Press release

Egress Delivers GDPR Compliance to the Benelux Market Using AI-Powered Data Security

Sponsored by Businesswire

Egress, the leading provider of people-centric data security solutions,
today announced its official launch into the Benelux market. The
company, which helps organizations receive, manage and share information
securely, has selected Amsterdam as the location of its mainland Europe
headquarters due to the city’s reputation for technical innovation and
access to an ecosystem of top data security specialists.

“Egress’ success over the past five years has been underpinned by our
market-leading security tools that have helped customers in the UK and
North America mitigate the considerable compliance and data security
risks associated with sharing sensitive data,” Egress CEO Tony Pepper

“Inevitably, as we continue to grow and expand, we find ourselves
working with enterprises across mainland Europe, something that has been
accelerated by the introduction of GDPR 12 months ago. For industries
such as government, financial services, healthcare and professional
services, there is increasing pressure to comply with data privacy and
security regulations, while managing a heightened security threat. The
stakes have never been higher!”

“As part of this expansion, it was hugely important that we selected the
right location to drive our European growth. With its investment in
technology and the innovation community it is fostering, Amsterdam
represents the ideal center for this,” concluded Pepper.

With 95%
of C-level IT professionals concerned about insider threats
, staff
causing data breaches both intentionally and unintentionally pose a
significant risk to organizations. Recognizing this, Egress has
developed an intelligent, people-centric data security platform that
uses machine learning to understand the potential risk of a data breach
in order to apply the necessary levels of security to shared
information. In addition, powerful auditing and reporting capabilities
enable business administrators to identify and report on data shared
across their email networks to ensure compliance with GDPR.

As a result, Egress
experienced significant growth in 2018
, increasing new SaaS
subscriptions by 64%, with a 93% renewal rate—demonstrating the loyalty
of the company’s customer base, and the strength and trust in its
people-centric platform. In December 2018, the company received $40m
in Series C funding
, led by private equity firm FTV Capital, to
support its rapid growth.

“Having demonstrated the value of our solution in the UK and North
America, it is inevitable that demand for our technology in mainland
Europe will increase,” stated Axel van Drongelen, Egress General Manager
for Benelux. “As in the UK, the introduction of GDPR means European
organizations are increasingly balancing greater demands for regulatory
compliance with managing the sophisticated risk of insider threats.
Egress’ track record and reputation for delivering innovative data
security solutions across other existing markets demonstrate we are
well-positioned to support them in meeting these challenges and
achieving their business goals.”

About Egress

Egress takes a people-centric approach to data security – helping users
receive, manage and share sensitive data securely to meet compliance
requirements and drive business productivity. Using machine learning,
Egress ensures information is protected relative to the risk of a data
breach and reduces user friction to ensure smooth adoption.

Trusted by enterprise organizations and governments around the globe,
Egress’ award-winning platform provides email encryption, secure file
transfer and online collaboration services, as well as risk management,
accidental send prevention, and compliance auditing and reporting.

Egress is headquartered in London, with regional offices in the UK, the
US, Canada and the Netherlands.