Spirion

About Spirion

Spirion operates as a data security and privacy software developer, providing solutions designed to discover, classify, and protect sensitive data for organizations. The company was founded in 2006 by David Goldman and Todd Feinman, who anticipated the future challenges of managing personal information on computers. Their professional backgrounds at PricewaterhouseCoopers and, for Feinman, also at Microsoft, provided them with deep insights into information security and enterprise server needs, which became foundational to Spirion's mission. Initially, the firm, first named Velosecure LLC, targeted consumers with a product to find and remove personal data from home computers.

The business model pivoted to serve the higher education sector, which managed vast amounts of personal data, providing a fertile ground for refining their discovery algorithms. A significant milestone occurred in 2015 when the company gained global recognition for its role in tracking lost data from the 2014 Sony breach, with its analysis used in a successful class-action lawsuit. This event solidified the company's focus on protecting the personal information of individuals affected by enterprise data breaches. In 2018, the private equity firm The Riverside Company acquired Spirion, injecting capital to fuel cloud platform development. This led to the appointment of Kevin Coppins as CEO in 2019 and the launch of the cloud-based Sensitive Data Platform in 2020.

Spirion's core offering is the Sensitive Data Platform (SDP), a comprehensive suite that addresses data governance through discovery, classification, and remediation. Its "AnyFind" algorithm is engineered to locate sensitive structured and unstructured data across hybrid environments—including on-premise systems, cloud repositories like Office 365 and Amazon S3, and endpoints—with a stated accuracy of 98.5%. The platform enables clients to enforce security policies, manage compliance with regulations such as GDPR and CCPA, and reduce their sensitive data footprint. Revenue is generated through sales of its software and platform, which is offered as both a SaaS solution and for on-premise deployment. Spirion serves a broad client base across sectors including healthcare, financial services, public sector, retail, and education.