cloud-based technology. This means the once-impenetrable corporate IT perimeter no longer exists, and managing sensitive files that contain valuable IP, financial data, or customer details requires a new way of thinking.
Vera solves this challenge by attaching military-grade encryption, access controls, security, and policy directly to data, giving companies granular control and audit capabilities over their information. It offers powerful risk mitigation for entities relying on the cloud to store sensitive IP such as products plans, manufacturing designs, financial strategies & results, and security operations audits. It also covers data subject to regulation such as credit card numbers, social security numbers, and patient medical records.
“The market for data security is evolving fast to require a comprehensive approach to discovery, detection, classification and dynamic encryption,” said Kate Bolseth, CEO, Fortra. “Vera seamlessly integrates and expands Fortra data security solution offerings and we welcome the Vera employees and their expertise to the global Fortra family.”
“I’m pleased Vera is joining a global company with a comprehensive set of solutions empowering customers to strengthen their approach to data security,” said Shri Dodani, President and CEO, Vera. “Vera solutions extend Fortra's existing data security portfolio meeting the needs of our combined customers and partners. We have been working together at some of our largest customers and have proven the joint value proposition and look forward to expanding our go-to-market leveraging Fortra global footprint and resources.”
About Fortra
Fortra is a software company focused on helping exceptional organizations Build a Better IT™. Our cybersecurity and automation software simplifies critical IT processes to give our customers peace of mind. We know IT transformation is a journey, not a destination. Let’s move forward. Learn more at www.fortra.com.
About Vera
Vera is the data-centric security solution leader enabling businesses of all sizes to secure, track and share any kind of data, no matter where it’s stored or located. 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. Learn more at www.Vera.com.