Datacastle Raises $2M in Venture Capital for Channel Expansion

SEATTLE, Feb. 8, 2011 /PRNewswire/ -- Datacastle®, a market leading provider of mobile workforce data protection solutions, today announced completion of a $2 million financing. The company's latest funding round is led by CM Capital and Haag Ltd., both of Australia. The financing comes on the heels of several recently-announced agreements including relationships with Seagate i365, Systemax MISCO Germany, and Computerlinks to distribute Datacastle's endpoint backup and data protection solution – Datacastle RED™.

"We are very excited about the adoption we are seeing for our Datacastle RED laptop backup and data protection software as companies seek to modernize their backup and data protection strategies," said Ron Faith, Datacastle President and CEO. " Businesses are coming to appreciate that they are one lost laptop away from having their own Wikileaks moment."

"We are enthusiastic about our investment in Datacastle and this rapidly growing market opportunity," said Mark Gill, Partner, CM Capital. "Datacastle's flexible, friction-free approach is being recognized by customers and channel partners as the best way to protect the mobile workforce from damaging data loss and data breach incidents."

Datacastle RED provides policy-driven automatic backup, remote data deletion, at rest encryption, port access control, and device trace in a single, unobtrusive agent for Microsoft Windows and Apple Mac OS X devices. Datacastle RED can be operated as an on-premise private cloud service or in public cloud infrastructures such as Microsoft Windows Azure or Amazon Web Services.

About Datacastle

Datacastle empowers IT to enforce data protection, access and control policies while exceeding compliance requirements. Listed in Gartner's Hype Cycle for Storage Technologies, 2010, Datacastle RED is the only solution to integrate multiple endpoint data protection technologies into a single unobtrusive agent. To learn more about Datacastle RED, visit http://www.datacastlecorp.com, follow us on Twitter @Datacastle, or call 425-996-9684.

About CM Capital

CM Capital is a pioneer of the Australian venture capital industry and seeks investments with global market opportunity. CM Capital invests primarily within the life science, telecommunications/IT and renewable energy industries. For more information, visit http://www.cmcapital.com/.

SOURCE Datacastle