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Teen solves centuries-old math problem
KFAR SABA, Israel, Jan. 13 (UPI) -- French venture capital company Kima Ventures has invested in Israel's Covertix, an information security firm.
Covertix, which didn't disclose the investment amount, said the funding would be used to enter the growing European market, strengthen its product offering and boost its international sales and marketing outreach.
Covertix addresses the growing need for protection against information leaks and sensitive data security by offering independent file-level surveillance and control system. The company's flagship product, SmartCipher, protects sensitive data inside and outside the organization even when used by third parties or is lost or stolen.
The system has recently been acquired by enterprise customers in Europe.
"Every day there is a new information leakage scandal being publicized. Yesterday it was WikiLeaks and today is Renault -- it's a threat that concerns all organizations," said Covertix Chief Executive Officer Alon Samia. "Organizations should not have to worry about their confidential documents being publicly disclosed and enterprises should have the business agility to securely share sensitive information internally and externally."
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