Datacastle Raises Funds

SEATTLE -- Datacastle, the enterprise-class PC data protection company, today announced its second round of financing, as well as the appointments of CEO Ronald Faith and Chairman of the Board Alex Knight. Led by CM Capital Investments, Datacastle’s $5.3 million Series A financing augments the company’s initial seed financing of July 2007.

Founded in 2005, Datacastle has a singular mission to help organizations simply and cost effectively protect data against loss and laptop theft. Listed in Gartner’s Hype Cycle for Storage Technologies, 2008, Datacastle offers the most comprehensive and secure data protection solutions available for today’s mobile workforce.

“Datacastle is well positioned at a time when enterprises are rapidly adopting data protection solutions to secure, manage and control their critical data,” said Mark Gill, Partner, CM Capital Investments. “We are pleased to add Datacastle to our investment portfolio based on their differentiated data protection solutions, their intellectual property which provides inherent barriers to entry, and substantial market opportunities. We believe that Datacastle’s talented management team has the skill, drive and enthusiasm to take the company to a market leadership position.”

Datacastle Corp.