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Last update - 18:54 15/10/2006
Data security giant McAfee buys Tel Aviv start-up Onigma
By Raphael Fogel

Data security giant McAfee has bought a young Tel Aviv startup, Onigma, for somewhere between $15 million to $25 million cash, hi-tech sources have said.

McAfee will be integrating the Onigma technology in its enterprise security solutions, and will be recruiting dozens more Israeli developers for the startup, which will become a local R&D center.

Onigma was founded in December 2004 by Amir Sadeh, Ishay Green and Liad Agmon, three "graduates" of the technology division of the Israeli army intelligence forces. The company is run by Jim Penosky, from the OnDemand Partners consultancy.

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The startup dealt with a new area in data security: DLP, or Data Leakage Prevention from an enterprise server.

Within days, the Onigma technology will be available via all McAfee outlets worldwide.

The technology enables the company to monitor all its workers and ensure they do not send confidential information beyond the enterprise boundaries, whether via Internet or external memory storage devices.

Among the company's investors are the founders of Excellence-Nessuah, Gil Deutsch and Roni Biran.

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