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Newsletter -- Week Ending May 31, 2006

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New Reports -- We've selected two new report topics to focus on during the summer.  The first report will be an updated look at what's been going on in the Wide Area Networking market.  The past twelve months have seen a lot of changes -- mergers and acquisitions, new product introductions, the rollout of VoIP and the widespread use of DSL have done a lot to change the WAN landscape and the branch office networking market.  We think it's the perfect time to take a fresh look at what branch office customers are thinking.  The second report will focus on our expectations regarding the impact that Exchange 2007 will have on the messaging market (see below).  As always, we welcome your input regarding these subjects -- jkatsaros@irg-intl.com.

EMC Gobbles Up nLayers:  We had a briefing all set with nLayers about their latest functional release when it got pre-empted by the news that EMC had acquired them. Others in the press have reported a $50M transaction which if true is a nice return on the less than $10M in, and a quite palatable price for a big company. We'll have to wait for the honeymoon period to end but for now they paint an expansive picture of this being the beginning of a serious EMC applications management thrust (EMC certainly has strong standing as a data center vendor and a proven provider of data management). All of this is particularly interesting because the nLayers offering is packaged as take-it-out-and-run-it appliance and does a lot of useful work without requiring credentialed access to the target systems.  Becoming part of EMC will either be a great boost for them or kill them we guess. If it's the latter we hope it's quick.

Low Millions -- A McAfee spokesperson stated that its acquisition of Preventsys on Tuesday was in the "low millions." This couldn't have been good news for its investors who put in $19.2M or for that matter for its employees.  What's worse is that other companies wandering around in the risk management/compliance/policy management space can't be all that happy either with this outcome.  A small valuation coupled with McAfee getting its hands on this technology isn't the sort of thing that makes a policy oriented startup do cartwheels.  Perhaps it would have been better for everyone if McAfee just offered up a "no comment" on the deal size.

Rolling Thunder -- Earlier last week Microsoft unveiled a bit more of its Exchange 2007 plans with what it refers to as Built-In Protection which includes mail hygiene (virus and spam), in transit security and regulatory compliance functionality.  Rather than unveiling all that's happening with Exchange 2007 in one swoop, Microsoft makes it more interesting by pushing out pieces of information a little at a time.  (This week the Exchange group is announcing new mobility features in 2007.)  It's clear from what they showed that they're clearly planning on moving onto the Windows Server platform much of what's done today externally by e-mail appliances.  Since the bulk of the e-mail community is on Exchange, these changes may disrupt market share in e-mail security from what it is today.  Exchange 2007 is a pretty big transition that holds the potential for shaking up this infrastructure market sector.  We've decided to treat it as a subject in an upcoming research report.  If you've got thoughts on it one way or the other, send us a note jkatsaros@irg-intl.com.

Blue Security Tosses in the Towel:  In a conclusion that you would only expect in a daytime soap, Blue Security threw in the towel and gave up on their anti-spam plans. The details of what happened exceed the space here (or the interest of an average reader) but there is a lot to chew on and try and understand. If you don't understand how frail our Internet is or the potentially lethal power in today's BotNets, this should be a call to action. What's hardest to understand is how security "experts" (the Blue Security team was experienced) could have created an infrastructure so vulnerable. We may never know that, but if they failed to plan adequately for the future, what's the hope for people who know even less? 

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Inbox (the meeting) Happenings -- Maybe we're just desperate for a little entertainment, but Inbox seems to have life left in it.  We helped with some fun panels. Our notions of the importance of reputation continue to thrive (although we guess we have to accept poor marks for communication because the core ideas are still mysterious to many). The most interesting panel was the 2006 version of the New Threats discussion. Although in some ways it seems like we're making progress, when you hear of what's happening it's sort of like taking a throat swab and discovering that you have drug-resistant staph living there. Mark Sunner from Message Labs estimated that 60% of the PC's resident on broadband consumer networks have been infected with some virus and are potentially BotNet slaves.  You don't want to do the math and estimate the potential DDoS attacks possible if you command only a small percentage of them. The panelists also generally agreed that at times during the last year over 90% of the network mail traffic was intended to infect systems (90% of ALL the traffic). Perhaps it is finally time to get out the Duct Tape and cover over the network access ports. We tried to get them to comment on the potential impact of XP SP2 and Vista but none would take the bait.

