Storage Made Easy in UK Secures £3 Million

Vehera LTD, a UK company trading as Storage Made Easy (SME), has closed a £3 million growth funding round led by an affiliate of a large global financial asset management company.

The investment will enable the company to grow its European team, specifically in sales, to meet the growing needs of European businesses – who face a growing wave of regulations, in conjunction with other security threats, that target their core business data.

By expanding its sales in Europe, the firm plans to capitalise on the increase of companies looking to find a solution to these challenges.

SME’s File Fabric product solution provides data security and policy-based compliance features for enterprise companies.

Between on-premises, hybrid, and cloud environments, the policing of data has become an almost impossible task for most companies. In addition to security issues such as ransomware attacks, new compliance regimes, such as GDPR, mean that for companies to ensure they are protected, they have to implement their own polices and security across their entire data estate. This includes that which is provided by cloud service providers.

File Fabric solves this problem and works with a company’s existing file stores to provide policy-based security, and also, for example, insight into which files contain personal data, and also a ‘single pane of glass’ view into corporate data stores, unifying on-site and on-cloud file assets.

The product is also used with object storage products, which form a part of many companies’ future digital transformation and data growth plans. As most object storage provides only REST-based API access, the File Fabric provides a means to not police the data that resides in object storage, and also allows end users to interact with it directly from their desktops as they do with their existing files.

File Fabric is used by some of the world’s biggest companies and customer portfolio includes one of the largest global social media organisations and a global north American communications and technology leader, as well as a large north American network broadcaster. Additionally the product is also utilised in UK government, via the G-Cloud initiative, as well as by other international government bodies.

Storage Made Easy recently announced a growth reseller partnership with a S3-compatible object storage vendors, Cloudian, Inc., and additionally partners with other major vendors in the object storage space including Red Hat, Inc. and Canonical Ltd.

“We are excited to receive this infusion of capital from our new and existing investors,” said CEO and co-founder Jim Liddle. “They recognise the market opportunity and believe that SME is strategically positioned to build on the existing growth and success that has already been achieved. This new funding will primarily be spent on sales-related resources as we push to grow our footprint in the enterprise. This investment validates our unique approach to making corporate data more productive and secure wherever it may be installed, on-cloud or on-premises.”

Read also:
UK Storage Made Easy Closes Second Seed Round of $1 Million
First one was at $1 million in December 2011.
2014.02.14 | Press Release