Canaccord Genuity acts as Financial Advisor to Seven10 on sale to Congruity 360
Canaccord Genuity is pleased to announce that Congruity 360, a leading data governance and classification provider, has announced its acquisition of SEVEN10, which provides Storfirst360 (formerly STORFIRST7), the industry’s most secure cloud-ready file system migration and information management software. Canaccord Genuity acted as exclusive financial advisor to SEVEN10.
SEVEN10’s fully automated data migration and management software for unstructured data eliminates costly professional services and time-consuming rip-and-replace upgrades with software-driven, trusted data movement technology. Congruity360 will leverage Storfirst360 to deliver Intelligent MigrationTM services to customers, layering deep content-level classification atop migration projects to reduce redundant, obsolete, and trivial (“ROT”) and risk data prior to a cloud or on-prem migration. Together, Storfirst360 and Classify360 enable enterprises to maintain business-critical operations while providing full security and maximizing both on-prem and cloud-based storage capacities with an accelerated migration timeline. Congruity360 and SEVEN10 have, respectively, delivered exceptional data migrations via expert services and innovative technology as independent organizations. In coming together, the companies’ joint vision of approaching data governance holistically – at the infrastructure layer where the data “lives,” rather than the commonly marketed application-centric methods – strengthens Congruity360’s commitment to delivering first-class data transformation and cloud-first strategies to enterprise organizations.
The Canaccord Genuity team consisted of Scott Card, Isaac Porter and Thomas Johnston.
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