Tag: Blancco

Lenovo and Blanco pair in data partership

Posted on February 8, 2024 by - News

Computer maker Lenovo has joined forces with data experts Blancco Technology Group to offer a new security service for businesses.

The service, part of Lenovo’s ThinkShield security package, lets firms permanently remove unwanted data from their networks, devices, and old IT gear.

Lenovo ThinkShield Data Erasure by Blancco helps firms cope with the massive amount of data that puts them at risk of cyberattacks, lawsuits, and hefty costs. It also reduces the hassle of keeping track, wiping, and reporting on all IT assets and storage devices.

Blancco has sold itself and is off the share market

Posted on December 6, 2023 by - News

Private equity firm, Francisco Partners has completed the all-cash acquisition of Blancco for representing an equity valuation of £175 million and taken the company off the share market.

For those not in the know, Blancco provides products for organisations to protect end-of-life data against unauthorised access, safely redeploy data storage assets, and comply with increased data protection and privacy requirements.

Blancco CEO Matt Jones said that since its founding 26 years ago, it has created and delivered innovative solutions, focusing on building a world-class data eraser and diagnostic software platform.

“We are pleased to partner with Francisco Partners, who are committed to continuing to build upon the company’s strong foundation and achieve its full potential. I want to thank each employee for their dedication to Blancco and contributing to our continued success,” he said.