Formstack, a Los Angeles, CA-based form, document, and eSignature software provider, acquired Open Raven, a Los Angeles, CA-based data management and security company.
The amount of the deal was not disclosed.
With the acquisition, Formstack will expand its offerings. In addition to data capture, Formstack will expand its workflow platform to include data discovery, classification, and visibility to enable more data compliance and activation into the workflow, with enhanced security and control. Open Raven Chief Executive Officer Dave Cole, the former Chief Product Officer of security industry giants Tenable (TENB) and Crowdstrike (CRWD), will assume the role of Formstack’s Chief Technology Officer.
Open Raven is a leader in automated multi-cloud data security. The Open Raven Data Security Platform works at cloud scale, is fully customizable, and enables organizations to gain 360-degree visibility into their cloud data so they can prevent attacks and data loss, eliminate unnecessary costs and risks, and streamline compliance.
Led by Chief Executive Officer Aled Miles, Formstack is a data capture and activation platform that makes automation workflows accessible to everyone, making companies productive so they can fulfill their purpose. It offers drag-and-drop functionality, open API, and integrations to streamline data collection, document generation, eSignature, and more. The company additionally offers a native Salesforce form solution to streamline how Salesforce users capture and update records.
