HelpSystems has acquired Vera, a cloud-based data protection solution provider, to extend its data security portfolio.

Vera empowers customers in financial services, manufacturing, media & entertainment, and other industries to achieve the fine balance between strong security and productive collaboration by giving users the ability to secure, track, audit, and revoke data access at any time.

Vera offers risk mitigation for entities relying on the cloud to store sensitive IP such as products plans, manufacturing designs, financial strategies & results, and security operations audits. It also covers data subject to regulation such as credit card numbers, social security numbers, and patient medical records.

HelpSystems said it is acquiring Vera to meet the increased demand for solutions that protect information throughout the full data lifecycle, from data classification and secure file transfer to data loss prevention and encryption.

“The market for data security is evolving fast to require a comprehensive approach to discovery, detection, classification and dynamic encryption,” said Kate Bolseth, CEO, HelpSystems. “Vera seamlessly integrates and expands HelpSystems data security solution offerings and we welcome the Vera employees and their expertise to the global HelpSystems family.”