Onset Technologies Raises $3 Million

Onset Technology has raised $3 million in a funding round led by the Cedar Fund and joined by the Challenge Fund and Jerusalem Global Ventures. Onset is a smartphone compliance and data leak prevention solution provider, and will use the capital to bolster its research and development activity, expand its support of METAmessage Advanced Compliance Tool (ACT) for BlackBerry smartphones and introduce new versions of ACT for iPhone, Windows Mobile and Symbian devices. ACT lets organizations scan, block and archive all wireless communications to keep companies compliance under regulations like SEC, NASD, Sarbanes-Oxley, HIPAA, FINRA and so on.

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