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02/20/2008
Safend secured $9 million from European asset management firm, Elron, Intel and Walden
Endpoint data leakage prevention solutions provider Safend has secured $9 million in a round of funding from European asset management firm as well as Safend's existing investors, Elron, Intel Capital and Walden Israel Venture Capital. The new funding enables Safend to accelerate new product development, and to continue growth through strategic partnerships and distribution channels worldwide.
Safend solutions protects confidential data stored on enterprise PCs and laptops by monitoring the transfer of sensitive data and controls access to removable storage devices and wireless communication ports. The company has acquired more than 650 customers worldwide.
Safend was founded in 2003 by Gil Sever, the company CEO. The privately held Israeli startup is headquartered in Tel Aviv with US headquarters in Philadelphia.
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15:40 Posted in Database Security | Permalink | Comments (0) | Email this | Tags: Gil Sever, Safend, data leakage prevention solutions, removable storage devices