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Accellion secures USD120m in financing led by Bregal Sagemount

Accellion, a provider of an enterprise content firewall that consolidates, controls, and secures sensitive third party communications, has announced a USD120 million financing round led by Bregal Sagemount. The Accellion enterprise content firewall protects the IP, PII, PHI, and other sensitive content that companies share everyday with suppliers, customers, and partners. By consolidating security across common 3rd party communication channels, Accellion provides total visibility and security, while simplifying IT infrastructure to reduce costs. Sagemount’s investment was led by Michael Kosty, William Breskman, and Daniel Eatroff. Pillsbury Winthrop Shaw Pittman provided legal counsel to Accellion. Goodwin Procter provided legal counsel to Bregal Sagemount.