Quarri Announces $3M Series B to Expand into North America

Earlier this month, Quarri™ Technologies, the leading provider of on demand web information security solutions, announced a $3 million Series B round of financing led by Houston Angel Network (HAN) and supported by Daylight Partners and other Texas angels. Formerly known as Quaresso, Quarri will use the funds to accelerate expansion into the North American market with its flagship product, Protect On Q.

Since its inception three years ago, Quarri has experienced significant growth in Europe, particularly within the manufacturing, pharmaceutical and financial services markets. With the recent addition of Bill Morrow as Quarri’s new executive chairman, and his more than 20 years of business foundation and leadership experience, the company is on track to establish strong brand recognition both in the U.S. and abroad, a brand identity associated with providing solid, selective and secure technologies.

Quarri’s products provide web content and data security at the endpoint by enabling organizations to secure and control web sessions at any time, wherever they are and without the need for additional hardware or software. With Quarri’s Protect On Q, organizations of all sizes and across industries can mitigate risk and ensure compliance—including PCI, SOX and other regulatory measures—with data leakage protection from malware and user activities, and from browser-launched processes like Adobe Acrobat or Microsoft Office.

“Web-based threats today are targeting the end-user, the sometimes unknowing weakest link, that can cause significant data loss for companies,” said Morrow. “Organizations across industries have key, high-value data that must be secured to protect their brand and reputation. Our award-winning Protect On Q product secures data in a flexible and seamless manner, providing these organizations with the peace of mind that their sensitive data is secure. With this round of funding, we can expand our global presence and offer our best-of-breed technology to organizations in North America.”

Joining Morrow at Quarri is Carter McCrary, who was named executive vice president of business development. With more than 25 years of business leadership experience, including founding and serving as a top executive at a variety of companies, McCrary will be responsible for leading Quarri Technologies’ new business endeavors.

Additionally, Stuart Jackson, vice president and head of L.E.K. Consulting’s Chicago office, has been named to the Quarri board of directors. He will join Bill Morrow, executive chairman, Quarri; Andrew Clark, Houston Angel Network; Thomas Oertli, chairman, Wizlynx Group; and Mark Elliott, founder and executive vice president of products, Quarri.

Quarri’s headquarters have also been relocated to 7500 Rialto Boulevard in Austin, Texas.