Vista Lives I've been sort of running Vista since the CTP Beta came out in February with the intention being to see what the new security is like. Up through last week it was a painful reminder of what it's like to try to use unfinished software, and what the semantic difference is between "should be able to run Vista" and "runs Vista." The new Beta that came out last week is a big step up. Those that think Vista means Vaporware are losing their argument.  For us the most fascinating question is if you accept at face value that the intrinsic security is much better than pre XP SP2 systems, how many enterprises will do the math and install more quickly than in the past?

Is Better Best?  Many of you are familiar with our Peet's Coffee watch, our simple little way to figure out how well Silicon Valley is doing based on the car types, line length and the power meetings that are happening at the Peet's Coffee across the street from our offices, we thought we'd bring you up to date on the new coffee place that's opened up in downtown Los Altos -- Mr. English.  Since it's just a few doors down from Peet's and just around the corner from Starbucks, you might wonder why they chose this particular location.  (They told us that they like the town a lot.)  In any event, we tried their coffee and it's delightful as are the owners.  Time will tell whether having the better product can win out over an established brands and their strategic locations.  Next time you come over here we'll buy you a cup.

Funding News --  Eighteen infrastructure companies received $152M in venture investment over the past couple of weeks.  It sure seems like the week by week numbers for infrastructure investments have dropped off in the past few months.  It wasn't that long ago that $152M would have been an average week. 

Date

Company

Sector

Detail

Amount
($millions)

Total
Investment
($millions)

Investors

5/24

Sourcefire

Network Intrusion Prevention

 

$20.0

 

Meritech Capital Partners with Sierra Ventures, New Enterprise Associates, Sequoia Capital, Core Capital Partners, and Inflection Point Ventures

5/17

Imperva

Data Security

Series C

$17.0

$33.7

Greylock Partners with Accel Partners, US Venture Partners, and Venrock Associates

5/24

Zeugma Systems Inc.

Telecom

 

$13.5

 

Granite Ventures, Ventures West and Yaletown Venture Partners and GrowthWorks Capital Ltd

5/15

Identity Engines

ID Management Solutions

Series B

$13.0

$21.7

Trinity Ventures and joined by Horizon Ventures and Lightspeed Venture Partners

5/11

Mavenir Systems Inc.

Mobile Technology

 

$13.0

 

 

5/11

MarkMonitor

Corporate ID Protection

 

$12.0

 

Cargill Ventures, Focus Ventures, Foundation Capital and Institutional Venture Partners

5/25

Applied Identity

Identity-Driven Authorization Mechanisms

Series B

$12.0

$23.0

OVP Venture Partners with Bay Partners, Sigma Partners and Globespan Capital Partners

5/22

NeoPath Networks

File Storage Virtualization

 

$11.0

 

Cisco Systems and August Capital, DCM-Doll Capital Management and Gabriel Venture Partners

5/22

KACE

IT Automation Appliances

Series B

$8.0

 

 

5/24

FirstHand Technologies (formerly SIPquest)

IP Multimedia Subsystem Architecture

Series C

$7.0

 

BDC Venture Capital with Covington Capital and Skypoint Capital

5/15

Guardium

Database Security Software

Series C

$6.3

 

Cisco

5/30

Breach Security

Web Application Security

Series B

$6.0

 

Sid R. Bass Associates and Enterprise Partners Venture Capital

5/22

Straitshot Communications

Enterprise VoIP

Series B

$5.5

 

Claritage Capital

5/15

Fusepoint Managed Services Inc.

