17 August 2017
visit www.avoka.com

Wachovia joins iLumin financing round

28 May 2003  |  2695 views  |  0 Wachovia joins iLumin financing round

iLumin Software Services, a US-based provider of electronic message surveillance and compliance software, has completed a Series A round of financing with an investment from Wachovia Strategic Ventures.

Other Series A investors include DB Capital Venture Partners, MidOcean Partners, Rock Creek Capital and Softbank. The investment amount and ownership interest were not disclosed.

The new funding will be used to expand product development and intensify sales and marketing activities of iLumin’s Assentor product line. iLumin acquired Assentor in October 2002 with the main goal of expanding outside of Assentor’s core compliance offering to provide a comprehensive, off-the-shelf enterprise message management solution.

Bharat Vijay, SVP, Wachovia Strategic Ventures group, says the firm only invests in companies that its business units find essential to their operations.

"iLumin’s product offerings enable us to maintain compliance with SEC regulations and guidelines regarding archiving and monitoring of e-mail activity companywide," he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fxall to offer instant messaging through Communicator Inc

Fxall to offer instant messaging through Communicator Inc

12 May 2003  |  3969 views  |  0 comments
Wachovia and BankServ team for e-cheque conversion service

Wachovia and BankServ team for e-cheque conversion service

25 April 2003  |  3472 views  |  0 comments
Wachovia launches Online FX platform

Wachovia launches Online FX platform

22 April 2003  |  4553 views  |  0 comments
Wachovia releases CyberImport LC Web application

Wachovia releases CyberImport LC Web application

08 April 2003  |  3044 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9947 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9919 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8264 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7723 views 0 | 1 tweets | 8 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7659 views comments | 13 tweets | 7 linkedin