GuardTime

GuardTime closes series A financing round

GuardTime — Tue, 25 May 2010 14:05:12 +0000

Press Release, May 25, 2010

GuardTime announced today that it raised $8 million in series A funding to help roll out its global infrastructure for delivering its provable data integrity service.

The company’s unique approach – a service architecture that provides independently verifiable proof of data integrity – has attracted investors including: Horizons Ventures, a Hong Kong based investment fund focusing on early stage technology companies, Ambient Sound Investments, an investment fund formed by the founding engineers of Skype, Infocomm Investments Pte Ltd (IIPL), a wholly owned subsidiary of the Infocomm Development Authority of Singapore (IDA) that complements IDA’s industry development efforts in Singapore with equity investments, FITOne Capital, a subsidiary of FIT-One Holdings, an IT startup business incubator in Japan and Joi Ito, CEO of Creative Commons, entrepreneur, and venture capitalist.

“For internal control, regulatory transparency and legal admissibility, businesses need to be able to prove that their data is intact,” said Mike Gault, CEO of GuardTime. “The current data integrity model involves buying expensive hardware/software from companies such as EMC, IBM, or Hitachi Data Systems, and relies on rigid and costly internal processes. With GuardTime’s solution, proof depends solely on the data itself – free from the choice of storage device, third party validation, or well kept secrets or keys.”

“Financial institutions, in particular, are under an enormous amount of pressure to strengthen internal controls,” said Benn Shepherd, CEO of JB Drax Honore, the world’s largest broker of listed European interest rate options. “With GuardTime’s solution, we can prove to our regulators, clients and auditors that data is legitimate and unaltered by insiders or outsiders – for a fraction of the cost of other solutions on the market.”

“GuardTime has the potential to transform the storage industry,” said Yukihiro Kayama, Chairman at GuardTime and a former global head of Mitsubishi’s technology business. “The trend of enterprise adoption of cloud storage will continue to accelerate and GuardTime’s solution provides an extremely cost-effective method for businesses to prove that data in the cloud is intact.”

GuardTime’s service is helping businesses across multiple industries, including financial services, government, telecommunications and healthcare, strengthening control and reducing costs.

GuardTime Media Contact:
Dan Brennan
Corporate Ink Public Relations
(617) 969-9192
dbrennan@corporateink.com

GuardTime granted a patent by the U.S. Patent and Trademark Office

GuardTime — Tue, 18 May 2010 13:18:10 +0000

GuardTime, the world leader in provable data integrity solutions, announced today that it has been granted a patent by the U.S. Patent and Trademark Office, this one covering “System and Method for Generating a Digital Certificate”. This patent protects GuardTime’s method of generating a publication record published in widely witnessed media such as newspapers (currently the international version of the Financial Times) which acts to provide a trust anchor for GuardTime’s independent verification mechanism. “This patent affirms the unique value of GuardTime’s growing intellectual property portfolio” said GuardTime’s Chief Scientist, Ahto Buldas.

Eraj Shirvani to join GuardTime Advisory Board

GuardTime — Tue, 13 Apr 2010 17:18:19 +0000

We are pleased to announce that Eraj Shirvani, a Managing Director of Credit Suisse and Chairman of the International Swaps and Derivatives Association will be joining GuardTime’s advisory board. We are excited to benefit from his over 20 years experiences in dealing with regulatory issues in the financial markets.

CEO Mike Gault on GuardTime’s technology for cloud computing

GuardTime — Sun, 04 Apr 2010 19:38:18 +0000

GuardTime to attend reception for Estonian Prime Minister in Tokyo

GuardTime — Wed, 10 Mar 2010 19:41:29 +0000

We are pleased to announce that GuardTime Chairman, Yukihiro Kayama and GuardTime CEO, Mike Gault will be attending this reception hosted by Estonian Prime Minister Andrus Ansip. According to Yukihiro Kayama, Estonia is a hotbed of new technologies and Japan represents an excellent opportunity for young Estonian companies to establish a foothold in the Asian markets.

VentureLab event in Tallinn: technology commercialization by Yukihiro Kayama

GuardTime — Fri, 29 Jan 2010 15:16:36 +0000

Yukihiro Kayama, Chairman of GuardTime talked about technology commercialization at the first VentureLab event in Tallinn on 12th January 2010.

Kayama-san spoke about his previous in-depth experience in commercializing technologies across borders, the role of R&D marketing and shared insights about Asian technology market. The highly participated seminar was a kick-off for Estonian Development Fund VentureLab – a series of events introducing people and their experience in investing, entrepreneurship, international business and development.

Videocast of Kayama-san’s talk can be found here.

GuardTime to attend Security Innovation Network | IT Security Entrepreneurs’ Forum 2010

GuardTime — Sun, 03 Jan 2010 19:48:55 +0000

We are pleased to announce that Mike Gault, GuardTime CEO will attend the IT Security Entrepreneurs’ Forum 2010 at Stanford University California. The Fourth Annual IT Security Entrepreneur’ Forum (ITSEF IV) is the premier venue for start up and emerging solution providers to come together in a collaborative setting with a select group of government, industry and venture capital leaders who will discuss market trends, needs, processes and opportunities on how to best approach and access these markets. His Excellency Jaak Aaviksoo, the Minister of Defense of the Republic of Estonia will deliver a keynote address at the conference on Cybersecurity.

Tokyo Electron Device’s integration of GuardTime technology

GuardTime — Wed, 09 Dec 2009 19:45:56 +0000

Tokyo Electron Device Limited has completed a technical evaluation on the integration of GuardTime timestamping service into SenSage Enterprise Log management systems(ELM), ” Enterprise Security Analytics ” with successful result.

GuardTime to be a Silver Sponsor at ArcSight Protect 09

GuardTime — Sat, 01 Aug 2009 19:43:27 +0000

GuardTime is pleased to announce that we will be sponsoring the ArcSight Protect 09 at the Gaylord Resort and Conference Center on in Washington D.C in September 2009. Please come and visit us if you are interested in learning about how the GuardTime/ArcSight combination can add the forensic component to ArcSight event management.

Estonian certification renewed

GuardTime — Wed, 13 May 2009 14:56:47 +0000

GuardTime successfully passed the re-audit to continue providing timestamp service in Estonia.

The annual audit evaluated GuardTime’s information systems and processes responsible for the performance of the timestamping service and their compliance with Estonian legislation and standards. The certificate also confirms that GuardTime meets the necessary quality and security requirements set by the law and that the timestamping service principles established by the state are being followed.

As of May 2009, GuardTime is one of only two certified timestamp service providers in Estonia.