Ultra-secure data management solution provider raised $1 million


OceansBlue Systems closed on a $1 million equity financing round raised from five investors. The private placement was initiated in March of this year. Some of the securities were issued for sweat equity purposes (employment and consulting agreements). The company raised $5 million early this year from one investor.

The company provides ultra-secure data and asset management solutions. It is developing a patented data security technology and methodologies for storing sensitive data online and in private or public clouds.

OceansBlue Systems, headquartered in Las Vegas NV, was registered in December 2012 and founded in 2009. The company elected not to disclose its revenues and has less than 50 employees. The executive team includes: Rogel Patawaran, Mehmet Adalier, Jack Jacobs, and Philmore Anderson IV.

Recap:
Status: Closed
Sold: $1,000,000
First sale: 04/01/13

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