AAA Actiance breaks out with $28m

Actiance breaks out with $28m

Actiance, the US-based developer of a platform for secured communications within businesses, raised $28m yesterday from investors including financial services firm Credit Suisse’s corporate venturing arm, Credit Suisse Next Investors.

Golub Capital, JK&B Capital, Scale Venture Partners and Sutter Hill Ventures also participated in the round.

Actiance provides a cloud-based communication, collaboration and social media governance service called Alcatraz that enables real-time content monitoring, centralised policy management and archiving. It can be integrated with more than 72 platforms including Twitter, Facebook, LinkedIn, Skype and Salesforce.

The funding will be used by Actiance to support global expansion and advance product development. The company is set to open data centres in Frankfurt and Amsterdam this quarter.

Founded in 1997 as FaceTime Communications, Actiance raised a total of $28.7m under that name according to regulatory filings. Credit Suisse’s Next II fund led a $15.6m round for FaceTime in 2007 that also featured Sutter Hill, JK&B, and Scale Venture Partners.

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