Kiteworks acquires Austrian Round2 Capital-backed DRACOON
Vienna-based Round2 Capital has announced that the shareholders of its portfolio company DRACOON have come to a definitive agreement for the sale of all shares in the company to Kiteworks. The deal details were not disclosed.
- Kiteworks, a US-based cybersecurity platform provider, was founded in 1999, offers file sharing, managed file transfer, and email data communications with a focus on meeting compliance standards.
- Established in 2012, DRACOON is a German software provider for secure data and file exchange on local infrastructure. Currently, the company has over 500,000 users worldwide, including major companies such as Deutsche Bahn, Telekom, and Thyssenkrupp.
- Round2 Capital is a fast-growing European investment firm with 140 million under management. Since its foundation in 2017, Round2 Capital has been pioneering revenue-based finance in Europe and is active in Germany, Switzerland, Austria, and the Nordic countries. Round2 Capital emerged as a major shareholder in DRACOON through its investment from the fund and a co-investment with Round2 LP.
“With Kiteworks we have found a great new “home” for DRACOON and its team. We congratulate the DRACOON leadership team on the recognition as a leader in its home markets and look forward to seeing the company flourish in the future.”says Stefan Nagel, Managing Partner of Round2 Capital.
- The acquisition marks Kiteworks’ plans of their expansion in the DACH markets.