Amplifier Ventures invests in McLean, VA based SpydrSafe Mobile Security, Inc. to bring innovative data security technology to enterprise BYOD
McLean, VA (PRWEB) January 17, 2012
Amplifier Ventures, an early-stage venture capital fund, today announced the seed financing of SpydrSafe Mobile Security, Inc. SpydrSafe had been operating in stealth mode since its formation in early November. The company has developed an innovative approach to DLP (“data loss prevention”) and app control on Android devices. The company’s proprietary technology will allow employees to use their own Android devices at work while protecting the sensitive enterprise information that they access. The company’s innovative approach to BYOD (“bring your own device”), enables IT departments to deploy enterprise apps and proprietary data with enterprise-grade app and data oriented policies and security, all while preserving the native user experience.
SpydrSafe was founded by Michael Pratt, most recently the COO of CardStar, Inc., a venture-backed mobile loyalty company, and Kevin Sapp, most recently Chief Architect, Mobile of McAfee, an Intel Company. Previously the founders were part of the senior management of Trust Digital, a venture-backed provider of mobile device management technology that was acquired by McAfee in June, 2010. The founding team has more than 15 combined years of experience in mobile security and are recognized leaders in their field.
“The problem and opportunity for enterprise BYOD is tremendous. Employees want to use their personal devices to play videos, download games and access enterprise applications and data. Enabling this ‘peaceful’ co-existence to occur is a huge problem for MIS directors and employers generally,” said Jonathan Aberman, Managing Director of Amplifier. “SpydrSafe’s approach to this problem is unique, and elegant, and satisfies the needs of both enterprise IT and employees.”
“For us, this is a unique opportunity to take what we have learned and apply it to a cutting edge market and problem,” added Michael Pratt, SypdrSafe’s CEO. “We think that the BYOD opportunity is the continuation of a growing trend of blurring between enterprise and consumer technology. We expect that solutions which allow for little friction between the requirements of enterprises and employees will be adopted rapidly and accelerate this trend.” Added Kevin Sapp, SpydrSafe’s CTO, “this is a really exciting time to be working on mobile security – DLP is the crucial issue in enterprise mobility, and until now, hasn’t been adequately addressed.”