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Inverness Graham acquires Identity Finder

Inverness Graham, a private investment firm based in suburban Philadelphia, has acquired dentity Finder, a specialist in enterprise data management software focused on discovering, classifying, monitoring, and protecting sensitive information.  

The company helps organisations avoid costly data breaches by finding and protecting confidential data such as personal information, medical records, credit card accounts, and intellectual property stored across the enterprise, within e-mail, and the cloud.  Inverness Graham was supported by data security industry veteran, Ramon Peypoch, who has joined the company's board.

"The combination of the explosion of data and the growing number of data breaches over the past few years has created a unique opportunity within the security software/SaaS segment, an area proactively targeted by Inverness Graham," says Trey Sykes, Managing Principal of Inverness Graham.  "Identity Finder's software discovers sensitive data with unparalleled accuracy across multiple platforms and then, unlike any other solution on the market, automatically classifies this sensitive data, allowing its customers to greatly reduce their overall sensitive data footprint with unrivalled efficiency.  Managing and reducing the sensitive data footprint greatly minimises the risk of substantial losses, especially when data breaches are so commonplace in today's environment.  We are excited to partner with an outstanding management team, who retained a substantial ownership position and will continue to manage the business operations."
Identity Finder CEO Todd Feinman, says: "We are extremely proud of the company and the product that we have built.  Our customers recognise it's not a matter of if, but when a cyberattack will occur, and they rely on our Sensitive Data Manager technology to prevent the loss of their most valuable information assets.  We help enterprises identify where their sensitive information exists so that they know the risk and can monitor, classify, and protect that at-risk data.  Our new partnership with Inverness Graham, with the relationships and resources they bring to bear, will enable us to drive growth and accelerate value for both our customers and shareholders.  We will not only be able to accelerate the expansion of our product capabilities, but also substantially broaden our partnership opportunities with companies providing complementary product offerings.  We have a unique product that can be the underlying engine that significantly increases the value of existing products in the market."
Though terms were not disclosed, Abacus Finance Group, LLC provided the senior debt to finance this transaction. 

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