Sales of Theta Lake’s archiving solution results in triple-digit percentage growth
Recent fines for compliance shortcomings have spurred companies into purchasing Theta Lake’s Archive Integrations solution.
The communications compliance company has seen year-over-year triple-digit percentage growth in annual recurring revenue for the first half of the fiscal year, gaining new customers in North America, Europe, and the UK.
Theta Lake has now met the objectives it set out following series B financing it received in March from UC companies, which include Cisco, Zoom, Salesforce, and RingCentral.
Devin Redmond, CEO and co-founder of Theta Lake, said:
“This growth demonstrates Theta Lake’s ability to deliver on our clear promise to the market, customers, and investors that rely on us to thoughtfully scale our resources, talent, and expertise.
“I am excited by our strategic additions to the Theta Lake team from many of the other market leaders in the enterprise information archiving, surveillance, security, and DLP spaces, as well as adding talent from the unified communications space.
“This cross-section of expertise and depth in experience across segments aligns with our vision of building a company that provides modern technology solutions for today’s communication compliance and security needs with a vision for the future.”
Archive Integrations records chat, video, audio, and more, across platforms, including Microsoft Teams, Zoom, Webex Meetings, Webex Teams, Slack, and RingCentral. These recordings can then be stored in company archives with a copy in Theta Lake for compliance purposes.