MILWAUKEE (May 14, 2020) – PKWARE, a global leader in automated data security, announced today that it has entered into a definitive agreement to be acquired by Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis. The transaction allows PKWARE to expand and grow its Smartcrypt Platform and continue providing mission-critical data protection and security solutions.
As part of the acquisition, Miller Newton will transition from president and CEO of PKWARE to a board advisor position where he’ll be consulting the company’s board of directors.
“We are really excited to welcome Thompson Street Capital Partners and the new members of the executive leadership team here to PKWARE. This organization is a special place, filled with dedicated people who are passionate and obsessed with providing the very best data security platform to our customers and partners,“ said Newton. “I believe that TSCP is well positioned to build and create significant value and scale over the next months and years to come. As an investor and board advisor, I look forward to continuing to support PKWARE’s future success in any way I can.”
Spencer Kupferman, former president and CEO of Global Software (now insightsoftware), has been appointed CEO. Kupferman brings with him 25 years of experience in the enterprise software industry. In addition, Spencer supports TSCP’s other portfolio companies, working closely with their tech-enabled software practice as an Executive Advisor.
“I’m honored and humbled to work alongside some of the preeminent minds in the data security space at PKWARE. Our award-winning, market leading, Smartcrypt platform continues to provide the most innovative approach to the data security paradigm and addresses the pressing needs of an ever evolving cyber threat landscape that is growing,” stated Kupferman. “The company is well positioned to address emergent cyber threats and secure the future of our data.”
“For decades PKWARE has been a trusted provider of best-in-class data security solutions for thousands of customers. We are excited to help accelerate and grow the Smartcrypt product at such a pivotal time for data security,” said Managing Director at TSCP, Bob Dunn.
Since 1986, PKWARE has been providing leading compression, encryption and data security solutions to highly-regulated enterprises and has been recognized by multiple industry analysts as a market leader for its award-winning data security platform.
PKWARE is an award-winning provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows.