Egnyte, provider of the most comprehensive enterprise file-sharing platform, has detailed its European expansion plans to meet the growing customer demand for an enterprise-grade file sharing solution that fully addresses data security concerns. With European regional revenues expected to account for 20% of Egnyte’s global revenues by the end of 2014, the company will open its London-area European headquarters and plans to increase local hires by up to 100 staff over the next five years.
Egnyte, the Valley firm specialising in an enterprise file-sharing platform, has expanded in Europe, opening a London HQ. This will compliment its existing Amsterdam data center and design office in Poland. It aims to hire 100 new staff in London over the next 5 years. The company says there is growing customer demand for enterprise-grade file sharing which also addresses data security concerns. It says that recent revelations about PRISM and other widespread data breaches is driving European-based companies to look at higher-security cloud solutions. Many European businesses are reluctant to entrust their data to a US-based data center, hence Egnyte’s data center in Amsterdam.