Kiteworks, a leading provider of data privacy and compliance solutions through its Private Content Network (PCN), has announced its acquisition of 123FormBuilder, a Romanian company known for its secure web form solutions. This strategic move is set to enhance Kiteworks' capabilities in managing sensitive data across various communication channels.

Acquisition Details

On September 5, 2024, Kiteworks revealed that it had acquired 123FormBuilder, a platform specializing in secure, no-code web forms. The acquisition aligns with Kiteworks' mission to bolster its Private Content Network by integrating advanced data collection and form-driven workflows. This follows Kiteworks' recent $456 million growth equity investment, which aims to accelerate its market presence and technological development through strategic mergers and acquisitions.

123FormBuilder's Offerings

123FormBuilder, founded in Timisoara, Romania, provides a versatile platform for creating secure web forms. These include registration forms, order forms, surveys, and more. The platform supports no-code, drag-and-drop form creation with features such as conditional logic, e-signature functionality, multipage forms, and integrations with over 45 popular tools like Salesforce, Stripe, Shopify, and HubSpot. The acquisition will integrate 123FormBuilder's capabilities into Kiteworks’ ecosystem, enhancing data collection and management for users.

Strategic Impact

The integration of 123FormBuilder into Kiteworks' Private Content Network is expected to centralize tracking, control, and security of sensitive content communications. By consolidating audit logs and streamlining compliance tracking, the acquisition will provide 123FormBuilder’s customers with a unified platform that enhances both security and operational efficiency.

Amit Toren, Senior Vice President of Corporate and Business Development at Kiteworks, expressed enthusiasm about the acquisition, noting that 123FormBuilder’s focus on security and compliance complements Kiteworks' vision. Florin Cornianu, CEO of 123FormBuilder, also highlighted the alignment of the company’s long-term goals with Kiteworks' broader objectives, emphasizing the benefits of joining forces to drive innovation and enhance security.

The acquisition of 123FormBuilder represents a significant step for Kiteworks in expanding its data privacy and compliance solutions. By integrating 123FormBuilder’s advanced web form capabilities into its Private Content Network, Kiteworks aims to offer a more robust and secure platform for managing sensitive data. This strategic move underscores Kiteworks' commitment to enhancing its technological offerings and growing its market presence through targeted acquisitions.