PortAuthority Technologies raises $18,000,000

PortAuthority Technologies, Inc.,(TM) the leader in Information Leak Prevention (ILP), today announced it has closed its latest round of funding, raising approximately $18 million. Using its patented PreciseID(TM) technology, only PortAuthority stops information leaks by monitoring internal and outbound enterprise communications and delivering policy enforcement in real-time. PortAuthority ensures compliance with regulations such as GLBA, PCI, HIPAA, CA CC1798, FERPA, PIPEDA and SOX by closing the gap between employee behavior and corporate and legal policies.