Triple-Digit Growth, Enterprise Customer Adoption, Marquee Vendor Partnerships, Product Innovations and Industry Award Recognition Among Highlights

TEL AVIV, Israel & PHILADELPHIA--(BUSINESS WIRE) - Safend, a leading provider of enterprise endpoint Data Leakage Prevention (DLP) solutions, today announced the completion of its best fiscal year in 2007, marking a record year for growth and worldwide customer adoption of the award-winning Safend Solutions. The company’s revenues in 2007 were almost triple in comparison to Safend’s revenues in 2006, and Q1 2008 is on track to keep the momentum building this year. Additionally, Safend saw its customer pipeline grow by more than 140 percent in 2007.

“2007 was an excellent year for Safend and 2008 is shaping up to be even stronger,” said Gil Sever, Safend CEO. “Our impressive financial results coupled with increased partner relationships and wide-spread industry praise, clearly demonstrates our leadership position in the DLP space. Through our flagship Safend Protector solution, we are providing customers with the critical technology they need to prevent costly data leakage, resulting in a drastic increase of enterprise clients. We are committed to continuous innovation across our portfolio to ensure we offer our customers the most comprehensive endpoint DLP solution on the market.”

Safend delivers comprehensive endpoint data leakage prevention solutions that allow organizations to protect against corporate data loss and theft through all physical and wireless ports, external storage devices and removable media, such as Flash drives, CDs and DVDs, iPods, Smart phones and PDAs, WiFi networks, Bluetooth and more. Through seamless integration and interoperability testing with leading hardware and software security vendors, Safend provides its solution to leading organizations looking to prevent data loss and meet regulatory compliance.

Recent corporate milestones include:

Exploding Customer and Partner Adoption

“Due to significant investments in marketing and sales, 2007 was a banner year for Safend in terms of customer adoption and software license sales,” said Avishai Fishman, CFO of Safend. “We added more than 350 organizations to our worldwide customer roster in 2007, bringing the total number of customers to over 700. Recent customer wins include a Fortune 500 global entertainment company, a Fortune 50 leading provider of home improvement products, top healthcare providers, and large government agencies worldwide.”

Also this past year, Safend partnered with leading vendors such as Lenovo, Fujitsu BSC and Utimaco to provide enhanced endpoint data leakage solutions for enterprise customers.

Technology Innovations, Industry Award Recognition

In 2007, Safend received a number of security-industry accolades, including Red Herring’s “Most Promising Software Start-Up” Award, Info Security’s “Hot Companies 2007” Award and Computer Reseller News’ “Four Star Award” for Channel and Technological Capabilities.

About Safend

Safend is a leading provider of endpoint data leakage prevention solutions that protect against corporate data loss via physical, wireless, and removable media ports while ensuring compliance with regulatory data security and privacy standards. Safend's solutions, available through resellers worldwide, are deployed by multinational enterprises, government agencies and small, mid-size and large companies across the globe. Founded in 2003, Safend is a privately held company funded by Elron Electronics (NASDAQ and TASE: ELRN), Intel Capital, Walden Israel and a multi-billion European financial fund. Safend is headquartered in Tel Aviv with US headquarters in Philadelphia. For more information, visit http://www.safend.com/.

Contacts
PAN Communications
Lisa Astor,  978-474-1900 
safend@pancomm.com