Cardiff-based GeoLang has been acquired by the AIM-listed digital security specialist the Shearwater Group.
GeoLang, an award-winning provider of data loss protection (DLP) software, has been snapped up by the Shearwater Group for £1.6m.
The company’s innovative DLP technology platform Ascema has been developed over the past five years by its co-founder and current CEO, Dr. Debbie Garside, alongside the business' core engineering team and chairman Andrew Sleigh (former group chief technology officer of Qinetiq PLC).
GeoLang also received early stage support through an Innovate UK collaboration project with Jaguar Land Rover and the University of Surrey, and in 2015, was named as the UK's Most Innovative Small Cyber Security Company at InfoSec.
Ascema's patented technology helps organisations protect sensitive information at the content level by discovering, classifying and remediating data across the corporate infrastructure via its ability to integrate with a range of authorised enterprise applications, both on premise or within the cloud.
By fingerprinting and analysing content within documents and email streams (as opposed to just the files themselves), Ascema is able to discover data and detect sentences from confidential information (whether within the original document or extracted and included in unclassified documents or emails), enabling the information to be quarantined or blocked in real time.
Dr. Debbie Garside, co-founder and CEO of GeoLang, said: "Team GeoLang are thrilled to be joining Shearwater at such a pivotal time in the business' evolution. Finding the right partner to support us in achieving our growth plans has been critical and in Shearwater, we believe we have done that.
“Their strategy of building a digital resilience group with such a strong UK focus resonates well with us and we are very excited about the potential for Ascema and the wider Shearwater Group as a whole."
David Williams, chairman of Shearwater, added: "I'm delighted that Debbie and the team have joined the group. For us, GeoLang represents another example of a great British technology business with significant potential to scale.
“Under Debbie's leadership and with the support of UK academia and the government, the business is now ideally poised to take the next step on its journey, and we look forward to supporting it in its development and helping it reach its full potential."
GeoLang will form part of Xcina, the group's information security and assurance business, where it will be able to leverage the portfolio company's established infrastructure alongside accessing Shearwater Group's wider capabilities.
Debbie Garside will continue to lead the business and its engineering and support teams following acquisition with all GeoLang employees remaining with the business on new service agreements.
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