Dynasec Ltd, a spin off subsidiary of TACT Computers has the answer (for them).
Israel based Dynasec has just raised a $1M funding round based on a valuation of $6.7 million.
While the company size is tiny, investors include: Deutsche Bank, Merrill Lynch, Credit Suisse Group, along with Greek and Polish banks. When asked by Globes, TACT’s CEO credited Eli Elroyi from GTC RE for organizing the foreign banks as a group of investors.
Dynasec’s mission is to provide a platform that enables organizations to efficiently manage risk, governance and compliancy processes. The company developed Securitive(TM), a suite of web-based applications that enables companies to continuously manage and control compliance, corporate governance and risk management processes. Its clients include some of Israel’s major banks (including HSBC), government agencies, health & energy mega corporations and more.
Dynasec was founded in 2002 and is led by CEO Mati Ram from it’s headquarters in suburban Yokne’am, Israel. The company has 10 employees.
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