Outsourced Application Services

 

$3.0

 

La Capitale Insurance and Financial Services

5/22

Simplicita

Network Security

Series A

$2.1

 

FFP Holdings

5/30

Qlayer

Virtualization Management Software

Series A

$1.7

 

Big Bang Ventures

5/25

SynapSense Corp.

Sensor Networking Software

Series A

$1.0

 

 

5/24

Nistica

Optical Subsystems

Series A

 

 

PA Early Stage, Technology Venture Partners and other investors

Quarterly Reports  -- Network Appliance, advanced networked storage solutions, reported results for the Q4 FY2006. Revenues for the fourth fiscal quarter were $598.0M, an increase of 32% compared to revenues of $451.8M for the same period a year ago and an increase of 11% compared to $ 537.0M in the prior quarter.

Mergers & Acquisitions -- IBM to acquire Rembo Technology, software that helps organizations automatically install or upgrade operating systems on thousands of servers, laptops and desktop computers simultaneously. Expand Networks to purchase DiskSites, wide-area file services (WAFS) software that optimizes the delivery of applications to distributed organizations. Fortinet, multi-threat security solutions, acquired all pending patents and related intellectual property (IP) assets of CoSine Communications, Internet Protocol (IP) Service Delivery Platform. SteelEye Technology, business continuity and disaster recovery software on Linux and Windows, signed an agreement to merge with and become a wholly-owned subsidiary of Japanese business partner, Ten Art-ni, product and integration specialist. Protegrity Corporation, data security management solutions, acquired OmniSecure,  file-level encryption, and recently released Protegrity's Defiance 4.0 Security Suite covering application and database security.

Partnerships -- Opalis Software, integration software and Perspective Group, performance and risk management solutions, partnered to expand into Denmark. InfiNet Wireless, Broadband Wireless Access and pre-WiMAX equipment for last mile connectivity, and Commetrex, fax technology, have formed a partnership to incorporate Commetrex' exclusive Fax Triangle licensed technology with InfiNet's new InfiVoX VoIP media system.. Openwave Systems, open software products and services, and Cloudmark, secure messaging, announced that their integrated anti-spam solution, implemented by Otsuka Corporation now protects Alphamail Standard/Platinum email service users from nearly all spam entering the company's network. Airtight Networks, wireless perimeter security solutions, partnered with CWNP, wireless LAN training and certification. SSH Communications Security Corp., enterprise security solutions and end-to-end communications security, teamed with Centrify Corporation to test and verified interoperability of their respective solutions on all platforms they share in common. MetaInfo, DHCP-based security solutions, partnered with Qualys for Network Access Management (NAM) to enable on-demand scanning of hosts. Nortel introduced the Nortel Application Switch with Symantec Intelligent Network Protection, a collaborative effort between Nortel and Symantec to ensure critical threats are identified and stopped before they can penetrate a company's network infrastructure and impact business. Expernet will sell Packet Design's Route Explorer and Traffic Explorer products to a wide range of South Korean enterprises and service providers.

