Confidela is a Finalist for the 2010 Red Herring 100 Europe Award

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Vendors Selected are “Most Promising Private Technology Ventures” in the Region

Our inclusion in the Red Herring Europe 100 is another great confirmation of our strategy and technology.

Confidela, developer of WatchDox – secure document sharing and virtual data room solutions, today announced its selection as a finalist for Red Herring's Europe 100 award, a prestigious list honoring the year’s most promising private technology ventures from the world European business region.

In order to remain competitive in this global climate, small businesses and enterprises of all sizes are realizing the critical need to keep confidential company information out of the wrong hands while still implementing effective collaboration. Confidela’s flagship product, WatchDox, addresses this industry need for cost-effective and easy-to-use document security solutions that track, control and protect important company data -- wherever it goes.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds across Europe. The nominees are 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. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

“Our inclusion in the Red Herring Europe 100 is another great confirmation of our strategy and technology,” said Moti Rafalin, founder and CEO of Confidela. “It reaffirms the vast market need for protecting and controlling information, and recognizes that our innovative and elegant approach provides the highest level of security and accessibility.”

The finalists are invited to present their winning strategies at the Red Herring Europe Conference in Paris, May 25-27, 2010. The Top 100 winners will be announced at a special awards ceremony on May 27 at the event.

WatchDox Resources:

About Confidela
Confidela provides businesses and individuals with hassle-free document control, tracking and protection services to facilitate the sharing of sensitive documents with customers, partners or suppliers. Confidela’s flagship product, WatchDox, is the easiest way for organizations to send documents securely. Privately held, Confidela is venture capital-backed by Gemini Israel Funds and Shlomo Kramer (co-founder of Check Point and Imperva). Confidela has offices in Tel Aviv, Israel and Mountain View, California. For more information, please visit https://www.watchdox.com.

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Katie Sullivan
Metis Communications
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