Concept Searching’s Acquisition by Netwrix Corporation Completed
Creating the Premier Data Security Technology with the Industry’s Most Comprehensive Suite of Metadata Management Products
McLean, VA, US and Stevenage, UK – 4th December 2018
Concept Searching, the global leader in semantic metadata generation, auto-classification, and taxonomy management software, has been acquired by Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments. Concept Searching will remain active in the metadata management, classification, and insight engine market, continuing to provide a wide range of award-winning solutions to clients. The terms of the transaction were not disclosed.
The relationship between the two companies developed in 2017, with Netwrix integrating a portion of Concept Searching’s technology into its Netwrix Auditor product. The technology integration and partnership were highly successful. As a result, Netwrix acquired Concept Searching to bring a greater level of depth to the real-time identification and remediation of personal and sensitive information found within structured and unstructured data, both on-premises and in the cloud. The acquisition will enable Netwrix to firmly position itself in the data-centric audit and protection market (DCAP), with an integrated solution that detects and prevents exposures and has been proven to cut compliance costs by more than 50%.
“Concept Searching is excited about becoming a part of Netwrix. Merging our unique technology with its exceptional Netwrix Auditor product delivers a new level of protection to organizations concerned about data security, with the ability to identify and remediate personal or organizationally defined sensitive information, regardless of where it is stored or how it was ingested,” commented Martin Garland, President of Concept Searching. “The expanded team will enable us to be even more agile, increasingly responsive to our clients’ needs, and to deliver a platform for growth to both client bases and ensure we maintain our leadership position in delivering world-class metadata-driven solutions,” Garland concluded.
“The acquisition of Concept Searching is a natural next step for our organization, enabling us to provide our customers with even more contextual awareness to protect business-critical data and prioritize their security efforts,” said Steve Dickson, Chief Executive Officer of Netwrix.
Concept Searching’s conceptClassifier platform remains the industry’s most innovative technology for managing unstructured, semi-structured, and structured content. Utilizing Concept Searching’s unique compound term processing for concept extraction, the classification and taxonomy management technologies deliver the optimal solution for organizations seeking to fully utilize their knowledge assets. The platform delivers the only statistical multi-term metadata generation, auto-classification and taxonomy management solution, regardless of environment or data storage location.
About Concept Searching
Concept Searching is the industry leader specializing in semantic metadata generation, auto-classification, and taxonomy management. Concept Searching has a Microsoft Gold Application Development competency and offers a complete suite of platform-agnostic content analytics, insight, and discovery solutions. The award-winning technologies encompass the entire portfolio of unstructured information assets in on-premises, cloud, or hybrid environments. Clients have deployed the intelligent metadata enabled solutions to improve search, records management, identification and protection of privacy data, content optimization, migration, text mining, and eDiscovery.
Concept Searching is headquartered in the US with offices in the UK, Canada and South Africa. For more information about Concept Searching’s solutions and technologies visit www.conceptsearching.com and our Blog, and follow us on Twitter and LinkedIn.
About Netwrix Corporation
Netwrix Corporation is a software company focused exclusively on providing IT security and operations teams with pervasive visibility into user behavior, system configurations and data sensitivity across hybrid IT infrastructures to protect data regardless of its location. Over 10,000 organizations worldwide rely on Netwrix to detect and proactively mitigate data security threats, pass compliance audits with less effort and expense, and increase the productivity of their IT teams.
Founded in 2006, Netwrix has earned more than 140 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the US. For more information, visit www.netwrix.com.
All product and company names herein may be trademarks of their respective owners.