Navigator Technology Ventures announces investment in Tizor Systems, Inc.

September 21, 2004

Cambridge, MA Navigator Technology Ventures (NTV) announced today the closing of a $3 Million Series A investment in Tizor Systems, Inc., a software and services company offering complete information security and privacy in real-time, at the information source. Navigator has co-led and participated in this financing alongside CommonAngels Fund and Masthead Venture Partners.

Founded by former Bell Labs researchers, Tizor Systems has developed a new approach for dramatically advancing Information Protection for data servers. Tizor’s patent-pending Information Protection platform delivers actionable information on who does what to critical information in databases, file servers and application servers. Tizor empowers organizations to detect and stop information theft or misuse in real-time without any application overhead and enables best practices for regulatory compliance. The Company is led by industry veterans in networking, security, software and systems management.

“Tizor’s introduction is very timely in that it enables organizations to detect, record and prevent any illegal accesses to their corporate data bases in real-time with a new patent-pending breakthrough technology”, stated Alain Hanover, Managing Director of NTV and a Tizor Director. “We believe that Tizor can not only help prevent identity theft, a major threat to the enterprise, but also help organizations meet the regulatory requirements from HIPAA and Sarbanes-Oxley” he further added, “We’re working closely with Tizor and other investment partners, Masthead and CommonAngels to maximize the potential for the company’s products”.

NTV, an affiliate of Draper Laboratory of Cambridge, MA and led by Alain Hanover and Rana K. Gupta, is an early-stage, technology venture capital firm that seeks to fund technology rich start-ups. With the assistance of Draper Laboratory, NTV invests in unique, highly proprietary technologies. NTV’s other portfolio companies are Sionex Corp., Polychromix, Inc., Actuality Systems, Inc., Sand Video, Inc., Aircuity, Inc., PLEJ, Inc., Polnox Corp., FQS International, Inc., and HistoRx, Inc.

CommonAngels is 50 of Boston’s leading technology and business professionals who take a hands-on approach to early stage software and technology investing. Founded in early 1998, CommonAngels began as a small group of CEOs and founders of software companies who wanted to help entrepreneurs with capital and expertise. To date, CommonAngels has funded 25 companies with over $25 million of CommonAngels funds and $100 million from co-investors.

Headquartered in Cambridge, Mass, Masthead Venture Partners is a venture capital firm dedicated to providing early stage information technology, internet infrastructure and services, communications, and IT-intensive life sciences companies with the capital and hands-on operational support they need to develop into industry leaders. The firm has the advanced technical expertise, proven operating experience and deep industry knowledge and relationships to help entrepreneurs build companies with category defining potential.

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