Investment to Expand Covertix Global Sales Reach

EVEN YEHUDA, Israel, January 30, 2012 /PRNewswire/ --

Covertix, an innovative 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 Comsec Innovation.

Comsec Innovation is the investment arm of Comsec Group, a leading global provider of information security and risk management services for all market sectors. Comsec Innovation is focused on identifying and investing in new technology companies with innovative solutions dedicated to the cyber world. The investment in Covertix is the first in a series of investments that Comsec Innovation is planning for 2012.

"By protecting information itself at the file-level, Covertix closes many of the security and risk gaps left open by standard DLP solutions intended to protect enterprises and their networks," said Yoran Sirkis, Managing Partner at Comsec Innovation. "With the growing rate of cyber attacks occurring worldwide, we are pleased to make a strategic investment in the company and are working closely with Covertix to raise the awareness of its IRM solution among our global client base."

Covertix answers the growing need for information leakage prevention and sensitive data security by providing enterprise organizations with independent file-level security, surveillance and protection. The company's flagship product, SmartCipher™, is a file-level loss prevention and rights management application that secures and monitors confidential documents and sensitive data by traveling with the file inside and outside the organization. By doing so, Covertix provides enterprise organizations with the business agility to confidently share confidential information without being exposed to the risks of information abuse.

"We are proud to have attracted investment from Comsec," said Doron Zinger, CEO at Covertix. "We are currently accelerating our global sales and this strategic investment from Comsec significantly expands our sales reach and expands our access to opportunities, especially 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 - SmartCipher™ - 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.

Covertix solutions enable employees, business partners and 3rd party vendors to collaborate freely, while significantly reducing overall information risk with minimal interruption to organization's workflow.

The company is privately held and backed by various bodies in the investment community, among them: The Office of the Chief Scientist of Israel, Maayan Ventures, Kima Ventures, Mr. Amos Talmor and accredited angel investors.

For more information Covertix, please visit http://www.covertix.com.

About ComSec Innovations

Comsec Innovation is the investment subsidiary of Comsec Group, a leading provider of Information Security and Operational Risk services to organizations worldwide. Founded in 1987, Comsec operations provide a wide range of security services to all market sectors, all the while driven by a highly focused, synergetic business approach.

For more information: http://www.comsecinnovations.com.  

Covertix Press Contact
Tony Miller
United States: +1-617-418-3024
Israel: +972-544-870-808
tony@noteyamedia.com

ComSec Group Press Contact
Karine Regev
Israel: +972-525-942-890
karinr@comsecglobal.com

SOURCE Covertix Ltd

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