Collaboration security and compliance company Theta Lake has expanded into the UK.
The expansion has been cemented through the launch of Theta Lake UK, a dedicated, locally-based entity with employees and dedicated UK focused technology.
“We have the strong belief that we can help organisations in the UK reduce their cost of compliance and security while improving their protection of sensitive data when using modern collaboration tools,” said Devin Redmond, CEO, co-founder and director at Theta Lake UK.
The news comes on the back of Theta Lake raising $12.7m in a Series A round in October 2020. Lightspeed Venture Partners led the raise.
“Now that we have numerous customers and partners in the UK, it is an easy decision to deploy our Series A funds to build out our UK presence and our ability to help UK-based organisations safely and cost-effectively leverage the collaboration-based workplace,” Redmond added.
Attivo Group is one of those customers who are happy to celebrate Theta Lake’s UK launch as it will help them comply with the Financial Conduct Authority’s (FCA) recording and supervision requirements for voice and video rules.