File sharing security co WatchDox raises $9m

Blackstone joined Gemini, Shlomo Kramer, and Shasta Ventures in the round.

File sharing security solutions developer WatchDox Inc. has raised $9 million from its chairman, Shlomo Kramer, Gemini Israel Funds, Blackstone Inc. (NYSE: BX), and Shasta Ventures. Blackstone has also adopted the company's solution to access, share and control sensitive documents on any device, including iPhones and iPads.

WatchDox is based in Silicon Valley and Petah Tikva. CEO Moti Rafalin and VP products Noam Livnat co-founded the company. It says that 500 enterprises worldwide, including top-10 global financial institutions, government agencies, and Fortune 500 companies use its solutions.

Blackstone managing director and CTO William Murphy said, "In our business, the value of proprietary information cannot be overstated. One of the most appealing aspects of the WatchDox solution is knowing that the security travels with the document. This allows us to track its journey and revoke access at anytime, even if it ends up saved to a thumb drive or accidentally sent to the wrong recipient via email."

Rafalin said, "As a company that deals with highly-sensitive information on a daily basis, Blackstone had a truly innovative vision for providing its partners, portfolio companies, public boards, employees and its own board members with secure access to the firm's sensitive information from any device, anywhere. Our partnership with Blackstone both as a customer and as an investor validates our mission to provide a unique market solution and provides WatchDox with a vote of confidence in our strategy and product offering."

Published by Globes [online], Israel business news - - on March 11, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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