Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that they have acquired PKWARE Inc. (PKWARE), a Milwaukee, Wisconsin-based provider of data security software solutions. AGC Partners served as the exclusive financial advisor to PKWARE on this transaction. Terms of the transaction were not disclosed.
Founded in 1986, PKWARE (www.pkware.com) created the .ZIP file format and provides leading compression, encryption and data security platform solutions to highly regulated enterprises. The Company’s flagship data security platform, Smartcrypt, enables companies to protect sensitive data, meet compliance and regulatory requirements and manage risk.
Brandon Muirhead, Director, TSCP said, “Enterprises have a critical need to protect sensitive data – and one that is rapidly accelerating – as threat vectors expand and cyberattacks become more sophisticated. PKWARE is uniquely positioned as a trusted provider of best-in-class, automated data security solutions.” Mr. Muirhead added, “We are thrilled to partner with the Company to support the growth of the Smartcrypt product.”
Bob Dunn, Managing Director, TSCP added, “For decades PKWARE has provided mission-critical solutions for thousands of customers. We are very excited to help accelerate the Company’s growth at such a pivotal time for data security.”