New collaboration expands innovation focus on compliance and security for modern chat, video, and voice compliance
Theta Lake, a leader in modern collaboration security and compliance solutions, today announced with Wells Fargo & Company (NYSE:WFC) that Theta Lake has joined the Wells Fargo Startup Accelerator, a portfolio of startup companies that develop solutions across a broad set of domains including customer experience, payments, marketing, risk and regulation, climate change, and security.
“Having a game changing compliance disruptor like Theta Lake join the Wells Fargo Startup Accelerator gives them access to the expertise and scale of Wells Fargo to drive effective innovation to businesses,” said John Bradford, Global Head of Enterprise Collaboration, Wells Fargo. “Modern chat, video, and voice collaboration tools have become primary communication and information sharing vehicles for organizations like Wells Fargo. Theta Lake will allow us to further expand our ability to introduce additional innovation around compliance and security for the next generation collaboration toolsets as this is something we have done and continue to do. We look forward to collaborating with Theta Lake and we welcome them to the Wells Fargo Startup Accelerator.”
With more than 40 collaboration tool integrations and multiple patents pending and granted as well as customers in the United States, United Kingdom, Canada, and Australia, Theta Lake is demonstrating rapid growth around its innovative technology.
“We’re excited to work with the Wells Fargo Startup Accelerator team to more broadly bring our innovative security and compliance solution to the market,” said Devin Redmond, CEO and co-Founder of Theta Lake. “As a forward-thinking financial institution, Wells Fargo recognizes the increasingly important need to reimagine how regulated firms think about compliance when using modern collaboration platforms and that purpose-built technology will allow Theta Lake customers to proactively close that gap.”
Now in its sixth year with 28 portfolio companies, the Wells Fargo Startup Accelerator focuses on advancing emerging technologies in pursuit of breakthroughs for financial services. Startups are eligible to receive up to $1 million in funding, along with guidance from Wells Fargo business and technology leaders to help refine and scale their solutions. The program has received more than 3,500 applications from innovative companies in more than 100 countries since the program’s inception. Applications can be submitted throughout the year at www.acceleratorapply.wf.com.