SealedMedia has secured $8.5 million of new equity and has announced Sealed Email for Blackberry devices. SealedMedia's new equity will be used to finance its market and product development in 2005 and beyond.
Existing SealedMedia investors, Crescendo Ventures and Pond Venture Partners, made the Up Round of funding. The investment will be used to accelerate growth in selected worldwide markets such as Benelux, Germany, Italy, and France as well as the Far East. SealedMedia will also look to develop other strategic partner relationships alongside its current partnership with EMC Documentum. The company will also continue to further develop its Enterprise Digital Rights Management solutions for the executive communications market. Additionally, the investment will support the company's intellectual property portfolio by registering patents for its technologies worldwide.
SealedMedia has also announced Sealed Email for BlackBerry, a software solution that enables sealed files (including email & Office documents) to be accessed securely on an authorized user's BlackBerry. This capability provides integration between deployments of enterprise-wide document security and the BlackBerry wireless platform. The security, protection, and tracking of information from repositories out to desktops and laptops can now be extended to the BlackBerry, enabling corporate information classification policies and procedures to be enforced whether an employee is in the office or on the go.
Sealed Email for BlackBerry integrates with the BlackBerry Enterprise Server and intercepts requests for sealed emails and attachments. The Sealed Email Connector checks that the user is authorized and has the appropriate rights to use the assigned BlackBerry device in order to access information sealed to a relevant classification. The information is then converted to BlackBerry's proprietary format, Universal Content Stream (UCS), and forwarded over a secure connection to the authorized user's device. Sealed Email for BlackBerry will be available in Q3 2005 starting at $20,000.