SOURCE: Confidela, Inc.

Confidela, Inc.

January 13, 2010 08:45 ET

WatchDox Sees Traction With Virtual Data Room Customers

SaaS Document Control Solution Gives Users a Shared Document Repository Offering Unprecedented Ease of Use and Security When Exchanging Sensitive Data

MOUNTAIN VIEW, CA--(Marketwire - January 13, 2010) - Confidela, developer of WatchDox, a software-as-a-service (SaaS) document control, tracking and protection solution, today announced that it has added a large number of new Virtual Data Room customers in the last quarter, ranging from semiconductor and pharmaceutical to entertainment companies. WatchDox Virtual Data Room is an easy-to-use, secure, shared document repository that allows parties to maintain full control over documents throughout their entire lifecycle, providing granular document tracking and an audit trail.

Virtual Data Rooms, sometimes called Virtual Deal Rooms, are often used to perform due diligence activities by multiple parties prior to investment or mergers and acquisitions, by allowing the parties to upload and review documents pertinent to the deal. The WatchDox Virtual Data Room stands apart in providing unmatched ease of use and advanced document controls. It is used to facilitate the ongoing or ad-hoc sharing of information, internally within a company or externally between companies, partners or customers.

With WatchDox Virtual Data Room, users can granularly limit a document's distribution by controlling who can view, edit, print or forward it, placing watermarks, setting expiration dates and revoking document access at any time, even after the recipient has accessed or downloaded it. Confidela also announced new WatchDox Virtual Data Room functionality, offering increased manageability and support for larger deals and customers, including:

--  Directory structure: Documents in the repository can now be assigned
    to different folders.
--  Bulk upload function: Grants users the ability to upload a large
    number of documents at once (available in Q1).
--  Additional features: Streamlined interface, enhanced performance and
    other improvements.
    

"Existing Virtual Data Rooms do not provide a comprehensive document control system," said Ori Aruj, vice president of marketing at Dune Networks, a semiconductor company and Confidela customer. "These solutions leave sensitive documents exposed, and they are pricey and complex. WatchDox provides a complete, secure document control and sharing platform with encrypted document transactions and full audit trail -- indicating who has viewed, printed or forwarded each document."

"We needed to easily and securely share sensitive manufacturing documents. WatchDox presented significant cost savings compared to other industry solutions, exceeding our expectations the minute we deployed it," said Caryn Crasnick-Maloney, senior manager, HR and Operations of Mersana Therapeutics, Inc., a pharmaceutical company. "WatchDox provides our company with the Virtual Data Room functionality that we need, extending that value with its extreme ease of use and convenience. Its ability to provide an audit trail of a document's lifecycle so we know who has accessed and printed each document is beneficial to our ongoing operations."

"WatchDox helps organizations gain a comprehensive document control platform so communication is controlled at all times," said Moti Rafalin, CEO and co-founder of Confidela. "We are committed to providing an easy to implement, yet comprehensive, solution with strong protection for document owners to feel comfortable sharing data and confidential information."

WatchDox Resources:

-- WatchDox Virtual Data Room

-- WatchDox Online Demo

-- WatchDox Product Information

About Confidela

Confidela provides businesses and individuals with hassle-free document control, tracking and protection services to facilitate the sharing of sensitive documents with customers, partners or suppliers. Confidela's flagship product, WatchDox, is the easiest way for organizations to send documents securely. Privately held, Confidela is venture capital backed by Gemini Israel Funds and Shlomo Kramer (co-founder of Check Point and Imperva). Confidela is headquartered in Mountain View, California, with offices in Tel Aviv, Israel. For more information, please visit http://www.watchdox.com.

Contact Information

  • For more information, please contact:

    Katie Sullivan
    Metis Communications
    617-236-0500
    Email Contact