On September 28, 2009, PKWARE announced that the company was recently acquired by a group of investors. The investment group, led by Novacap Technologies, also includes Maranon Capital, Garrett Investments, LLC, and PKWARE executives. The new funding will allow PKWARE to meet the growing data security and compression needs of our customers by strengthening our product portfolio.

"This is a great new chapter in PKWARE history for both our employees and customers; it demonstrates our company’s strength, even within the current economic environment,” said Eric Lien, Vice President of Marketing for PKWARE. “PKWARE has increased revenue and profits more than ten fold since 2001 and partnering with such a strong group of investors will help to further accelerate our success and ability to bring effective solutions to our customers."

The enterprise security software market is predicted to reach $10.9 billion in 2009, according to Gartner analysts. "Growing concerns over compliance regulations, audit requirements, and improving data center performance have driven tremendous demand for PKWARE products," said Lien. "This recent investment in PKWARE will allow us to continue to strengthen our product portfolio to meet the growing needs of our customers."

Read the news release