FileTrek secures $10 million in funding

FileTrek announced today the company closed $10 million in Series B funding from a consortium of investors in the U.S. and Canada led by Anthem Venture Partners, Telesystem, and Ontario Emerging Technologies Funds. FileTrek will use the funding to support its release today of the industry’s first cloud-based file sharing solution that tracks and audits Enterprise content and data.

“Despite their hype, existing cloud file storage and sharing solutions have created a huge dilemma for Enterprise IT and workgroup managers,” said Dale Quayle, CEO of FileTrek. “These services tend to be used by employees without their knowledge, and can quickly distribute files all over the place, with no way to know where they went and no way to track or find them. FileTrek provides the visibility lacking in the current ecosystem with an industry-first innovative tracking capability that doesn’t require files to be tethered to a folder or box. We’re changing the course of how Enterprises will manage their data journey.”

Appointed to the position of CEO in September 2011, Dale Quayle is a seasoned executive with more than 25 years experience in driving strategic direction and sales growth for enterprise software companies. He was former CEO of Integrien, provider of integrity management solutions, until he sold the company to VMWare in 2010. Dale has also worked with Hewlett-Packard and Jonathan Engineered Solutions. Also joining the management team is Ross Sonnabend as Vice President of Operations. Ross is responsible for leading the daily operations and customer experience for FileTrek. Most recently, he was at Accenture leading large-scale implementations in the content management, digital supply chain and intellectual property rights management areas for clients such as CBS, Sony, Warner Bros, and Fox Interactive Media.

FileTrek is designed to allow secure file sharing, project collaboration, and the ability for managers to track content and data with enhanced compliance-friendly audit reporting. The solution is easy to use, transparent to users and can scale across thousands of desktops and mobile devices to maximize individual and workgroup productivity.

“We believe FileTrek will define a new category by delivering an innovative solution that combines file sharing and tracking of critical data,” said William Woodward, Managing Director of Anthem Venture Partners, FileTrek Board member, and a founder of Macromedia. “FileTrek gives accessibility to the content that is currently scattered throughout an organization and elsewhere, bringing a new sense of security to companies both large and small.”

About FileTrek Software

FileTrek is privately held with offices in Los Angeles, California and Ottawa, Canada. FileTrek is a software provider of mobile content management and tracking solutions for complete visibility of sharing, syncing and versioning activities on the desktop and in the cloud. FileTrek solves the modern dilemma of data sprawl, empowers IT professionals, and improves efficiencies in companies of all sizes. For more information about managing your data journey, please visit www.FileTrek.com.

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Source:
Jake White
VP, Marketing Communications, FileTrek
310-362-5571
jwhite@filetrek.com