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Tizor Closes $8.3M Round
All existing investors participate in round raised to take advantage of rapidly expanding data auditing and protection market
February 11, 2008
1 Min Read
MAYNARD, Mass. -- Tizor Systems, the leading provider of enterprise data auditing and protection solutions for the data center, today announces that it has raised $8.3 million in a third round of financing.The round was lead by Longworth Venture Partners and included Hummer Winblad Venture Partners, Masthead Venture Partners, Navigator Technology Ventures and Common Angels. As part of the financing, a partner at one of Tizor's venture capital backers made a substantial personal investment.
Tizor also announces that Nilanjana Bhowmik, Partner at Longworth Venture Partners will be joining Tizor's board of directors as part of this funding round.
The investment will fund future product capabilities and Tizor's accelerating growth which has been fueled by compliance initiatives such as Sarbanes Oxley (SOX), Gramm-Leach-Bliley Act (GLBA) and the Payment Card Industry (PCI) Data security Standard and the critical need for data protection brought about by heightened risk of data breaches involving data theft from core data servers.
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