Product News -- AirTight Networks, wireless perimeter security solutions, announced four new products which combine into AirTight's four-tiered network architecture to secure and manage networks supporting millions of wireless devices and SpectraGuard Enterprise will detect and correctly identify pre-standard 802.11n APs. Fortinet, multi-threat security solutions, introduced a new load-balancing switch and high-performance security blades for its FortiGate-5000 Series, AdvancedTCA (ATCA)-compliant security systems. Cloudmark, messaging security solutions, is announcing an automated reporting interface, Cloudmark Network Feedback System, that allows subscribers to email services to actively participate in the live reporting of messaging threats, and allows service providers to measure and demonstrate success in blocking spam, phishing and virus attacks. LastMile Communications Limited, secure, edge-of-network wireless content delivery solutions, has joined IBM's jStart program and will enable the company to fast track the development of its suite of software for both its WDirect 1000 Information Node and its Harvester software for mobile devices. Ingrian Networks, data privacy solutions, released the Ingrian i110 DataSecure Platform enabling central management and easy integration of encryption helping organizations achieve PCI compliance. PacketMotion, Identity Intelligence solutions for the enterprise, announced new real-time data management capabilities for the company's PacketSentry internal network security solution. Cambia Security, security policy enforcement software, released enhanced capabilities and features for its flagship product, Cambia CM. SSH Communications Security Corp., enterprise security solutions and end-to-end communications security, announced IBM ServerProven certification for its SSH Tectia Server for IBM z/OS product. Entrust will extend the Entrust IdentityGuard multi-factor authentication platform to include an ability to interoperate with VASCO's Digipass and VACMAN Controller strong authentication.

The new IBM WebSphere DataPower SOA appliances and SOA security consulting services to help businesses fend off threats from the estimated 85 percent of malware -- including computer hacking, consumer identity theft crimes, viruses or other security vulnerabilities. Massively Parallel Technologies Massively Parallel Technologies, (Massively), on-demand high-performance computing (HPC), announces fingerprint match rates of 465,000 records per second using only its advanced, patented HOWARD software technology and its high-performance BLAST, on-demand software service, to make a priori estimates of sequence search times. Exinda Networks combined two new technologies onto a single appliance to achieve more efficient network management.  Exinda's new technologies are Application Acceleration and Application Response Measurement. Ipanema Technologies, application traffic management systems for wide area networks (WANs), enhanced its Cooperative Optimization solution with a tele-optimization function that optimizes meshed flows (in some-to-many or many-to-many network configurations) over WANs without requiring devices being deployed at branch offices. Keynote Systems, subscription--based services that improve the performance of online business and communications technologies, announced a new version of Streaming Perspective, for measuring the quality and reliability of audio and video streams from multiple geographic locations around the world. Workshare announced  availability of the  Workshare Trace Enterprise Network risk assessment appliance and Trace Enterprise Client software-a powerful set of tools that provide visibility into outbound content security risks to help prevent any confidential or sensitive information from leaking outside the organization. Network Appliance, as a charter member of the SAP Enterprise Services Community Program,  to build out a single unified storage platform in support of the SAP NetWeaver platform. Tarari Inc. announced a new Random Access XML for Java - the RAX-J, an efficient API that runs on top of the Tarari's family of  silicon-based Content Processors and allows DOM and SAX processing stacks to be optimized in enterprise applications.

SSL VPN company Aventail Corp., remote access company, launched a temporary license to prepare for planned or unplanned spikes in user traffic, the Aventail Spike License Pack, an add-on license. Reef Point Systems introduced their IMS Security Gateway and channel partnership with Alcatel, and partnerships with Kineto Wireless, Certicom, and BridgePort/MobileIGNITE. Alternative Technology, specialty distributor of thin-client/server-based computing, edge infrastructure, and Government-approved security solutions, added Radware to its GSA Schedule.

Customer Wins -- Thibodaux Regional Medical Center used the AEP Netilla Security Platform (NSP) SSL VPN solution to provide remote access for doctors in an emergency service temporary hospital set up to care for Hurricane Katrina victims. Pandora, an online music listening and discovery service, has increased its usage of the Internap Performance IP service to optimize continued audio streaming of Pandora's collection of music, powered by their Music Genome Project. Mitsubishi Electric selected Lantronix XPort technology for its DLP projectors. Mitsubishi has incorporated the XPort into their XGA DLP projectors in the US and two other models sold for the Japanese market. EMC Corporation is licensed to utilize Nexaweb's industry-leading Rich Internet Application (RIA) software in EMC's storage and information management products.

