Expands platform to address data management and security, Dave Cole announced as Chief Technology Officer.
Los Angeles, CA (June 11, 2024) — Formstack, a leading form, document, and eSignature software provider, supporting more than 32,000 customers worldwide, today announced the acquisition of California-based Open Raven, a leading data management and security company.
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 founder and 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.
"The best way to secure data is by integrating data security into the workflow," said new Formstack Chief Technology Officer, Dave Cole. "As a result, organizations can be productive, efficient, cost-effective, and deliver results, while addressing ever-increasing security and compliance risk."
The Open Raven Data Security Platform works at a massive scale, provides 360-degree cloud data visibility, eliminates unnecessary costs and risks, and streamlines compliance. Formstack will integrate Open Raven, its second acquisition in months, and provide its customers the ability to layer in essential data visibility and control, removing friction from data capture, activation, and compliance.
"Our customers want to do more with their data," said Formstack Chief Executive Officer, Aled Miles. “Open Raven puts organizations back in control of their data, enabling them to be more productive and fulfill their purpose efficiently and securely. With this acquisition, we will be able to provide broader data capabilities, utilize the power of AI, and enable our customers to automate and incorporate compliant data into workflows, transforming the way they work."
Financial terms of the transaction were not disclosed.
