Minneapolis-based software company HelpSystems has acquired FileCatalyst, an Ottawa-based provider of enterprise file transfer acceleration solutions. No financial terms were disclosed. HelpSystems is backed by Charlesbank Capital Partners, HGGC and TA Associates.
MINNEAPOLIS, Jan. 4, 2021 /PRNewswire/ — HelpSystems announced today the acquisition of FileCatalyst, a leader in enterprise file transfer acceleration. FileCatalyst enables organizations working with extremely large files to optimize and transfer their information swiftly and securely across global networks. This can be particularly beneficial in industries such as broadcast media and live sports.
With the increasing need to share video and other media-rich files, big data, and extensive databases, many businesses struggle with technology and bandwidth constraints. FileCatalyst solves these challenges by enabling files to move at speeds hundreds of times faster than what FTP allows, while ensuring secure and reliable delivery and tracking. This empowers businesses to work more efficiently, without the latency and packet loss that can plague the movement of vast amounts of information when it comes to content distribution, file sharing, and offsite backups.
“Our customers and partners have expressed a growing need to move significant volumes of data more quickly than ever before, and FileCatalyst addresses this problem effectively for many well-known organizations,” said Kate Bolseth, CEO, HelpSystems. “FileCatalyst is an excellent addition to our managed file transfer and robotic process automation offerings, and we are pleased to bring the FileCatalyst team and their strong file acceleration knowledge into the global HelpSystems family.”
“We are thrilled to become part of a company with deep roots and expertise in both cybersecurity and automation,” said Chris Bailey, CEO and Co-Founder, FileCatalyst. “Our customers will find value in pairing our file transfer acceleration solutions with HelpSystems’ extensive solution suites.”
HelpSystems 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.helpsystems.com.
Located in Ottawa, Canada, FileCatalyst is a pioneer in managed file transfers and an Emmy® award-winning leader of accelerated file transfer solutions. The company, founded in 2000, has more than 1,000 customers in media and entertainment, energy and mining, gaming, printing, military, and government, including many Fortune 500 companies. Learn more at www.FileCatalyst.com.