<ul><li>Egnyte, a SaaS leader in content management, has been sold to private equity for $1.5 billion after 18 years.</li><li>The CEO, who has been with the company since its inception, will continue in the role.</li><li>The company has achieved consistent 20-25% growth once at scale, with estimated annual recurring revenue (ARR) of around $250 million.</li><li>Egnyte raised $137 million in venture capital and had a last round valuation of $460 million.</li></ul>

Egnyte Sells to Private Equity for $1.5 Billion after 18 Years. Slightly Slower and Steady Wins, Too.

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