Silicon Valley enterprise file-sharing company Egnyte has chosen to open its European headquarters in London.
Egnyte, which is backed by Google Ventures and competes with the likes of Box and Huddle, will initially house 25 people in its new City of London office across sales and marketing roles when it opens this summer. The number of staff is set to expand to 100 over the next five years.
Egnyte’s hybrid file-sharing technology allows businesses to securely access, share and store their business files, from any device at any time. For European businesses reluctant to entrust their data to a US-based data centre, customers can opt to use Egnyte’s data centre in Amsterdam for the files they choose to put in the cloud.
Vineet Jain, Egnyte CEO, said: “Our expansion from Silicon Valley to the most vibrant tech hub in Europe is being driven by our customers. Some of the earliest adopters of cloud storage are in the UK and these are among our most demanding customers in terms of security and bandwidth needs. It makes great sense for us to bring the advantages Egnyte offers in terms of on or off-cloud storage and ‘grown up’ enterprise capabilities right to their doorstep.”
Since the company was incorporated in 2004, it has signed up 40,000 customers.
European customers, which include M&C Saatchi, Mothercare, Red Bull and Oxford University, contributed 15 percent of Egnyte’s global revenues in 2013 but the company anticipates this will rise to 20 percent by the end of the year.
To drive the company’s European efforts, Egnyte has hired EMC VP for sales in EMEA, Mark Rattley, as vice president and general manager for Egnyte Europe.
Egnyte also has a design and engineering team of 25 people in Poland focused on developing the company’s technology, with a particular focus on building new features and improving its security.