SAN FRANCISCO, CA — April 23, 2013 — Helion Venture Partners (www.helionvc.com ) and Ventureast Proactive (www.ventureast.net ), two of the leading venture firms today announced their joint investment in Seclore (www.seclore.com), an industry leader in Information Rights Management (IRM) and secure outsourcing systems.
Seclore, which has been in the market providing its technology to customers for just over three years, started within IIT Bombay and was supported by the entrepreneurship promotion organization (www.sineiitb.org) of the institute. With IIT graduates Vishal Gupta (CEO) and Abhijit Tannu (CTO) at the helm, the company has grown to a user base of over three million users and customers spread across North America, Western Europe and South Asia. The company has global organizations like Daimler, Linde, Panasonic, CapGemini, Reliance and Airtel using its technology for securing critical information. The company has been named a “Cool Vendor” by Gartner and has consistently been in the Deloitte’s Technology Fast 50 list.
Seclore’s technology allows enterprises to control WHO uses their information, WHAT can each person do with the information (view, edit, distribute, print, etc.), WHEN can each person use it and from WHERE. Seclore’s technology enables enterprises to continuously control and monitor information in the form of documents, emails, designs and images within and outside the enterprise’s infrastructure.
“Enterprises boundaries are falling rapidly. Devices are becoming personal with BYOD, networks are becoming public with anywhere anytime access within and outside the enterprise and applications are being hosted externally with cloud adoption,” said Vishal Gupta, CEO Seclore. “The only usable definition of enterprise boundary is information itself. Seclore has created an elegant solution to protect this highly mobile and fluid boundary using persistent, information-centric controls.”
Seclore’s technology allows enterprises to control information going on personal devices, cloud based storage and collaboration technologies and to external agencies like service providers, partners and customers. The stumbling blocks of IRM adoption like the prerequisite of a software footprint on the receiver’s device, complex pricing and high dependency on applications, formats and operating systems have all been removed by Seclore.
“We invest in companies we believe will be leaders in their space and will be responsible for leading innovation in their category. Customers across the globe are validating the relevance of Seclore’s technology as the risks of information breaches increase for the enterprise,” said Raghuveer Mendu, founding general partner at Ventureast Proactive. “As investors, we were impressed by the effectiveness and agnostic nature of Seclore’s technology, which is uniquely different from other offerings in the market. Seclore’s technology effectively allows enterprises to meet the mutually conflicting goals of security and collaboration within and outside the enterprise.”
“We are impressed by the global customer footprint and competitive position that Seclore has established. We feel that their product is truly differentiated,” said Rahul Chandra, managing director, Helion Advisors. “Along with the team’s customer responsive approach, the company is strongly on the path to emerge as a leader in the information security space.”
Seclore (www.seclore.com) develops innovative solutions for information usage control. Seclore has achieved industry leadership in the area of information usage control, information rights management and enterprise DRM through its range of products. Seclore has received the Deloitte Technology Fast 50 India award for the second time this year in its three year history. Government agencies, Banks, Fortune 500s are using Seclore to share information but make sure it stays in the right hands and cannot be copied, replicated and shared without permission.
About Helion Ventures Partners
Helion is a multi-stage, India-focused venture fund with over $600 million under management. The fund invests in businesses that are technology-powered or catering to the Indian consumer services space. The focus sectors of investment include -, internet, mobile, technology products, outsourcing, Healthcare, education, retail services and financial services. The fund’s investors are well-respected global institutions including top tier university endowment funds, sovereign funds, foundations, pension funds, family offices and Fund of funds. The fund and its portfolio companies are advised by an experienced and industry renowned team of professionals based in India and includes Sanjeev Aggarwal, Ashish Gupta, Kanwaljit Singh, Rahul Chandra and R Natarajan. For more information visit www.helionvc.com
Ventureast is a pioneering Indian VC fund manager with close to $300 million under management. It has a rich history of investing in innovative businesses across multiple sectors, and multiple stages of a business – from seed and early to growth stages. Guided by the singular credo “We Differentiate, You Win”, Ventureast has enabled over 60 businesses in Technology, Life Sciences and emerging sectors to become leaders in their individual spaces. The company has a proven track record of investments and exits, aided by a strong founding team which has been with Ventureast for over 15 years and who understand the entrepreneurial ecosystem well. The Ventureast Proactive Fund, Ventureast Life Fund and Ventureast Tenet Fund II feature a wide investor base (Limited Partners) consisting of institutional investors from across the world.