Cyber security co Secure Islands raises $12m

The investment from Credit Suisse NEXT Investors will allow the company to expand in North America and Europe.

Cyber security company Secure Islands Technologies has raised an undisclosed sum from Credit Suisse NEXT Investors, LLC, the venture capital arm of the Swiss bank. Israeli media reports believe the investment totaled $12 million. The investment will allow the company to continue its expansion in North America and Europe as it works with corporations to protect their most sensitive data.

Secure Islands CEO and co-founder Aki Eldar said, The investment by Credit Suisse NEXT Investors is a landmark event for us as we continue to build out our business in target regions. Our relationship with Credit Suisse NEXT Investors validates our strategy and mission to provide a unique market solution to all of our clients.

Based in Beit Dagan near Tel Aviv and founded in 2006, Secure Islands protects unstructured data throughout its lifecycle - from content creation through collaboration to storage. Unlike traditional solutions that deal mainly with the enterprises perimeter, and focus only on its entry and exit points, Secure Islands flagship product, IQProtector, offers a new paradigm. Preforming data immunization on each and every file, it provides full protection for sensitive data whether it is at rest, in motion or in use - on the organizations premises, on mobile devices or in the cloud. With Secure Islands technology, CISOs and IT professionals make sure that organizational security policies are enforced, while making the data fully accessible to authorized users, regardless of where it resides.

Published by Globes [online], Israel business news - www.globes-online.com - on September 17, 2014

Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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