Thursday, November 3, 2005

Trust Digital Raises $9 Million for Mobile Security Software

Trust Digital, a start-up based in McLean, Virginia, raised $9 million in Series B funding for its enterprise mobile security software solutions.

Trust Digital's software resides at the edge of the network where Smartphones and mobile devices have access to corporate information. The policy-based software helps corporations eliminate the regulatory and financial risks associated with the accidental or malicious disclosure of data. The software secures all forms of data resident on mobile devices at all times, independent of the method of data transfer or synchronization. It also meets the U.S. government's FIPS 140-2 validated encryption criteria for every mobile devices, including laptop PCs.

The funding was led by new investor BCE Capital (affiliated with Bell Canada Enterprises). Current investors Core Capital and Avansis Ventures participated in the Series B funding round. The company said this investment comes directly on the heels of several key carrier and enterprise wins.

Trust Digital also announced a significant expansion of its successful mobile carrier initiative, leveraging its market leadership position to enlist the most innovative mobile carriers to become key suppliers of security to the mobile enterprise. As such, Trust Digital recently won a contract to provide enterprise security on all mobile devices for one of the largest U.S. wireless carrier's internal operations.


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