Blackstone Implements WatchDox to Facilitate Secure File Sharing, Invests in Company
March 6, 2012
Leading asset manager provides safe access to sensitive data from any PC or mobile device; leads WatchDox’s $9 million funding round
WatchDox, a provider of enterprise solutions to access, share and control sensitive documents on any device, anywhere, today announced that Blackstone (NYSE: BX), one of the world’s leading investment and advisory firms, has implemented the WatchDox platform to provide highly secure file sharing and has invested in WatchDox.
With WatchDox, Blackstone can facilitate the secure, appropriate sharing of and access to critical information with internal and external stakeholders and protect board and executive communications. These safeguards allow the company-wide use of mobile devices, like iPhones and iPads, for viewing and annotating highly sensitive documents, such as investor statements and financial results.
“In our business, the value of proprietary information cannot be overstated,” said William Murphy, managing director and chief technology officer of Blackstone. “One of the most appealing aspects of the WatchDox solution is knowing that the security travels with the document. This allows us to track its journey and revoke access at anytime, even if it ends up saved to a thumbdrive or accidentally sent to the wrong recipient via email.”
“In addition, it’s a competitive advantage for us to be able to securely support our employees’ growing use of iPads, which WatchDox has made easy via its iOS app,” continued Murphy. “As a company that deals with highly-sensitive information on a daily basis, Blackstone had a truly innovative vision for providing its partners, portfolio companies, public boards, employees and its own board members with secure access to the firm’s sensitive information from any device, anywhere,” said Moti Rafalin, CEO of WatchDox. “Our partnership with Blackstone both as a customer and as an investor validates our mission to provide a unique market solution and provides WatchDox with a vote of confidence in our strategy and product offering.”
Blackstone joins WatchDox’s existing investors in a $9 million funding round, which includes Shlomo Kramer, Gemini Israel Funds and Shasta Ventures.
WatchDox enables organizations to access, protect and control their critical documents wherever they go: on any tablet, smartphone, or PC, even those beyond the IT department’s control. With WatchDox technology, organizations can collaborate securely with partners, safely adopt bring-your-own-device (BYOD) initiatives, and destroy their documents remotely if a device goes missing. More than 500 enterprises worldwide — including top-10 financial institutions, government agencies, and many of the Fortune 500 – depend on WatchDox solutions. For more information, please visit http://www.watchdox.com.
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on twitter @blackstone.