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Theta Lake Expands Global Presence to Address Privacy and Regulatory Compliance Requirements for Existing and New Customers in the UK
February 2, 2021 GMT
SANTA BARBARA, Calif. (BUSINESS WIRE) Feb 2, 2021
Theta Lake, Inc., the recognized leader in modern collaboration security and compliance solutions, announced today its expansion into the United Kingdom (UK) with the addition of Theta Lake UK Ltd., a dedicated, locally-based entity with employees and UK focused technology. Coming off a rapid period of growth, including a $12.7 million Series A round in October 2020 led by Lightspeed Venture Partners with the addition of Cisco Investments and award-winning industry leaders to its roster of advisors, this UK expansion further solidifies Theta Lake’s position as a global, market-leading security and compliance brand.
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UK customer growth drives dedicated UK investment Theta Lake, Inc., the recognized leader in modern collaboration security and compliance solutions, announced today its expansion into the United Kingdom (UK) with the addition of Theta Lake UK Ltd., a dedicated, locally-based entity with employees and UK focused technology. Coming off a rapid period of growth, including a $12.7 million Series A round in October 2020 led by Lightspeed Venture Partners with the addition of Cisco Investments and award-winning industry leaders to its roster of advisors, this UK expansion further solidifies Theta Lake s position as a global, market-leading security and compliance brand.
With Britain s Financial Conduct Authority reminding bankers this January of recording and supervision requirements whether remote or in office, and the Information Commissioner s Office recent focus on privacy requirements for video conferencing, firms and organizations in the UK have a heightened need to provi