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

EVEN YEHUDA, Israel, May 19, 2011 /PRNewswire/ -- Covertix,  an innovative provider of Information Rights Management (IRM) solutions for sensitive data file-level protection and control, announced today that the company has been selected as a Finalist for the 2011 Red Herring Top 100 Europe award, a prestigious list recognizing this year's most promising private technology ventures coming from Europe.

"This is a great achievement for our company and we are tremendously pleased to have been selected as a Finalist by Red Herring," said Alon Samia, CEO and Co-founder of Covertix. "This important recognition highlights our unique approach for helping our customers reduce their exposure to information abuse and securely share proprietary information as need."

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™, 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.

Finalists for the 2011 Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.

As a Finalist for the Red Herring 100 Europe award, Covertix will be presenting at the Red Herring Europe Forum in Amsterdam on May 23-25, 2011.

About 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™ -  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.

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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.

Press Contact
Tony Miller
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Israel: +972 544 870 808
tony@noteyamedia.com

SOURCE Covertix