Sept 2005 PixAlert raises €1.6 million to accelerate international sales drive.
PixAlert raises €1.6 million to accelerate international sales drive.
PixAlert, the leading provider of innovative software to protect organisations from “Visual Viruses” – inappropriate and illegal images - has raised €1.6 million from a consortium of VCs, lead by 4th Level Ventures.
PixAlert’s image monitoring software and e-security solutions provide clients in the banking, financial services, pharmaceutical sectors and other sectors with solutions to protect employees, directors, and corporations, and their reputations, from the personal and company liabilities created by inappropriate and illegal images ("Visual Viruses").
The PixAlert solution is unique because it monitors
multiple risk sources within an organisation including
internet gateways, CD/ DVD, memory sticks, USB port, MMS messaging and WIFI. This multiple risk analysis is essential for compliance sensitive organisations.
Commenting on the investment John Nolan, CEO of PixAlert said “This fund raising enables us to further develop our product range and helps to accelerate our international sales drive. We are delighted that our investors recognise the large international market potential for our solutions”
The VC consortium included 4th Level Ventures, NCB, and the Enterprise 2000 Equity Fund. Commenting on the investment, Ronan Reid, managing director of 4th Level Ventures, said, "We are delighted to have the opportunity to support PixAlert at this stage in its development. PixAlert is an excellent Irish company with real potential and strong products in an area of increasing concern to large corporations throughout the world."
PixAlert (the trading name of BioObservations Ltd.) is an Irish company with offices and partners in the UK, USA, Australasia and mainland Europe. For more information on PixAlert products and services visit www.pixalert.com