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Bethel Finance news:
Information rights management (IRM) solutions developer Covertix Ltd. has raised several hundred thousand dollars from Comsec Innovation, the investment arm of Israeli information security and risk management firm Comsec Consulting Inc., in a strategic investment.
Covertix was founded by Alon Samia and CTO Tzach Kaufman in 2006 at Iris Venture, the Sde Boker technology incubator in the Negev. It is currently based in Even Yehuda near Netanya. The company raised $1 million from Kima Ventures in its previous financing round in December 2010.
Covertix CEO Doron Zinger said, "We are currently accelerating our global sales and this strategic investment from Comsec significantly expands our sales reach and expands our access to opportunities, especially in Europe."
Covertix's flagship product, SmartCipher, is a file-level loss prevention and rights management application that secures and monitors confidential documents and sensitive data by traveling with the file inside and outside the organization. This meets enterprises' growing need to prevent leaks of sensitive data by providing independent file-level security, surveillance and protection
"By protecting information itself at the file-level, Covertix closes many of the security and risk gaps left open by standard DLP solutions intended to protect enterprises and their networks," said Comsec Innovation managing partner Yoran Sirkis. "With the growing rate of cyber attacks occurring worldwide, we are pleased to make a strategic investment in the company and are working closely with Covertix to raise the awareness of its IRM solution among our global client base."
Comsec Innovation says that the investment in Covertix is its first in a series of investments planned for 2012.
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