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$1.1 million in Growth Capital for SmartFile

Company in secure file management and sharing platform
This is a Press Release edited by StorageNewsletter.com on 2016.08.22

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SmartFile, a secure enterprise file management and sharing platform, announces continued growth plans with $1.1 million in growth capital led by VisionTech Angels, with participation from Elevate Ventures.

The company will use the funds to further develop and market its scalable file management and governance solution for enterprise customers.

"SmartFile has proven itself as a leader in the Indiana tech community for the past seven years," said Oscar Moralez, MD, VisionTech Partners | VisionTech Angels. "With today's increased need for enterprise security and compliance, SmartFile is positioned for high-volume growth that our investors are proud to support."

The enterprise file management platform delivers a secure gateway for all business files, whether on-premises or in the cloud. The scalable system gives businesses a solution that consolidates storage, file sharing, FTP and file management in a single tool.

"We plan to use these funds as a catalyst to accelerate growth of our business through hiring tech talent, product development and marketing initiatives," said John Hurley, CEO, SmartFile. "Funds coming from partners in the Midwest are important to us, as this strategy drives accountability. As growth continues, we'll also look to expand our presence in both downtown Indianapolis and within the local tech community."

In 2016, SmartFile was named a Best Places to Work in Indiana company, and expanded its development team by 50%.

SmartFile also recently added tech veteran Don Scifres as president.

The company has many customers in its array of more than 1,500 in over 80 countries, including Cook Medical, the NCAA, BMW and NBC.

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