SalesForce.com, a pioneer in SaaS technology has made its first acquisition in Israel, with its decision to buy Navajo Systems for $30 million, according to Globes. Following the acquisition, SalesForce will open its first R&D center in Israel.
Navajo Systems offers cloud security services with its Virtual Private SaaS (VPS) solution. The technology behind VPS consists of encrypting all sensitive data before it is transmitted from the client to the server, keeping the data encrypted on the server as well while it’s at rest. The background encryption/decryption processes is seamless, so users are unaware when their data is encrypted yet their sensitive data is completely unreadable (and therefore meaningless) when stored on the SaaS provider’s server. This is particularly applicable to database theft and identity theft and could be a good ‘insurance policy’ upsell to SalesForce users.
- Navajo systems cached homepage
Interestingly, the Navajo Systems website is currently only displaying a landing page with the following message:
Navajo Systems has decided to pursue a different strategy. If you have any questions about our products or services, please contact Dan Gross at dan@navajosystems.com.
Navajo systems was founded in 2009 by Dan Gross (CEO), David Moskowitz and Doron Avraham. It received an undisclosed round from Jerusalem Venture Partners in November of 2009.
He is a former General Partner at Google Ventures (GV) in Europe, former head of Google for Entrepreneurs in Europe, and founding head of Campus London, Google's first startup hub. Eze writes on Israeli tech, venture capital, artificial intelligence, and founder strategy.
He is also the founder of Techbikers, a nonprofit that brings together the startup ecosystem on cycling challenges in support of Room to Read.
