|NRI’s strategic investment fuels fast-growing content security company
MOUNTAIN VIEW, Calif. January 27, 2004 – OmniTrust’ Security Systems, Inc. (formerly Probix, Inc.), a leading provider of content security services, today announced it has closed six million dollars in funding. Tokyo-based Nomura Research Institute (NRI), a multi-billion dollar consulting firm and leading system integration house in Japan, participated in the round as a strategic investor.
This investment from NRI is augmented by follow-on investments from Walden International; Global Catalyst Partners;
NRI’s strategic investment is part of a preferred partnership with OmniTrust Security Systems, initiated in early 2002, in which NRI enables corporations, particularly in the financial and manufacturing markets, to protect confidential digital documents utilizing the OroniTrust Security Systems solution.
“Over the past two years, we have seen strong demand for protecting confidential information after it leaves the originator,” according to Masaki Tochizawa, corporate vice president at NRI. “After a large number of highly visible corporate losses, and ensuing legislation to safeguard content after delivery, customers are lining up to secure their information assets. OmniTrust Security Systems delivers a proven set of products, and is an ideal investment for us in this vital market segment.”
OmniTrust Security Systems will deploy the funds to enter its next, high-growth stage of continued product enhancement and development for its suite of products that enable organizations to safeguard sensitive information, even after it has been delivered. The company will also focus on aggressive customer acquisition, adding to the current momentum of new customers eager to retain control of sensitive corporate information at all times. Already, the company has enjoyed strong acceptance for its suite of content protection security products with over 30 new customers over the past year.
“Most security technologies today do an adequate job of securing company data through firewalls, application security products and encryption schemes. However, without a comprehensive security plan in place, corporations do not have complete control of their data, thus leaving highly sensitive information exposed and vulnerable to theft or misuse by employees or trusted partners,” according to Michael Mansouri, president and CEO of OmniTrust Security Systems. “The content security problem has become so acute that a plethora of new laws and regulations such as Japan’s Privacy Law, Gramm-Leach-Bliley, H1PAA regulations and Sarbanes-Oxley guidelines, have been established to shore up the losses. This is where OmniTrust comes in, to create a Trusted Environment that protects information from misuse at all times. The market is ready for this, as exemplified by investor enthusiasm and strong customer acceptance.”