Momentum Releases -- Proofpoint, large-enterprise messaging security solutions reported results for Q1 2006, reporting that Q1 2006 bookings increased by 88% year-over-year from Q1 2005. Proofpoint continued to expand its customer footprint as new business bookings for the quarter increased 31% sequentially over Q4 2005. Activity in the quarter also included the closure of $20 million in new financing. And, PostX, encrypted email  communications, encrypts over 100 million outbound email messages and has been deployed to more than ten million users and has helped to safeguard brand value and customer loyalty for some of the world's largest companies including HSBC, Allstate, the Mayo Clinic, Children's Hospital and many more.

Executives On The Move --  Aperto Networks, WiMAX base stations and subscriber units, selected Michael Pratt as president and chief executive. Intrusic, IT security, announced that James Mobley has joined the company as its chief executive officer. GlobalServe, global IT Solutions for multinational corporations, has appointed Scott D. Thompson as CEO. Stampede Technologies, enterprise acceleration solutions, expanded its outside Board of Directors to include Alok Mohan. GroundWork Open Source, open source-based IT operations management solutions, hired Craig Thomas as the company's new Chief Architect and Chief Technology Officer. SunRocket, Internet phone service, named Robert Kramer chief information officer. Jacklyn A. Karceski hired as Vice President of Finance at Application Security. Bit9, endpoint security, appointed Tom Murphy as its new Chief Marketing Officer. FilesX Inc., application security, has hired Ron Corriveau, its new vice president of strategic alliances, and Robert Kelly, new director of business development.

Apani Networks, enterprise network security software selected Dean Norman as the company's new vice president of sales for North America. Network Chemistry, wireless security, appointed Stewart Fox as vice president of sales. Imperva, data security for the data center, named Jim Drill as Vice President of Worldwide Sales. Riverbed, network optimization, appointed  Scott Downie and Ken McDonald as vice presidents in support and worldwide sales engineering respectively. Robert J. Courtney, Jr. becomes Vice President of North American Sales at Stampede Technologies, Internet acceleration systems and enterprise network performance solutions. Cambia Security, security policy enforcement software, expanded to the Northeastern U.S. with the addition of Rich Salerno. OpenLogic, software, stacks and services that enable enterprises to deploy and manage customized open source environments, appointed Sean Curley, Kim Weins, and Gabriel Weitzner join OpenLogic as vice president of engineering, vice president of marketing, and international sales director respectively. NeoPhotonics Corporation, optical components for the telecommunications industry, announced the appointment of John A. Teegen as Senior Vice President of Worldwide Sales.

See links below for the complete text of those items mentioned above plus other news.

The InternetAcceleration newsletter and www.internetacceleration.com are produced by Internet Research Group. For more information or to keep us updated, contact John Katsaros at jkatsaros@irg-intl.com.

Product News

AirTight Networks Announces Four-Tiered Network Architecture
AirTight Networks, wireless perimeter security solutions, announced four new products which combine into AirTight's four-tiered network architecture to secure and manage networks supporting millions of wireless devices...more>

Reef Point Systems' IMS Security Gateway
Reef Point Systems introduced their IMS Security Gateway, announced a channel partnership with Alcatel, and partnerships with Kineto Wireless, Certicom, and BridgePort/MobileIGNITE...more>

Cloudmark Automated Feedback System Helps Service Providers & Customers Combat Messaging Threats
Cloudmark, messaging security solutions, is announcing an automated reporting interface, Cloudmark Network Feedback System, that allows subscribers to email services to actively participate in the live reporting of messaging threats, and allows service providers to measure and demonstrate success in blocking spam, phishing and virus attacks...more>

Massively Parallel Technologies Demonstrates Unprecedented Scalability and Price-Performance
Massively Parallel Technologies, (Massively), on-demand high-performance computing (HPC), announces fingerprint match rates of 465,000 records per second using only its advanced, patented HOWARD software technology...more>

