Files.com Acquires ExaVault to Boost File Automation and Integration
Files.com, a cloud-native SaaS platform for file integration and automation, today announced it acquired ExaVault, a cloud file transfer provider.
This is Files.com’s first acquisition. Kevin Bombino, founder and CEO of Files.com, told Reworked ExaVault's cloud-first approach to file transfers and integrations aligns well with Files.com's vision for the future of file-based integration and automation.
"Our strategy in acquisitions is to look for products that can be fully integrated, so that both the existing and incoming sets of customers can benefit," Bombino said. "That means we’re looking for opportunities to add complementary capabilities while sticking to the modern cloud SaaS model that we’ve embraced."
Files.com Plans Nearly Double Employee Growth
The acquisition increases Tempe, Ariz.-based Files.com's workforce to 60 full-time employees. The company plans to expand to 110 over the course of 2022. "The growth is primarily concentrated in R&D, but will also include dozens of new customer success, support and account management staff to ensure the success of this integration,” Bombino said.
Files.com is a platform for enterprise-grade file transfer and automation provider with integrations to legacy and modern applications and infrastructure. Files.com focuses on high-volume automated file transfers. Typical use cases include exchanging real time data for banking, payroll, benefits, supply chain, advertising and other real time file exchange needs between a business and its partners, customers and vendors, according to Bombino.
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How Files.com Will Integrate ExaVault
Files.com will integrate the ExaVault technology by allowing the combined company's 6,500-plus clients to exchange files directly inside an automated, secure on-platform process.
Company officials anticipate that the first connections will occur within the next month, and that complete integration will occur by the summer of 2023. For the foreseeable future, Files.com will maintain the ExaVault brand, according to Bombino.
"Files.com’s mission and approach mirror how we think and operate,” ExaVault CEO David Ordal said in a press release. Ordal will serve as Files.com’s new chief technology officer.
Product Updates Focus on Integrations
Within the last year, Files.com has supported challenges related to file integration and automations in exchanging files both inside and outside the enterprise, according to Bombino.
Some of the highlights for the past year include:
- Integrations with over 1,500 applications
- Direct integrations with cloud file sharing and content platforms including Dropbox, Box, MS OneDrive, MS SharePoint and Google Drive
- Direct integrations with customer’s public and private cloud storage including AWS S3, Azure blob storage, Google Cloud Storage and Wasabi
- Integrations with iPaaS providers including Microsoft and Zapier
- Office 365 integration for real-time collaboration
- Enhanced security multi-factor authorization, SSO, and GPG encryption and decryption and content watermarking
- Native cloud storage as a part of the service across seven geographies.
- Introduced no-code automations and workflow capability across file transfers, sharing integrations and file related movement and transformations
Forthcoming releases will focus, Bombino said, on providing "operational intelligence" to customers' file flows, expanding the ecosystem of integrations to customers' apps and systems, simplifying the definition and configuration of file flows and automations and pushing the boundaries of what is considered extreme file transfer.