Hudson Fairfax Group, a New York based investment firm specializing in business development, sales acceleration, and financial management of high growth companies in the cybersecurity sector announced that it has invested in Watchful Software, a leading provider of data-centric information security solutions.
Watchful has been recognized by a number of technology sector journals in both the United States and Europe for its cutting-edge solutions in the realm of information protection. Watchful’s flagship product RightsWATCH keeps sensitive/confidential data safe and secure regardless of where it is, or who has access to it, even if it’s outside the secure network perimeter.
“We’re excited about this investment, as Watchful addresses one of the most pressing information security issues facing businesses, both large and small, today” said Manish Thakur, Managing Partner of Hudson Fairfax Group. “RightsWATCH, has received tremendous market accolades for its ability to identify, classify, mark/tag, and protect virtually any type confidential information without any human intervention, right at the moment of creation. In today’s world of data leaks and breaches, this has the potential to be the holy grail of cybersecurity.”
Watchful Software CEO, Charles Foley added “Taking on Hudson Fairfax as our equity partner has far deeper implications than that of the normal VC operation providing capital to emerging technology companies. The HFG team and extended network have global reach and extensive experience in tackling security and technology issues in key sectors, and will immediately help to greatly accelerate our business plans worldwide, taking Watchful to the next level of success. This market demand for RightsWATCH has exceeded all expectations, and this additional capital will allow us to expand our global reach into strategic markets, while helping organizations keep their confidential information safe and secure from leakage, breach, and misuse.”
Hudson Fairfax joins existing investors Critical Ventures, SA and SGPS, SA in the cybersecurity software company. “We’re excited to have an equity partner with both the depth of operational experience and the breadth of the global network of contacts that Hudson Fairfax brings to the table. It’s an unusual and powerful combination, bringing significant resource to an emerging category leader such as Watchful,” added Joao Carreira, Managing Partner of Critical Ventures, SA.
In conjunction with the financing round, Manish Thakur and Katherine Priestley of Hudson Fairfax Group will join the Watchful Software, Inc. Board of Directors immediately.
Seyfarth Shaw LLP acted as legal advisor to Hudson Fairfax Group in connection with its investment in Watchful Software. The Seyfarth team was led by Christopher J. Carolan, Greg White, and Mark Katzoff.