Versafe Ltd.

www.versafe-login.com

High-Tech Company

Acquired by F5 Networks Inc.

TECH VERTICALS

Authentication, Cryptography, Cyber Security, Encryption, Security

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	Initial Revenues
Established	2008
Number of Employees	55

DESCRIPTION

Versafe is a global leader in online fraud prevention. It has developed a revolutionary solution that protects the identity of organizations' users, in the various environments where they are active. Since most identity theft risks are associated with social engineering, security providers find it difficult to develop solutions to counter these risks. Versafe eliminates online identity theft by preventing phishing, Trojan and pharming attacks in real time, through the implementation of advanced encryption and identification mechanisms.

TECHNOLOGY

Versafe Anti Trojans Technology - Using layered security, automatic engines and a 24/7 operation center, Versafe efficiently detects computers infected with Trojans, attempting to gain access to the organization’s servers. Advanced encryption of user log-in credentials, eliminates the risk of the Trojan, key logger or session hijacker.

Versafe Anti Phishing Technology - Using layered security, automatic engines and a 24/7 operation center, Versafe efficiently detects phishing attacks as they are being set up, monitors the fraudulent activity, documents the incident and takes down the fake site, all before scam e-mails are sent to the organization’s customers. The collected information then serves for forensic investigation of the event and for laying the ground to protect against the next wave of attack.

Anti-Pharming - Pharming is a dangerous attack that includes MITM (Man in The Middle), DNS poisoning and others, which is difficult to detect. In recent years, it has become more and more prevalent, affecting a growing number of organizations around the world. By implementing the Versafe Anti-Pharming online mechanism, which detects different types of Pharming attacks, it is possible to identify servers that execute MITM attacks, and also to identify the users targeted by these attacks, in real time. The use of these protective components allows preventing connection from a public network in which Pharming attacks are carried out, including ARP poisoning, DNS poisoning and others.

	TARGET MARKETS
	Organizations & Enterprises, Banks, Insurance companies, e-commerce sites.

	BUSINESS MODEL
	B2B

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
AE1F341A-207A-E111-AC59-00155D32A403		BugSec Ltd. (CYCL Cloud)
ECA9A5BA-1F7A-E111-AC59-00155D32A403	Subsidiary	Versafe Ltd.	BugSec Ltd. (CYCL Cloud)	Acquired/Merged
A6C29CA5-EF46-E411-B8A5-80C16E7D3630	Spin-off	Cynet Security Ltd.	BugSec Ltd. (CYCL Cloud)

REMARKS

Date	Remark
	Versafe is a member of the BugSec Security Group.

CONTACT INFO

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Main Address: Rishon Le-Zion, Israel

Address	11 Moshe Levi St.
POB	148
City	Rishon Le-Zion
Country	Israel
Zip	75070

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Branch Address: United Kingdom

Country	United Kingdom

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Branch Address: United States

State/Province	PA
Country	United States

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	MANAGEMENT

Key Executive

Name	Title
Mr. Jens Hinrichsen	VP, Marketing & Business Development
Mr. Josh Adams	VP, Technology & Product Development
Mr. Idan Amir	Co-Founder
Mr. Eyal Gruner	Co-Founder
Mr. Boaz Zilber	Co-Founder

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Sep. 17, 2013

Initial Revenues

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	FINANCIAL ROUNDS

Total Capital Raised
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Financial Rounds

Numbers of Investors