Data Privacy Specialist Gets Funds for Expansion

Privacy Analytics, which helps protect the privacy of personal data used for analysis and research purposes, has closed an undisclosed round of investment funding, which it plans to use to expand its sales and marketing efforts.

The company offers a data de-identification and masking tool called PARAT, which quantifies, assesses and manages the risks associated with disclosing health, consumer and financial data for secondary purposes. The firm says this eliminates the need to obtain individual consent for these secondary data uses, and enables data to be used without the risk of identifying individuals.

Privacy Analytics' latest funding has been provided by the BDC IT Venture Fund and the Capital Angel Network.

Company founder and CEO Khaled Emam (pictured) comments: 'We give our clients the ability to cost-effectively execute big data analytics on their databases, share that data with the confidence that personal privacy is respected, and still provide the highest quality data needed by complex business intelligence tools. In effect, we have democratized valuable customer or patient data for many other uses.'

Web site: www.privacyanalytics.ca .