Enterprise content firewall provider Accellion Inc. said today it has raised $120 million in new round led by Bregal Sagemount.

Founded in 1999, Accellion offers an enterprise content firewall that is designed to prevent data breaches and compliance violations. The company’s firewall is designed to protect intellectual property, personally identifiable information, protected health information and other sensitive content across the enterprise, along with interactions with suppliers, customers and partners.

Designed to consolidate security across common third-party communications channels, Accellion’s enterprise content firewall is said to provide total visibility and security while simplifying information technology infrastructure to reduce costs.

“Protecting data shared with third parties is a major chief information security officer challenge,” Jonathan Yaron, chief executive officer of Accellion said in a statement. “Today’s IT infrastructure has too many tools, too little governance and produces zero visibility. With this transaction, Accellion is well-positioned to accelerate acquisitions to further consolidate the sprawl of siloed applications under the enterprise content firewall.”

Accellion also provides protection to companies during the COVID-19 pandemic. With the Accellion enterprise content firewall, remote employees receive the same data protections at home that they have in the office. It provides coverage across channels such as email, file sharing, enterprise apps, web forms, SFTP, MFT and mobile, providing protection to all employees — including those now working remotely.

Every file uploaded, downloaded, sent and received is logged and auditable to demonstrate compliance with data privacy regulations such as Europe’s General Data Protection Regulation, the U.S. Health Insurance Portability and Accountability Act and California Consumer Privacy Act, the company said.

The funding is notable because it’s the first time the privately held company has raised any funding since 2012, operating in that time on its own profits. Crunchbase puts Accellion’s funding figure to date at $16 million, but a Wikipedia entry notes that total funding raised by the company, including rounds in September 2000 and April 2012, is $45 million.

Image: Accellion