BitArmor Raises Series B

PITTSBURGH -- BitArmor, the leader in data protection software that helps corporate executives secure sensitive data wherever it goes, today announced the completion of its Series B financing round. The round is funded by current investors, including Draper Triangle Ventures, as well as new investors.

BitArmor will use this investment to take technology to market for virtualization security and enhanced integration with Data Leakage Prevention solutions. It will also add resources to bolster its sales organization to support increasing market demand for BitArmor’s DataControl™ software and Smart Tag™ technology. DataControl uniquely delivers information-centric protection, which specifically protects data instead of the devices or networks that process it. It provides broader protection than traditional “point” solutions, which usually focus on a single type of device or network, while reducing the number of solutions an organization needs for data protection.

“Data security continues to rank as a top priority for CIOs across the board,” said Craig Gomulka, a partner with Draper Triangle Ventures. “BitArmor’s information-centric approach to data protection turns the current concept of security on its head. With the multiplicative effects of highly distributed data and new infrastructure architectures like virtualization, it is the only rational data security strategy to accept going forward.”

BitArmor Systems Inc.