Endpoint virtualization security solutions provider Neocleus raised $11.4 million

noreply@blogspirit.com (ARPU~UP) — Fri, 20 Jun 2008 18:25:00 +0200

Endpoint virtualization security solutions provider Neocleus has raised $11.4 million in Series B financail funding led by Battery Ventures and Gemini Israel Funds.

Neocleus applies security virtualization solutions to desktops and laptops, which enable critical IT tasks to operate in isolated, trusted virtual environments with complete access to the capabilities offered by the underlying endpoint hardware.

In May 2008 the company launched its Desktop Hypervisor Framework, an endpoint hypervisor enhancement to the Xen server hypervisor that the company will be contributing to the open source community to foster an ecosystem of innovation. In early June Neocleus announced Trusted Edge, the first in a suite of virtual software appliances that allows for secure access to corporate resources regardless of the endpoint’s location or state of security.

“Endpoint challenges have grown exponentially as the number of different user scenarios have increased and evolved, introducing new complexities and new IT requirements,” said Adi Pundak-Mintz, General Partner, Gemini Israel Funds.” Neocleus’ solutions address this burgeoning market with a strong vision, technology innovation, solutions and a proven management team.”

Neocleus was founded in 2006 by Ariel Gorfung (CEO) and Etay Bogner (CTO). Gorfung recently served as the CEO of Intuwave, a provider of connectivity middleware to the Symbian mobile operating system. Prior to joining Intuwave, Gorfung co-founded e-Sponsor, which was acquired by Intuwave in October 2000. Bogner was the co-founder of and managing director of SofaWare, which Check Point Software acquired a majority share. Neocleus headquartered in New Jersey, UA, and its R&D center located in Tel Aviv, Israel.

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Endpoint security solutions provider ControlGuard protects credit card issuing company Leumi Card

noreply@blogspirit.com (ARPU~UP) — Wed, 29 Mar 2006 09:30:00 +0200

ControlGuard, a leading provider of endpoint security solutions, announced that Leumi Card, an Israeli credit card issuer, has selected ControlGuard for maintaining customer data confidentiality by enforcing endpoint policies set by the organization.

Following various incidents of critical leaks from other financial companies, Leumi Card started a search for an endpoint security solution, in order to maintaining customer data confidentiality. Prior to the ControlGuard solution, Leumi Card handled security issues by implementing basic measures such as blocking USB ports and prohibiting the use of CDs. This protection proved insufficient for an organization where data security is so sensitive.

“There are two major issues that can be resolved by using ControlGuard: Information leak prevention from within the organization and control over the uploading of data files into the organization” said John Kamni, director of information security at Leumi Card. "The system allows blocking of various memory storage devices and prevents the unauthorized use of CDs. The ControlGuard endpoint access manager solution enables Leumi Card to provide a response to a dual problem, control of outgoing information from the organization by preventing the general use of various media and the prevention of the introduction of files into the organization.”

ControlGuard is a leading provider of enterprise-grade security solutions that protect, manage and secure enterprises from endpoint vulnerabilities such as security breaches, information leakage and data theft. Earlier this month the company launched of its third generation technology, providing a management platform for removable media and portable storage devices. The third-generation solution includes: extended management capabilities, which provision and track the use of removable media; Enhanced endpoint security policies that allow networks to evoke device-specific policies to manage desktop, laptop and mobile devices, and expanded support for wireless USB and U3.

"Out of the 51.7 million USB flash drives that shipped in 2004, 68 percent of USB flash drives were purchased through the consumer channel – meaning most enterprises are uncomfortable with managing the risk from these products,” said Joseph Unsworth, senior research analyst at Gartner. “USB flash drives, portable devices, and other removable media can leave companies vulnerable to malware, viruses and data theft since they can quickly store lots of content, unnoticed, posing significant consequences for companies.”

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Endpoint virtualization security solutions provider Neocleus raised $11.4 million

Endpoint security solutions provider ControlGuard protects credit card issuing company Leumi Card