IPLocks Closes $11 Million in Strategic Funding

By | June 16, 2006

IPLocks, a leading provider of database security and compliance solutions that protect business critical information, today announced it has secured $11 million in Series D funding from institutional and individual investors.

According to Gartner, 40 percent of new enterprise security spending will be directed toward data security issues, not perimeter security by 2007. Most organizations recognize the risks of external attacks, insider threats and the value of data, with insider involvement in the majority of large, loss-bearing incidents. Data security is about protecting data from unauthorized access and unauthorized use after legitimate access. Data security is primarily focused on keeping bad people from good content and keeping trusted people from misusing good content, maliciously or otherwise.

E&Y, NEC and WesCorp are among the many companies across the globe using the IPLocks Database Security and Compliance Solution to protect their valuable company and customer data. IPLocks is the only comprehensive database security solution that assesses for vulnerabilities, monitors user behavior and provides an independent audit trail to support regulatory compliance. The IPLocks solution also supports the widest range of database platforms including IBM DB2, Microsoft SQL Server, Oracle, Sybase and Teradata.

“The major data breaches during the past 18 months have created an increased awareness of the need to protect sensitive company and customer data,” said Akio Sakamoto, President, CEO and Co-founder of IPLocks. “There are over 130 organizations across the world who have implemented IPLocks´ solutions to protect their valuable company data against loss and misuse. We look forward to continuing to reinforce the importance of data protection and the value of our solution for customer across the globe.”

Leave a Reply