Exinda Network's New Network Management Products
Exinda Networks combined two new technologies onto a single appliance to achieve more efficient network management.  Exinda's new technologies are Application Acceleration and Application Response Measurement...more>

Fortinet announces 10G offering
Fortinet, multi-threat security solutions, introduced a new load-balancing switch and high-performance security blades for its FortiGate-5000 Series, AdvancedTCA (ATCA)-compliant security systems...more>

Ipanema Enhances Cooperative Optimization for WANs
Ipanema Technologies, application traffic management systems for wide area networks (WANs), enhanced its Cooperative Optimization solution with a tele-optimization function that optimizes meshed flows (in some-to-many or many-to-many network configurations) over WANs without requiring devices being deployed at branch offices...more>

Keynote Announces New Version of Streaming Perspective
Keynote Systems, subscription--based services that improve the performance of online business and communications technologies, announced a new version of Streaming Perspective, for measuring the quality and reliability of audio and video streams from multiple geographic locations around the world...more>

Workshare Delivers Trace Enterprise Network And Endpoint Risk Assessment Tools
Workshare announced  availability of the  Workshare Trace Enterprise Network risk assessment appliance and Trace Enterprise Client software-a powerful set of tools that provide visibility into outbound content security risks to help prevent any confidential or sensitive information from leaking outside the organization...more>

IBM's JStart Program Jump-Starts Software Development
LastMile Communications Limited, secure, edge-of- network wireless content delivery solutions, has joined IBM's jStart program and will enable the company to fast track the development of its suite of software for both its WDirect 1000 Information Node and its Harvester software for mobile devices...more>

IBM Announces New Appliances and Security Consulting Services
The new IBM WebSphere DataPower SOA appliances and SOA security consulting services can help businesses fend off threats from the estimated 85 percent of malware -- including computer hacking, consumer identity theft crimes, viruses or other security vulnerabilities...more>

AirTight Networks Announces Security Coverage for Pre-standard 802.11n APs
AirTight Networks, wireless perimeter security solutions, announced that SpectraGuard Enterprise will detect and correctly identify pre-standard 802.11n APs, which create a potential wireless security risk...more>

NetApp Manageability Software Achieves SAP Endorsement
Network Appliance, as a charter member of the SAP Enterprise Services Community Program, remains dedicated and focused on building out a single unified storage platform in support of the SAP NetWeaver platform...more>

Massively's BioTech Virtual First to Deliver Job Completion Prediction Capability
Massively Parallel Technologies, Inc. (Massively), a provider of on-demand high-performance computing, announced today that its Powered by HOWARD high-performance BLAST is the first commercial on-demand software service to make a priori estimates of sequence search times...more>

Alternative Technology Adds Radware to its GSA Schedule
Alternative Technology, specialty distributor of thin-client/server-based computing, edge infrastructure, and Government-approved security solutions, added Radware to its GSA Schedule...more>

Aventail Launches First Remote Access Spike License Pack for Disaster Recovery
SSL VPN company Aventail Corp., remote access company, offering its customers a temporary license to prepare for planned or unplanned spikes in user traffic, the Aventail Spike License Pack, an add-on license...more>

Ingrian Breaks Encryption Price Barrier with New DataSecure Platform
Ingrian Networks, data privacy solutions, released the Ingrian i110 DataSecure Platform enabling central management and easy integration of encryption helping organizations achieve PCI compliance...more>

PacketMotion Custom Application and Excel Support
PacketMotion, Identity Intelligence solutions for the enterprise, announced new real-time data management capabilities for the company's PacketSentry internal network security solution...more>

Cambia Releases Enhanced Security Policy Enforcement Software
Cambia Security, security policy enforcement software, released enhanced capabilities and features for its flagship product, Cambia CM...more>

Tarari Silicon Accelerates Java XML Systems
Tarari Inc. announced a new Random Access XML for Java - the RAX-J, an efficient API that runs on top of the Tarari's family of  silicon-based Content Processors and allows DOM and SAX processing stacks to be optimized in enterprise applications...more>

SSH Announces IBM ServerProven Certification
SSH Communications Security Corp., enterprise security solutions and end-to-end communications security, announced IBM ServerProven certification for its SSH Tectia Server for IBM z/OS product...more>

Entrust IdentityGuard add support for Vasco DigiPass and Microsoft
Entrust will extend the Entrust IdentityGuard multi-factor authentication platform to include an ability to interoperate with VASCO's Digipass and VACMAN Controller strong authentication...more>

Corporate News -- Funding News

Fusepoint Signs $3 million Application Development Contract with La Capitale
Fusepoint Managed Services Inc., outsourced application and IT services, signed an agreement worth more than $3 million with La Capitale Insurance and Financial Services...more>

Big Bang Ventures Announces Investment in Qlayer
Qlayer, virtualization management software, received $1.7M (EUR 1.3M) in first round financing from Big Bang Ventures...more>

Breach Security Announces New Investment
Breach Security, web application security technology that protects privileged information from targeted Internet attacks, received $6 million in Series B financing from Sid R. Bass Associates and Enterprise Partners Venture Capital...more>

Applied Identity Secures $12MM in Series B Funding
Applied Identity, identity-driven authorization mechanisms for internal networks, raised $12 million in Series B funding. The lead investor was OVP Venture Partners with Bay Partners, Sigma Partners and Globespan Capital Partners. Applied Identity has raised a total of $23 million in venture funding since it's inception in 2003...more>

SynapSense Raised $1M in Series A Funding
SynapSense Corp., sensor networking software, raised $1 million of a planned $2 million Series A round of financing for its product for beta testing by the end of the year according to VentureWire.
...more>

Zeugma Systems Inc. Announces US$13.5m Financing
Zeugma Systems Inc., telecommunications system for next generation, high speed broadband networks, completed a US$13.5 million financing led by Granite Ventures, Ventures West and Yaletown Venture Partners and GrowthWorks Capital Ltd...more>

Sourcefire Raises $20 Million In Late-Stage Funding
Sourcefire, network intrusion prevention, secured $20 million in late-stage funding led by Meritech Capital Partners with Sierra Ventures, New Enterprise Associates, Sequoia Capital, Core Capital Partners, and Inflection Point Ventures...more>

Nistica Receives Series A Financing
Nistica, optical subsystems developer, receives series A funding from PA Early Stage, Technology Venture Partners and other investors...more>

SIPquest Changes Name to FirstHand Technologies and Obtains $7 Million US in Series C Funding
SIPquest Changes Name to FirstHand Technologies and Obtains $7 Million US in Series C Funding from BDC Venture Capital with Covington Capital and Skypoint Capital...more>

Simplicita Secures $2.1M in Financing
Simplicita, frees carrier networks from zombies, today announced that it has raised $2.1 million in Series A venture capital financing led by FFP Holdings...more>

KACE Selects $8M Series B  Funds
KACE, IT automation appliances, received $8M in financing led by C. Robert Abbott, general partner at Norwest Venture Partners, will join Peter Solvik, Managing Director of Sigma Partners and the former CIO of Cisco Systems, on KACE's board of directors...more>

NeoPath Networks Closes $11 Million Financing
NeoPath Networks, file storage virtualization solutions, received $11 million in a funding round that included Cisco Systems and August Capital, DCM-Doll Capital Management and Gabriel Venture Partners.  The company also appointed former Network Appliance executive Ali Zadeh to be chief operating officer...more>

Straitshot Raises $5.5M Series B
Straitshot Communications, enterprise VOIP, raised $5.5M of a planned $7.4 million Series B round of funding from Claritage Capital...more>

Imperva Raises $17M in Series C Financing
Imperva, data security for the data center, raised $17 million in a Series C round of venture capital financing from Greylock Partners with Accel Partners, US Venture Partners, and Venrock Associates. The company has raised a total of $33.7 million in three rounds of financing for the SecureSphere product line...more>

