Cryptzone, a global provider of data security and identity and access management (IAM) solutions with an engineering base in Sweden, has acquired HiSoftware Inc, a US provider of governance, compliance and security solutions. HiSoftware’s product portfolio provides a complementary set of solutions that will enhance Cryptzone’s capabilities in securing critical data in the cloud, on mobile devices, and in customer data centres. The combined company will offer a suite of context-aware access control, data security and compliance solutions designed for today’s dynamic, mobile, cloud-centric enterprise IT.
Cryptzone will be headquartered in Boston, Massachusetts and have a European centre of excellence in engineering located in Gothenburg, Sweden, its birthplace. Combined, the companies will have more than 700 customers including large global enterprises.
Cryptzone will look to integrate HiSoftware’s advanced suite of solutions, including its Compliance Sheriff Web, Security Sheriff and Site Sheriff products, into the company’s existing product set. HiSoftware’s compliance product allows enterprises and government agencies to validate compliance of internal and external website content against predefined and user-defined policies. The company also specializes in delivering content security and site management solutions within Microsoft SharePoint and other unstructured collaborative environments.
As part of the acquisition, HiSoftware’s CEO, Kurt Mueffelmann, will be named CEO of the combined entity.