SOURCE: Watchful Software

Watchful Software

September 09, 2014 08:00 ET

Watchful Software Closes Expansion Capital Round to Fuel Continued Growth

Investment Will Support Global Expansion of the Company's Data-Centric and e-Biometrics Solutions

MEDFORD, NJ and LISBON, PORTUGAL--(Marketwired - Sep 9, 2014) -  Watchful Software, a leading provider of data-centric information security solutions, announced today that it has received an equity investment from Hudson Fairfax Group, LP, a strategic investment firm with offices in New York, Washington, DC, and London specializing in business development, sales acceleration, and financial management of high growth companies in the cybersecurity sector. Hudson Fairfax joins existing investors Critical Ventures, SA and SGPS, SA in the cybersecurity software company.

Watchful Software delivers cutting-edge solutions in the realm of information protection, exemplified by its flagship product RightsWATCH, a layered information protection solution that keeps sensitive/confidential data safe and secure regardless of where it is, or who has access to it, even if it's outside the secure network perimeter.

"Taking on Hudson Fairfax as our equity partner has far deeper implications than that of the normal VC operation providing capital to emerging technology companies. The HFG team and extended network have global reach and extensive experience in tackling security and technology issues in key sectors, and will immediately help to greatly accelerate our business plans worldwide, taking Watchful to the next level of success," explains Watchful Software CEO, Charles Foley. "This market demand for RightsWATCH has exceeded all expectations, and this additional capital will allow us to expand our global reach into strategic markets, while helping organizations keep their confidential information safe and secure from leakage, breach, and misuse."

In conjunction with the financing round, Manish Thakur and Katherine Priestley of Hudson Fairfax Group will join the Watchful Software, Inc. Board of Directors immediately.

"We're excited about this investment, as Watchful addresses one of the most pressing information security issues facing businesses, both large and small, today" said Manish Thakur, Managing Partner of Hudson Fairfax Group. "Watchful's flagship offering, RightsWATCH, has received tremendous market accolades for its ability to identify, classify, mark/tag, and protect virtually any type confidential information without any human intervention, right at the moment of creation. In today's world of data leaks and breaches, this has the potential to be the holy grail of cybersecurity."

The company's key technologies include RightsWATCH, a data-centric information security solution, and TypeWATCH, an advanced persistent e-Biometric software solution. The flagship product is RightsWATCH, a state-of-the-art information security solution that ensures that sensitive information can only be used by those that have express authority to do so. Even if sensitive data is leaked, it is rendered useless to unauthorized parties that may acquire it through any means. RightsWATCH enforces an organization's information security policy seamlessly and dynamically, allowing use of sensitive/confidential data only by those who possess the credentials on a "need to know" basis, thereby protecting data privacy, reducing liability, and ensuring regulatory compliance.

"We're excited to have an equity partner with both the depth of operational experience and the breadth of the global network of contacts that Hudson Fairfax brings to the table. It's an unusual and powerful combination, bringing significant resource to an emerging category leader such as Watchful," added Joao Carreira, Managing Partner of Critical Ventures, SA.

About Watchful Software
Watchful Software was formed in 2012 to address the requirement to protect an organization's most critical asset after its people -- its information. The company is staffed by industry executives with decades of systems, software, networking, security, and compliance experience to address the growing need for protecting sensitive and proprietary information against accidental or malicious theft, leakage, or loss. Leveraging key technologies including advanced encryption algorithms, digital rights management, and e-Biometrics, Watchful Software has developed a suite of solutions that ensure only authorized personnel have access to enterprise systems or can handle sensitive information, thereby protecting against the massive economic and competitive damage often done by cyberterrorists and information thieves. Learn more at www.watchfulsoftware.com.

About Hudson Fairfax Group
Hudson Fairfax Group LP is a strategic investment firm with offices in New York, Washington and London, specializing in business development, sales acceleration, technology planning and financial management of high growth companies in cybersecurity, analytics, intelligence, and networks. Unlike most traditional financial investors, HFG seeks to directly contribute to the top line revenue growth of companies in which it invests. HFG's business development team is drawn from the most senior levels of industry, with direct experience in generating sales of information security products and services across both federal and commercial markets. All HFG investments are made with the active involvement of its Advisory Board, which is drawn from former executives at the highest level of government, financial institutions and commercial enterprises.

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