Tizor Raises $8 Million

Tizor Systems, provider of enterprise data auditing and protection
solutions for the data center, 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.

In today’s challenging environment, companies are facing
increased regulation and threats to critical data assets. Tizor’s
Mantra represents a new generation of data auditing and protection
technology. Unlike other products in the space, Mantra was designed
from the outset for auditing and monitoring all activity touching core
data stores. As a result, Mantra’s user interface and policy building
capabilities dramatically lessen the customer requirements for putting
a system into operation versus conventional options, and Mantra is the
most scalable technology as companies look to monitor activity for
hundreds or even thousands of databases.

“We view data
auditing and protection as an extremely attractive area for
investment.” said Nilanjana Bhowmik, Partner, Longworth Venture
Partners. “After working with Tizor for the last two years, we feel
that they are in an excellent position, both in terms of management
team and product offering, to lead this market."

“This market is
accelerating because data auditing is a quick-to-implement,
fast-time-to results solution for a whole range of data security
problems—from protecting private information to Sarbanes Oxley and PCI
compliance.” stated Joel Rosen, President and CEO of Tizor Systems.
“The new investment will enable us to expand our engineering and sales
and marketing teams and will help us fuel our aggressive growth plans.”

 
Tizor provides the world’s largest companies
with the only enterprise data auditing and protection solutions capable
of risk assessment, monitoring, reporting and alerting on all critical
data activity across the enterprise data center – databases, file
servers and mainframe applications. Tizor’s global enterprise customers
include financial institutions, insurance companies, retailers,
manufacturers, healthcare providers and airlines, among others. These
companies rely on Tizor’s Mantra solutions to protect critical data
assets, detect data breaches and provide data-related compliance,
including SOX and PCI.

Tizor Systems