US giant acquires Yorkshire software firm
A YORKSHIRE-based tech company, which provides secure online storage and data synchronisation for businesses and home computers, has been sold to a US company for an undisclosed sum.
Humyo.com, which was established in Leeds by entrepreneur Dan Conlon in 2007 with venture capital backing from Oakley Capital, has been acquired by online security products giant Trend Micro.
The company will continue to provide online data storage solutions for its 700,000 global customers with Mr Conlon remaining with the business.
The company’s 22 shareholders and venture capital backers will receive payouts on their investment.
Humyo.com uses bank grade encryption technology to protect more than 350 million files for its users. A former bank vault in Manchester is the home for its data servers.
Mr Conlon said: We are delighted to now be teaming with Trend Micro, known for its innovation and its global market presence to capture the explosive global market for cloud data storage.”
Corporate lawyers at DLA Piper in Leeds led by partner John Gallon and solicitor Paul Roberts advised the shareholders of Humyo.com on the deal.
Mr Gallon said: “Humyo.com has seen huge success over the last three years, growing a global customer base of more than half a million users and using the latest encryption technology.”
