Sponsored Links
GigaTrust Secures $11 Million Investment Led by Stanford Financial Group
* Reuters is not responsible for the content in this press release.
Financing Reflects Success of High-Growth Enterprise Rights Management Security Solution HERNDON, Va., Sept. 29 /PRNewswire-USNewswire/ -- GigaTrust, the market leader in Enterprise Rights Management (ERM) security solutions that extend Microsoft's Windows Rights Management Services (RMS), announced today that it has closed its $11 million Series E financing with new and existing investors. Stanford Financial Group, the major investor in the round, joined existing investors Atlantic Capital Group, Kirnaf Ltd., USA Fund, and GlenRock Ventures. The funds will be used to build on GigaTrust's high-growth U.S. operations and global expansion into Europe, Asia and the Middle East to meet global demand for its security products. In 2007, GigaTrust had record revenues, new products announcements such as CAD security with the acquisition of Pinion Software, and new customer additions, including the largest RMS deployment in the world at the U.S. Department of Veterans Affairs. GigaTrust also made new partnerships with IBM and RIM. "We are pleased to have the Stanford Financial Group join the GigaTrust team," said Robert Bernardi, Chairman and CEO of GigaTrust. "This new round of funding is a testament to our role as the leader in the high-growth market of information protection and will enable GigaTrust to broaden its global reach while continuing to drive innovation into our suite of security products." GigaTrust's ERM security solutions, built on Microsoft's Windows Rights Management Services (RMS), enable anyone-to-anyone collaboration inside or outside the enterprise. The company's email and content security software adhere to complex regulatory compliance and corporate governance requirements that many organizations face. About Stanford Financial Group Stanford Financial Group is a privately held global network of independent, affiliated financial services companies. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies. The Stanford Financial Group of companies provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, award-winning policy and equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford has over $50 billion in assets under management or advisement. Securities products and services are offered in the United States by Stanford Group Company, member FINRA/SIPC. Stanford Financial Group is not a legal entity, but a registered trademark that encompasses the global network of independent, but affiliated, privately held and wholly owned entities. More information on the company can be found at www.stanfordfinancial.com. About GigaTrust GigaTrust is a cutting-edge provider of email and content security software products serving customers in both the public and private sectors in the U.S. and Internationally. GigaTrust is the only provider of the Intelligent Rights Management(TM) solution, which combines innovative, next-generation content security technologies built on the foundation of Microsoft Windows Rights Management Services. GigaTrust's Intelligent Rights Management solution enables secure anyone-to-anyone collaboration by persistently protecting content (at rest, in transit, or in use). GigaTrust's family of products/services are easy to use, easy to deploy, and completely transparent to the author or recipient of the email or content. GigaTrust's products/services include security solutions for email and document protection, automated external user provisioning, web content, network file shares, e-discovery enablement, and the Blackberry mobile device. GigaTrust is headquartered in Herndon, Va., and with regional offices throughout the United States and is a Microsoft Gold Partner. For more information about GigaTrust, visit www.GigaTrust.com. SOURCE GigaTrust Marisa Hagerman, Sage Communications, +1-703-584-5637, marisah@aboutsage.com, for GigaTrust
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters