02.10.08 | Incubator | CodaSystem

CodaSystem is proud to announce a successful investment round of 3 million euros with the technological investment fund Seventure Partners.

CodaSystem provides the first integrated solutions of digital proofs creation. The products are based on the most advanced security technologies like Cryptography, Steganography, Audiovisual Watermarking, Digital Signature and Time Stamping. The technology works on latest-generation camera phones (smartphones), PDA phone and soon on I Phone and Blackberry.

The pictures are geo-localized (via satellite, GSM triangulation or WIFI triangulation) timestamped, tattooed and signed by the authors. Service providers can use such pictures to have a legal proof of their services or as a control mechanism when outsourcing activities. The software allows any professional to prove what has been done, when, where and by whom, by means of a single encrypted and secured picture. Clients can benefit from the convenience of digital documents while avoiding any risk of divulgation to non-authorised third parties or modification of the content. The only alternatives to these digital proof pictures to date are heavy and costly certified or official statements and reports.

The incriminating evidence of CodaSystem's pictures has been certified by several legal and technical audits and is based on the total control of the production, encryption, archiving and diffusion process, and the conformity to the most advanced rules and norms concerning the signature, the exchange and the electronic storage of information. In this way, CodaSystem decided in 2007 to run on the ISO / IEC 27001 certification it obtained in early September 2008. CodaSystem in now the first organization in Luxembourg to be certified ISO/IEC 27001 to bring the proof of its safety processes and increase the trust of its customers.

The company's innovation has already been rewarded on the market by quick adoption of its technology in specific target industries. Already present in the construction, real estate and security business, CodaSystem enables its customers to gain from the benefits of digital tools while reducing risks and costs often associated with their usage.

CodaSystem’s solution of digital pictures certification marketed by the company since 18 months enjoys a very strong growth with the doubling of the park of displays. This round will allow CodaSystem to amplify and to accelerate its development and to get ready for the international challenges to come. “This new financial round, allows us to multiply tenfold our efforts. We are particularly going to develop our indirect and international partnerships with the operators, the manufacturers and the integrators, while strengthening our team of direct marketing on our flagship product " Shoot and Proof ”which allows all with a simple mobile phone to set digital pictures”, said Frédéric Levaux, CEO of CodaSystem.

Fields of expertise: Software Editor
Brand: CodaSystem, Shoot&Proof, Codamobile
Employees: 16
Clients: Construction, Real estate and Security business, Merchandising…
Geographical coverage: Worldwide

CodaSystem SA; 66 rue de Luxembourg; L-4221 Esch-sur-Alzette; Tel: +352 54 55 80-476; FAX: +352 54 55 80-477; www.codasystem.com, www.shootandproof.com or contact frederic.vanholder@codasystem.com