Liquid Closes Series C

WALTHAM, Mass. -- Liquid Machines, Inc., the leading provider of Enterprise Rights Management solutions, announced that it has closed its Series C financing with $7.5 million from both new and existing investors. Goldman, Sachs & Co. (NYSE: GS), the lead investor in the round, has joined existing investors Atlas Venture, Masthead Ventures and Draper Fisher Jurvetson in supporting Liquid Machines' accelerated growth and global expansion. The funds will be used to build on Liquid Machines' success in the commercial and public sector markets and to fuel the company's international expansion to meet the emerging demand for its enterprise rights management solution.

Goldman, Sachs & Co. is a Liquid Machines customer and relies on the Liquid Machines solution as a core component of its information protection strategy. "We see a significant part of our ongoing information protection strategy to be able to carry that protection with the information itself, not just to the containers of information. Enterprise rights management, and in particular Liquid Machines, will continue to be a significant enabler of this strategy," said Phil Venables, Managing Director and Chief Information Risk Officer, Goldman Sachs.

"More and more leading enterprises and government agencies rely on Liquid Machines to protect their most sensitive information," said Mike Ruffolo, Chief Executive Officer at Liquid Machines. "Our innovative ERM software uniquely solves the biggest problem today in information security -- protecting the data itself. Goldman Sachs' dual role as lead investor and marquee customer validates the importance of our solution and its benefits. We're focused on making Liquid Machines Enterprise Rights Management software the global standard for securing data throughout the enterprise. This round of financing brings us closer to achieving this vision."

Liquid Machines Inc.