Safend News
5 articles
growth-positive
חברת סייפנד, מקבוצת סופרקום, מגנה על המידע בארגון שלך
SuperCom, a global provider of secure solutions for identification, tracking, and data security, has introduced a data protection package called Safend. The package is designed to protect data in organizations and companies around the world. Safend encrypts data comprehensively, controls devices, and provides solutions for handling. The companys advanced technology serves tens of thousands of customers in the fields of identification, tracking, and data security. Safend has been installed in government agencies, international organizations, large health organizations, and small to medium-sized companies around the world.
Customers
growth-positive
SuperCom Acquires Cyber Security Company Safend Ltd.
SuperCom has acquired Safend, a global data security company, in line with its strategy to offer complementary security products and solutions. Safend provides endpoint data protection and has over 3,000 customers worldwide. The acquisition will provide SuperCom with new technology and an established customer base, unlocking new opportunities and strengthening its Cyber and Data Protection capabilities. Safends average annual revenue was approximately $5 million. SuperCom will provide Safend up to $1.5 million of working capital to support its activity and growth. The level of annual revenues from Safends products in the near future is uncertain but expected to grow after absorption into the new sales channels.
Acquisition
growth-positive
Wave Systems acquires data loss protection co Safend for $12.8m
Wave Systems has acquired data loss protection company Safend for $12.8 million. $21 million was invested in Safend by IDB Holding Corp. Ltd., Elron Electronic Industries Ltd., Walden Israel, and Intel Capital. The acquisition includes Safends technology, which provides port and device control, encryption for removable media, content inspection, and discovery. Wave Systems sees strong cross-selling opportunities in the healthcare, financial, and government sectors. Safends reseller channel and presence in Europe and the Middle East provide new sales resources and access to new market opportunities for Wave Systems. Safend has 70 employees in Tel Aviv and Philadelphia. The acquisition was completed on September 25, 2011.
AcquisitionInvestment
Safend secures $9M in venture funds - Philadelphia Business Journal
growth-positive
End-point security solutions co Safend raises $7.4m
Israeli company Safend Ltd. has closed a $7.4 million financing round, with $3.7 million invested by new investor Elron Electronic Industries and the remainder invested by existing shareholders Intel Capital and Walden Israel Venture Capital. Safend develops comprehensive endpoint security solutions that enable organizations to adopt new technologies without sacrificing security. The companys solutions provide enterprises with visibility and control over the devices users connect to their desktops and laptops. Elron CEO Doron Birger expressed confidence in Safends potential for success. Safend was founded in 2003 and is headquartered in Tel Aviv, with additional offices in Philadelphia.
Investment
