GlassIG S.A. secures 2.3M CHF financing round

PRESS RELEASE

Information Governance company to aggressively accelerate sales, marketing and execution of product roadmap

GENEVA, Switzerland, June 7th, 2017

GlassIG S.A, an independent software vendor that provides market leading and cost effective Information Governance solutions, today announced that it has completed a 2.3CHF million round of new financing. Existing investors Invision, Renaissance PME and Swisscom are joined in this financing round by Polytech Ecosystem Ventures in Lausanne and Cityholding in Belgium. The investment will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate product development.

On the market since 2010, GLASS was a well-known part of a set of software solutions from a Swiss-based archiving and output management software company. In April 2016, GLASS became GlassIG, S.A., the worldwide leading Information Governance software provider for Cloud and On-premise.

James Fieger, CEO GlassIG SA, commented: “This latest investment builds on an exceptional year for GlassIG, S.A. which saw a rapidly growing roster of clients, key executive appointments, and market momentum in the white-hot area of Information Governance. The management team thanks our current and new investors for their support and confidence in our team and progress.”

Xavier Paternot, Managing Partner, Renaissance PME, commented: ”GlassIG S.A. is a very exciting Information Governance solution provider with recurring revenues and a highly loyal customer base. Over the past years, the solution has seen the growth, margins, and global traction consistent with new and emerging software solutions we want to continue to support. We really look forward to working together with management over the coming years.”

Press contact:

 stephane-croisierStéphane Croisier

General Manager GlassIG SA

stephane.croisier@glassig.com