News
Covertix Attracts Investment from Kima Ventures
January 2011 by Marc Jacob
Covertix, a provider of Information Rights Management (IRM) solutions for sensitive data file-level protection and control, today announced that the company has secured strategic investment from Kima Ventures.
The funding will be used by Covertix to enter the growing European market, strengthen its product offering and boost its international sales and marketing outreach.
Kima Ventures is a French-based venture capital fund that focuses on strategic investments in early stage technology companies around the world. Kima Ventures was founded and is managed by prominent European entrepreneurs, Xavier Niel, the founder of French communications services providers Iliad and Free, and Jeremie Berrebi, who has founded numerous successful technology and internet companies.
Covertix answers the growing need for information leakage protection and sensitive data security by offering independent file-level surveillance and control. The company’s flagship product SmartCipher™ protects sensitive data wherever it goes - both inside and outside the organization even when used by 3rd parties, stolen or lost. Covertix recently began implementing the SmartCipher™ data security solution at selected enterprise customers in Europe.
About Covertix
Covertix develops solutions to equip enterprise organizations with independent file-level surveillance and control, protecting sensitive data, inside and outside the organization. Covertix’ flagship product SmatCipher™, secures and monitors confidential and sensitive documents, by automatically tagging digital assets according to file context and content, continuously tracking and securing files, at any point or method of usage.
