News | June 11, 2024

Formstack Acquires Open Raven

Los Angeles, CA (BUSINESS WIRE) - Formstack, a leading form, document, and eSignature software provider, supporting more than 32,000 customers worldwide, today announced the acquisition of 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 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. "That way, 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.

About Formstack

Backed by PSG Equity and Silversmith Capital Partners, Formstack is a data capture and activation platform that makes automation workflows accessible to everyone, making companies productive so they can fulfill their purpose. Formstack offers drag-and-drop functionality, open API, and seamless integrations to streamline data collection, document generation, eSignature, and more. Formstack additionally offers a native Salesforce form solution to streamline how Salesforce users capture and update records. Whether you're a small business or a large enterprise, Formstack provides a single, customizable solution for all of your data collection and workflow needs. Launched in 2006, Formstack is trusted by over 32,000 organizations worldwide—including Kaiser Permanente, Shell, Shopify, Uber, and Netflix—to digitize what matters, automate workflows, and fix processes. To learn more, visit: www.formstack.com.

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