Formstack Acquires Open Raven, Boosting Data Security

Key Highlights:

• Formstack acquires Open Raven , a leading data management and security company.
• Dave Cole appointed as Formstack’s Chief Technology Officer.
• Acquisition enhances Formstack's platform with data discovery, classification, and visibility.
• 360-degree cloud data visibility and compliance capabilities now integrated.
• Financial terms of the transaction were not disclosed.

Source (Business Wire)

Notable Quotes:

• "The best way to secure data is by integrating data security into the workflow," said new Formstack Chief Technology Officer." — Dave Cole, Chief Technology Officer at Formstack
• "Open Raven puts organizations back in control of their data, enabling them to be more productive and fulfill their purpose efficiently and securely," said Formstack Chief Executive Officer." — Aled Miles , Chief Executive Officer at Formstack

Our Take:

The acquisition of Open Raven by Formstack represents a significant advancement in the realm of data management and security. By integrating Open Raven’s cutting-edge data security platform, Formstack not only enhances its workflow capabilities but also addresses the critical need for data compliance and visibility. This strategic move will empower organizations to manage their data more effectively, ensuring productivity while mitigating security and compliance risks. With industry veteran Dave Cole at the helm as CTO, Formstack is poised to lead in delivering robust, secure, and efficient data solutions.