WatchDox, a Palo Alto, CA-based provider of enterprise solutions to access, share and control sensitive documents on any device, received a new $12m financing.
The company, which has raised $35m to date, intends to use the proceeds from the financing to continue to expand its sales team. As part of the transaction, WatchDox acquired InstallFree, a developer of application portability, virtualization and access solutions.
Led by Moti Rafalin, CEO, the company provides organizations with solutions to access, protect and control their critical documents on any tablet, smartphone, or PC, and collaborate securely with partners, adopt bring-your-own-device (BYOD) initiatives, and destroy their documents remotely if a device goes missing.
Customers include more than 500 enterprises worldwide in the financial services, pharmaceutical, biotechnology, legal, energy, manufacturing, insurance and government markets.