GlassIG S.A, an independent software vendor that provides market leading and cost effective Infor-mation Governance solutions, today announced that it has completed a 2.3 CHF million round of new financing. Existing investors Invision, Renaissance PME and Swisscom are joined in this financ-ing round by Polytech Ecosystem Ventures in Lausanne and Cityholding in Belgium. The investment will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate product development.
On the market since 2010, GLASS was a well-known part of a set of software solutions from a Swiss-based archiving and output management software company. In April 2016, GLASS became GlassIG, S.A., the worldwide leading Information Governance software provider for Cloud and On-premise.
James Fieger, CEO GlassIG S.A., commented: “This latest investment builds on an exceptional year for GlassIG, S.A. which saw a rapidly growing roster of clients, key executive appointments, and market momentum in the white-hot area of Information Governance. The management team thanks our current and new investors for their support and confidence in our team and progress.”
Xavier Paternot, Managing Partner, Renaissance PME, commented: “GlassIG S.A. is a very exciting Information Governance solution provider with recurring revenues and a highly loyal customer base. Over the past years, the solution has seen the growth, margins, and global traction consistent with new and emerging software solutions we want to continue to support. We really look forward to working together with management over the coming years.”
About GlassIG S.A.
GlassIG is an Information Governance solution used to manage information policies and power organizations' legal and regulatory requirements related to data retention and information lifecycle management. Unlike alternative solutions, with GlassIG, companies can create corporate policies that are actively managed and published across organizational, jurisdictional and information repos-itory boundaries. GlassIG can be deployed as both a cloud-based or on premise application. At GlassIG, we simplify Information Governance.