# Socialware

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socialware

- Industry: Internet
- Headquarters: Austin, US
- Website: www.socialware.com
- Total disclosed funding: $11M
- Latest round: Series C (Aug 16, 2011)
- Investors on record: 4

## About

Socialware specializes in compliance risk management solutions, enabling organizations to navigate regulatory requirements across digital channels effectively. Their offerings support businesses in maintaining compliance with significant regulations such as FINRA and GDPR.Socialware was founded in 2009 and is headquartered in Austin, US. The company provides compliance solutions tailored for digital engagements and was acquired by Proofpoint, Inc. in November 2015. Thomas Burg, the founder and current CEO, has a history in managing digital compliance risks and leading innovative solutions in the field. Socialware has raised a total of USD 9.00 mn through various funding rounds, with the latest being a TRADE SALE to Proofpoint, Inc. in 2015, which marked the culmination of their fundraising efforts.Socialware provides a suite of digital compliance risk solutions that assist organizations in adhering to regulatory standards across web, social media, and mobile applications. Their products include monitoring tools for social media channels and content management systems designed to facilitate compliance with regulations from bodies like FINRA, SEC, and GDPR. Their clientele encompasses various sectors, particularly financial services, pharmaceuticals, and biotechnology, leveraging these solutions to engage customers in compliance with stringent regulations.Socialware's revenue model is based on subscription fees for its compliance solutions, focusing on business-to-business clients in regulated industries. Clients typically enter into contracts that define the subscription terms and scope of offered services. Transactions are structured as annual or multi-year agreements, enabling organizations to utilize Socialware’s compliance tools effectively. The core compliance solutions have proven essential for industries facing rigorous regulatory scrutiny, fostering long-term partnerships with clients while adapting to their evolving compliance needs.The company plans to leverage recent funding from its acquisition by Proofpoint to enhance its product offerings and expand into new geographical markets. There are initiatives underway to develop new compliance products in response to emerging regulations, although specific release dates have not been disclosed. Socialware is targeting expansion in Europe, particularly to navigate the complexities of GDPR, aiming for a strategic presence in this market by late 2023.

## Funding rounds

- Series C, Aug 16, 2011, $7M — G51, Floodgate, Silverton Partners, Morgan Stanley Expansion Capital
- Series A, Jun 8, 2010, $4.2M — G51, Floodgate, Silverton Partners

## Investors

- G51 (https://capitalatlas.ai/funds/g51) — Series A, Series C
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Series A, Series C
- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Series A, Series C
- Morgan Stanley Expansion Capital (https://capitalatlas.ai/funds/morgan-stanley-expansion-capital) — Series C