Spirion secures $40m in funding to support product development

Spirion helps businesses to improve their data security and privacy through data discovery solutions and has secured $40m in funding to support its product development.

The company’s funding round was led by private equity firm The Riverside Company.

With the new funds, the company is looking to increase the development of its products and improving its data privacy management framework,

Spirion is a security and compliance platform which helps businesses with data discovery, classification and protection across their operations. Its tools help meet compliance with regulations including CCPA, GDPR, HIPAA, PCI DSS and more.

Alongside the close of the round, the company has made a number of new hires. Michael Scott, the former chief information security officer for the Wendy’s Corporation, is one of the startups new team additions. Scott will serve as the new chief privacy and security officer at Spirion.

Former chief technology officer at Pilgrim Quality Solutions, Stanley Curtis, will also join Spirion. Curtis is the company’s new executive vice president.

The other new hires include vice president Scott Giordano, vice president of demand marketing Jen Holtvluwer and senior vice president of sales Tom Palomaki.

Spirion president and CEO Kevin Coppins said, “Thanks to our obsession with protecting data privacy, Spirion has experienced exceptional growth by reducing the technical complexity commonly associated with data privacy and making it more manageable for organizations of all sizes,”.

“The addition of Mike, Stanley, Scott, Jennifer and Tom to our leadership team and the important depth of expertise they bring across data privacy, compliance and enterprise software further strengthens our ability to develop distinct security features that will continue to position Spirion ahead of the curve when it comes to trusted and effective data privacy management.”

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