Covertix Wins 2011 Red Herring Top 100 Europe Award

Company receives award for its innovative approach to information leakage prevention and sensitive data security

Even Yehuda, Israel, (PresseBox) - Covertix, an innovative provider of Information Rights Management (IRM) solutions for sensitive data file-level protection and control, announced today that the company has received the 2011 Red Herring Top 100 Europe award, a prestigious list recognizing this year's most promising private technology ventures coming from Europe.

Red Herring selected Covertix from a pool of hundreds of companies from across Europe. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.

Covertix answers the growing need for information leakage prevention and sensitive data security by providing enterprise organizations with independent file-level security, surveillance and protection that is always on and in control. The company's flagship product, SmartCipher(TM) , is a file-level rights management application that secures and monitors confidential documents and sensitive data by traveling with the file inside and outside the organization. By doing so, Covertix provides enterprise organizations with the business agility to confidently share confidential information without being exposed to the risks of information abuse.

"Wikileaks and other related scandals demonstrate that existing technological approaches for information leakage prevention provide only limited security coverage and that organizations still need to better protect their sensitive data," explained Alon Samia, CEO and Co-founder of Covertix. "We are proud to be named a Red Herring Top 100 Europe company and see this award as recognition of the growing importance of Information Rights Management and our innovative approach to solving a problem faced by every organization."

Previous winners of the Red Herring Top 100 award include technology leaders such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and Ebay.

About Red Herring

Red Herring is a global media company uniting the world's best high-technology innovators, venture investors, and business decision-makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.

Covertix

Covertix develops solutions to equip enterprise organizations with independent file-level surveillance and control, protecting sensitive data, inside and outside the organization. Covertix' flagship product - SmartCipher(TM) - secures and monitors confidential and sensitive documents, by automatically tagging digital assets according to file context and content, continuously tracking and securing files, at any point or method of usage.

For further information about Covertix IRM solutions, please go to www.covertix.com. Follow us on Twitter, Facebook and our Blog to get real time updates.

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