Wednesday, April 14, 2010

(TECH) Secure Email Solutions Provider PostalGuard Raised $4 Million

"Secure email solutions provider PostalGuard had raised $4 million from Israeli venture capital fund Genesis Partners and a group of private investors.

PostalGuard develops a secure email distribution channel platform that allows banks and financial institutions to enhance their relationships with clients, by offering direct bi-directional email communication.

PostalGuard’s solutions allow banks to provide a variety of new services that complement their current interaction platforms, such as branches, website and call centers. These solutions offer significant cost savings, associated with distribution of statements and notifications, as well as the opportunity to increase the number of transactions and enhance customer satisfaction.

"Most banks in Israel and abroad operates large web sites for the benefit of their clients, but the majority of customers continues to use the services provided by the branch and phone,” said Aryeh Mergi, PostalGuard President and Founder. "PostalGuard solutions allow banks to improve the relationship with their clients, leverage marketing offering by using the net and save money on costs associated with paper and postal service.”

PostalGuard has already applied for 6 patents and provisional applications, and has more than 10 additional patents in development. The company's technology was uniquely developed for the banking environment and allows smooth integration with the banking systems, while ensuring reliability and scalability.

In the past year PostalGuard has entered into a strategic partnership with and Syntron following the roll-out of PostalGuard’s secure email solution at a bank in Switzerland. In addition, the First International Bank of Israel has selected PostalGuard as another channel for the transfer of information via encrypted e-mail between customers and bank staff.

PostalGuard was founded in 2007 by Mergi and Ram Cohen, the company’s chief software architect. Mergi was a co-founder of Msystems, which was sold to SanDisk for $1.6 billion on 2006. Prior to working at PostalGuard, Cohen has served the Development Manager of Aliroo, a developer of enterprise information security and management solutions including content assurance and secure messaging solutions." (source)

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