ProSeed, Vertex invest in VoIP security co

The total funding for ViebSec was $800,000.

ProSeed Venture Capital Fund (TASE:PRSD) and Vertex Venture Capital have invested in new VoIP security start-up VibeSec Ltd. as part of an $800,000 financing round. The Office of the Chief Scientist invested $400,000.

ProSeed invested $75,000 in VibeSec for a 4.58% stake, fully diluted, in the company.

VibeSec is developing a suite of unified VoIP security, integrity, and fraud prevention solutions for the enterprise market.

Published by Globes [online], Israel business news - www.globes-online.com - on August 27, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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