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Vordel snags $10 million

Vordel said Tuesday that it raised a $10 million second round of funding, led by Elderstreet. Other investors included DrKW, ICC Venture Capital, Intel 64 Fund and previous investor Powerscourt Nominees. Dublin, Ireland-based Vordel added representatives from Elderstreet and ICC to its board. Vordel has raised a total of $11.5 million. The software company provides secure transmission of company data. The software is designed to verify the information via digital signature, confirm that the individual had the authority to make the purchase or send the data, and ensure the information transmitted had not been changed.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Vordel said Tuesday that it raised a $10 million second round of funding, led by Elderstreet. Other investors included DrKW, ICC Venture Capital, Intel 64 Fund and previous investor Powerscourt Nominees. Dublin, Ireland-based Vordel added representatives from Elderstreet and ICC to its board.

Vordel has raised a total of $11.5 million. The software company provides secure transmission of company data. The software is designed to verify the information via digital signature, confirm that the individual had the authority to make the purchase or send the data, and ensure the information transmitted had not been changed.