Israel Digital News

Smart phone compliance and data leak prevention solution provider Onset Technology has secured $3 million in a funding round from Cedar Fund, The Challenge Fund and Jerusalem Global Ventures. Onset will use the capital to expand its support of METAmessage Advanced Compliance Tool (ACT) for BlackBerry smart phones and introduce new versions of ACT for iPhone, Windows Mobile and Symbian devices.

ACT allows organizations to scan, block and archive all wireless communications to keep companies compliance under regulations like SEC, NASD, Sarbanes-Oxley, HIPAA, FINRA and more. The company’s solutions are available from all major US wireless carriers.

“Wireless compliance is a new and increasingly important challenge for large organizations,” said Ronen Yehoshua of the Cedar Fund. “Smart phones are evolving into a laptop replacement communications tool, meaning that companies must expand compliance controls from the desktop to smartphones. We firmly believe that Onset Technology has a breakthrough smartphone compliance and data leak prevention solution that will help enterprises save money and hassle by keeping them covered on compliance.”

Onset Technology develops software solutions for wireless messaging compliance, data loss prevention, emergency communications and mobile device management. Onset’s METAmessage Wireless platform serves more than 1,400 enterprise, government, health care and emergency services clients globally. Onset was founded in 1997 and is headquartered in Waltham, Massachusetts, with a research and development center in Herzliya Pituach, Israel, and offices in New York, Washington, and California.

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