SOURCE: Safend

Safend

April 28, 2009 09:00 ET

Frost & Sullivan Honors Safend With 2009 European Technology Innovation Award

PHILADELPHIA, PA and TEL AVIV, ISRAEL--(Marketwire - April 28, 2009) - Safend, a leading provider of endpoint data protection solutions, today announced that it is the recipient of the 2009 Frost & Sullivan European Technology Innovation Award in the field of enterprise endpoint security.

"After careful evaluation and research of the Safend technology we are pleased to recognize Safend for its pioneering efforts in developing the Digital Membrane™ Technology that helps companies protect sensitive data without sacrificing security and productivity," said Gaurav Sundararaman, research analyst at Frost & Sullivan. "Safend's innovative Digital Membrane Technology Platform has the potential to revolutionize the security industry and could pave the way for a new breed of enterprise security applications."

Safend's Digital Membrane Technology is the foundation of the Safend Protector and Safend Encryptor products' abilities to provide customers with port and device control and encryption for internal and external hard disks and removable storage and media. Safend's comprehensive data protection solution delivers complete visibility, control and protection of enterprise endpoints.

"We are honored to receive the 2009 European Technology Innovation Award in the field of enterprise endpoint security," said Gil Sever, Safend CEO. "In today's productivity-driven workplace, there are more laptops in use and an increasing number of devices connecting to the enterprise. Business and security executives are looking for solutions that maintain a balance between employee productivity while still ensuring data security. Safend is pleased to offer a comprehensive solution that makes this form of security possible -- out of the box at an attractive price."

Frost & Sullivan's Technology Innovation Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices in the industry.

About Safend

Safend is a leading provider of endpoint data protection solutions that protect against corporate data loss by offering comprehensive products for data encryption and port and device control. The Safend Data Protection Suite encrypts internal and external hard drives, removable storage and CD/DVDs and provides granular control over all physical, wireless and removable media devices, ensuring compliance with regulatory data security and privacy standards. With more than 1,200 customers worldwide and 1.7 million licenses sold, Safend's solutions are deployed by multinational enterprises, government agencies and small to mid-size companies across the globe. Founded in 2003, Safend is a privately held company funded by Elron Electronics (NASDAQ: ELRN) (TASE: ELRN), Intel Capital and Walden Israel. Safend is headquartered in Tel Aviv, Israel with U.S. headquarters in Philadelphia. For more information, visit www.safend.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.

Contact Information