IntellinX develops enterprise level IT security solutions.
Israeli start-up IntellinX Ltd. today announced that it raised $4 million in its first financing round. Australian investment group the Liberman Group and all the company’s previous investors - Ascend Technology Ventures, Elran (DD) Technologies Ltd. and SPL Software Ltd. - participated in the round.
CEO Orna Mintz-Dov and VP R&D Boaz Krelbaum founded IntellinX 18 months ago. The company develops enterprise level IT security solutions. The company is a spin-off of Sabra Tech, which was acquired by Software AG two years ago. IntellinX’s products are derived from Sabra Tech technology not acquired by Software.
The company’s solutions provide financial institutions with tools for meeting regulatory mandates and protecting against fraud. The company’s customers include financial institutions all over the world. In Israel, the company supplies products to Bank Leumi (TASE: LUMI), Mizrahi Tefahot Bank (TASE:MZTF), Leumicard Ltd. Isracard Ltd., the Postal Bank and Israel Electric Corporation (IEC). Foreign customers include GE Capital and InterEurope Bank Finance Company.
Published by Globes [online], Israel business news - www.globes.co.il - on October 25, 2006
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