Private equity firms are investing in the ITAD data security sector, seeing it as a growing market. Blancco’s acquisition by Francisco Partners and Guardian Data Destruction’s capital injection from Housatonic Partners exemplify this trend. These investments aim to capitalize on increasing corporate data security concerns and compliance needs. The ITAD data security market, dominated by Blancco, is difficult to assess in size due to the prevalence of small, private firms. However, a Compliance Standards assessment leads to a market valued at about $33-$35 million per year. This small figure is prompting data security solution companies to go after the enterprise market, creating fresh opportunities, fueled by investments from private equity firms such as Francisco Partners and Housatonic Partners, who are seeking to capitalize on increasing corporate data security concerns and compliance needs. While the market of enterprise data security during decommissioning is a promising one, investments made by private equity firms are not guarantee of success. Remember HiTech and CircleIT? So how prepared are companies like Blancco and Guardian Data Destruction? How do they compare versus the likes of Certus, Jetico, Ultra-X, FutureDial, and Blackbelt360.
Tracking Market Conditions
Market Snapshot: Private Equity Firms Fueling ITAD’s Data Security Sector
Private equity firms are investing in the ITAD data security sector, seeing it as a growing market. Blancco's acquisition by Francisco Partners and Guardian Data Destruction's capital injection from Housatonic Partners exemplify this trend. Continue reading below.
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Analyst/Author: David Daoud | Analyst
David Daoud has researched the mainstream IT hardware market since 1996 and expanded into hardware disposition research in 2003. He has spearheaded the creation of IDC’s GRADE certification. Since then, David has been providing consulting and expert advice to companies looking to establish best practice in their IT equipment decommissioning and helped leading ITAD service providers assess demand, understand competition, and forecast what’s to come. David is currently the Principal Analyst at Compliance Standards, which focuses entirely on the end-of-life of IT equipment. He can be reached at 508-981-6937 or at ddaoud@compliance-standards.com
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