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Indian Angel Networks invests in UK-based Ascema

This is IAN's fourth major investment in a UK based startup

BS REPORTER  |  Chennai 

Centre finds an ally in new-economy companies

Indian Angel Network (IAN) has made an undisclosed investment in UK-based Ascema, a disruptive technology solution for locating, securing and controlling the movement of sensitive data and intellectual property within cloud collaboration environments and email systems.

Nitin Jain and Nitin Singhal have led this round of investment on behalf of IAN and joined the board of the company.

This is IAN's fourth major investment in a UK based startup.

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Ascema has been developed by GeoLang Ltd. a wholly owned subsidiary of GeoLang Holdings Ltd, a business resilience and cyber security startup based in the UK.

GeoLang was awarded the title of UK and Working with UK Government research funding and a global manufacturing partner, Ascema is designed to meet the needs of business users to prevent the loss of high value content.

The company was founded byDebbie Garside and Lee Gillam to prevent high value data loss.

Debbie Garside, CEO and co-founder at GeoLang said "we are also already seeing added value in the leveraging of IAN member networks" IAN funds will be utilized to support GeoLang's Go to Market Strategy for Ascema and further expand the Sales Resource.

First Published: Thu, February 18 2016. 16:18 IST