<p>The deal is due to close on Monday and will then be announced to the public, TheMarker said on Sunday.<br /><br />Guardium started as an Israeli firm in 2002 but moved to Boston in 2003. It has about 60 employees and all will profit from the sale, TheMarker cited a source close to the company as saying.<br /><br />The company had raised $21 million from venture capital funds such as Ascent Venture Partners, Israel’s StageOne Ventures and Veritas, and Cisco Systems, the paper said. Guardium is a subsidiary of Israel’s Log-On Software. Officials at Log-On declined to comment.</p>
<p>The deal is due to close on Monday and will then be announced to the public, TheMarker said on Sunday.<br /><br />Guardium started as an Israeli firm in 2002 but moved to Boston in 2003. It has about 60 employees and all will profit from the sale, TheMarker cited a source close to the company as saying.<br /><br />The company had raised $21 million from venture capital funds such as Ascent Venture Partners, Israel’s StageOne Ventures and Veritas, and Cisco Systems, the paper said. Guardium is a subsidiary of Israel’s Log-On Software. Officials at Log-On declined to comment.</p>