File-sharing company Hightail, formerly known as YouSendIt, said Tuesday that it has bought adeptCloud. No financial terms were disclosed. Based in San Mateo, Calif., adeptCloud, which was seeded by The Entrepreneurs’ Fund, is a provider of security solutions. Hightail, which is located in Campbell, Calif., is backed by Alloy Ventures, Cambrian Ventures, Adams Street Partners, Emergence Capital Partners, Sigma Partners and Sevin Rosen Funds.
CAMPBELL, CA–(Marketwired – Sep 17, 2013) – Leading file-sharing service Hightail (formerly YouSendIt) today announced it has acquired adeptCloud, a file sharing and collaboration company focused on security, control and privacy. Recent research reveals that of the 18 percent of businesses that are unsatisfied with their cloud solutions, 62 percent cited security as their main concern. With the acquisition, adeptCloud extends Hightail’s leadership in providing companies with the most secure product experience, all while giving professionals the tools they need to confidently get work done.
“At Hightail, we don’t believe professionals should have to compromise superior user experience to gain the security and control they deserve. Team adeptCloud takes this to an entirely new level,” says Brad Garlinghouse, CEO of Hightail. “Together we’ll build on our long history of delivering security and control with a continued commitment to provide the most elegant and easy-to-use experience.”
A recent report by Osterman Research reveals that 77 percent of businesses are concerned that employees are putting their organization at risk through the use of non-secure cloud services. By integrating the adeptCloud team’s expertise in security, Hightail is responding to increasing market demand for content control and security, without compromising user experience.
“Hightail’s focus on collaboration, security and control fits perfectly with our approach to enabling professionals to confidently leverage the public cloud,” said Frank-Robert Kline, co-founder and CEO of Adept Cloud. “Together, we can offer professionals the enterprise-grade solution to the question of effective and easy cloud security. Our team can’t wait to dig in and get started.”
With the adeptCloud team’s approach, professionals will benefit even more from Hightail’s continued enhancement of existing professional security and control features such as read receipt, password protection, and document tracking. The team will also focus on enabling Hightail to integrate with existing enterprise storage and control services.
Hightail (formerly YouSendIt) helps 43 million professionals around the world securely share and control files from anywhere.
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Founded in June 2011, Adept Cloud, Inc. developed the industry’s first cloud-managed private collaboration solution. The company is comprised of a team whose experience is in solving complex problems in sensitive environments.