SOURCE: Safend

June 06, 2007 08:00 ET

Safend a Finalist in IVA/Red Herring Start-up Competition

TEL AVIV, ISRAEL and PHILADELPHIA, PA--(Marketwire - June 6, 2007) - Safend, an international provider of corporate endpoint information leakage prevention (ILP) solutions, announced today that it has reached the final round of this year's Israeli Start-Up Competition. The contest, co-hosted by Red Herring magazine and the Israel Venture Capital Association (IVA), recognizes the most promising Israeli start-up companies and bestows awards based on the organization's vision, technological achievements and market leadership. Safend is one of three finalists in the running for winner within the Software and Internet category.

Safend markets Safend Auditor and Safend Protector software solutions. Safend Auditor scans corporate networks to identify all devices that are or have been connected to organizational laptops and PCs, pinpointing potential vulnerabilities. Safend Protector prevents data loss or theft by controlling access to the wireless and physical ports of enterprise endpoints. Safend Protector also recognizes and alerts users and IT administrators to the transfer of specific file types and can monitor the transfer of data from USB storage devices, even when they are used outside the enterprise.

"Safend is laser-focused on developing solutions that keep our customers' data secure," said Safend's CEO, Gil Sever. "We are honored that two such respected organizations recognize our efforts as we continue momentum toward established leadership in endpoint information leakage protection."

Safend will be in attendance when the finalists are presented and winners announced during the IVA Hi-Tech Conference in Tel Aviv, Israel June 10-11, 2007. Profiles of the winners will be available in Red Herring magazine's Award Edition.

ABOUT SAFEND

Safend is a leading provider of endpoint Information Leakage Prevention solutions that protect against corporate data loss and theft via detachable storage, removable media and wireless network connections. Safend solutions also facilitate the enforcement of regulatory compliance requirements such as SOX, HIPAA, PCI and Basel II. Safend's award winning products, available internationally through resellers, are deployed by financial institutions, healthcare organizations, and government agencies as well as large enterprises and small to mid-size companies worldwide. Safend is a privately held company founded in 2003, and is headquartered in Tel Aviv with offices in Philadelphia. For more information, visit www.safend.com.

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