Accellion Announces Record Growth

Momentum Continues with New Products, Record Revenue, Funding, and New Employees

 
Palo Alto, CA – April 24, 2012 –

Accellion, Inc. today announced record growth of close to 100 percent in the first quarter of 2012, compared to the year before quarter. During this time, the company unveiled Accellion Secure Mobile File Sharing packages for Enterprise, Business and Individuals, announced an investment by Riverwood Capital of $12M, secured close to 200 new customer deals, and increased the number of employees by 50 percent.

Driving the company’s growth, Accellion solutions fill an important business need by addressing security concerns related to bring your own device “BYOD” concerns, and the use of  free consumer file sharing applications within enterprise organizations. Included within the Accellion Secure Mobile File Sharing solutions is kitedrive sync, a new file syncing and sharing capability that enables business users to collaborate with files across devices, including iPad, iPhone, Android and BlackBerry, for secure anytime, anywhere access to information, while at the same time providing IT and Security teams management over mobile access to content.

“Our record growth mirrors the growing challenge IT is facing,” said Yorgen Edholm, CEO of Accellion. “Today’s enterprise is full of consumer apps and employee-owned mobile devices that beg to be used to increase employee productivity, in spite of security risks and privacy issues. We let IT be the hero, and provide employees, external partners and customers with an easy-to-use app that protects an organization’s content through innovative deployment options, while also helping users sync and share data securely.”

In the first quarter of 2012, Accellion has seen more than 200 percent growth compared to the year before quarter in Advertising, Marketing and Healthcare sectors, with continued strong growth in Legal, Professional Services, Engineering, Architecture, Construction, Financial Services, Government, High Tech, and Manufacturing.

A sampling of new Accellion customer deals for the quarter includes Addax Petroleum, Ballymore Group, Booz&Co, Brown Rudnick Berlack Israels LLP, Bucyrus (Caterpillar Global Mining), Cadwalader, Wickersham & Taft LLP, Chesapeake Energy Corporation, DabServ Pty Ltd, Dynamic Industries, Inc., Dyron Murphy Architects, ENVIRON International Corporation, H.J. Heinz Company, Hoffman Corp., Jenner & Block LLP, Kantar, LJA Engineering & Surveying, Lusardi Construction Company, NYU Langone Medical Center and School of Medicine, Phoenix Children’s Hospital, POP Multimedia, Saatchi & Saatchi, Inc., Simmons College, University of North Carolina, Saskatchewan Power, St. Louis Art Museum, Sword & Shield Enterprise Security, and Wharton Levin Ehrmantraut Klein.

About Accellion

Accellion, Inc. is a profitable, well-funded, private company that provides enterprise-class mobile file sharing solutions to enable secure, anytime, anywhere access to information while ensuring enterprise security and compliance. More than 9 million users and 1,600 of the world’s leading corporations and government agencies including Procter & Gamble; Activision; Indiana University Health; Kaiser Permanente; Foley & Mansfield; Lovells; Bridgestone; Ogilvy & Mather; Harvard University; Guinness World Records; US Securities and Exchange Commission; and NASA use Accellion to protect intellectual property, ensure compliance, improve business productivity and reduce IT costs. Accellion file sharing solutions can be deployed on public, private and hybrid cloud environments and provide the ease-of-use business users need while giving the enterprise organization the flexibility, scalability and protection it needs. For more information please visit www.accellion.com or call (650)-485-4300. Follow Accellion’s Blog, Twitter, Facebook, and LinkedIn.