Global software investors Insight Partners and Sixth Street Growth have made a $450m growth-equity investment in Kiteworks, a US provider of secure content communications.
The investment marks a partial liquidity event and will see Eoin Duane and Peter Sobiloff from Insight Partners and Alex Katz from Sixth Street joining Kiteworks’s board of directors.
Kiteworks, which is led by CEO and Chairman Jonathan Yaron, operates Private Content Network, a platform that provides file sharing, file transfer, managed file transfer, email, APIs and web forms.
Alex Katz, Managing Director at Sixth Street Growth, commented: “Jonathan and the Kiteworks team are proven innovators and have architected a platform which is purpose built to meet the challenges of the most secure and compliance-sensitive organisations. We’re excited to support their continued success and help Kiteworks capitalise on the significant market opportunities ahead.”
Kiteworks was advised by Moelis & Company and Pillsbury Winthrop Shaw Pittman. Sixth Street Growth was advised by Paul Hastings. Insight Partners was advised by Willkie Farr & Gallagher.
Source: Private Equity Wire
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