Guardium Closes Strategic Investment Round
Guardium, database security software, has raised a $6.3 million Series C round
from Cisco...more>

Identity Engines Raises $13M in Series B Funding
Identity Engines, network-based identity management solutions, completed its Series B round of funding of $13 million led by Trinity Ventures and joined by Horizon Ventures and Lightspeed Venture Partners. This round brings the total amount of financing the company has raised to date to $21.7 million...more>

MarkMonitor Secures $12 Million in Financing
MarkMonitor, online corporate identity protection, closed $12 million in venture capital investment led by Cargill Ventures, Focus Ventures, Foundation Capital and Institutional Venture Partners...more>

Mavenir Raises $13M
Co-founders of IPmobile, Rashad Ali and Pulin Patel, have launched Mavenir Systems Inc., a new mobile technology company by raising $13M, according to VentureWire
...more>

Quarterly Results

 

 

NetApp Q4 & FY06 Results
Network Appliance, advanced networked storage solutions, reported results for the fourth quarter and fiscal year 2006. Revenues for the fourth fiscal quarter were $598.0 million, an increase of 32% compared to revenues of $451.8 million for the same period a year ago and an increase of 11% compared to $ 537.0 million in the prior quarter...more>

Corporate News -- Mergers & Acquisitions

   

SteelEye Technology Completes Merger with Japanese Open Source Leader Ten Art-ni Corporation
SteelEye Technology, software solutions for business continuity and disaster recovery on Linux and Windows, signed an agreement to merge with and become a wholly-owned subsidiary of Japanese business partner,Ten Art-ni, product and integration specialist...more>

Protegrity Acquires OmniSecure
Protegrity Corporation, data security management solutions, acquired OmniSecure,  file-level encryption, and recently released Protegrity's Defiance 4.0 Security Suite covering both application and database security. The acquisition of OmniSecure comes seven months after Protegrity acquired Kavado, application security vendor...more>

 

Fortinet acquires CoSine IP
Fortinet,  multi-threat security solutions, acquired all pending patents and related intellectual property (IP) assets of CoSine Communications, Internet Protocol (IP) Service Delivery Platform...more>

IBM Acquires Rembo Technology
IBM to acquire Rembo Technology, software that helps organizations automatically install or upgrade operating systems on thousands of servers, laptops and desktop computers simultaneously...more>

Expand Networks Acquires DiskSites
Expand Networks signed an agreement to acquire DiskSites, wide-area file services (WAFS) software that optimizes the delivery of applications to distributed organizations...more>

Corporate News -- Partnerships

Opalis Expands Automation Technology into Denmark
Opalis Software, integration software and Perspective Group, performance and risk management solutions, partnered to expand into Denmark...more>

Commetrex And Infinet Wireless Announce Partnership
InfiNet Wireless, Broadband Wireless Access and pre-WiMAX equipment for last mile connectivity, and Commetrex, fax technology, have formed a partnership to incorporate Commetrex' exclusive Fax Triangle licensed technology with InfiNet's new InfiVoX VoIP media system...more>

Openwave and Cloudmark Integrated Solution Strengthens Otsuka Corporation
Openwave Systems, open software products and services, and Cloudmark, secure messaging, announced that their integrated anti-spam solution, implemented by Otsuka Corporation now protects Alphamail Standard/Platinum email service users from nearly all spam entering the company's network...more>

Airtight Networks Partners With Cwnp
AirTight Networks, wireless perimeter security solutions, partnered with CWNP, the industry standard for wireless LAN training and certification...more>

 

SSH and Centrify Team Up to Deliver Secure Communications
SSH Communications Security Corp., enterprise security solutions and end-to-end communications security, teamed with Centrify Corporation to test and verified interoperability of their respective solutions on all platforms they share in common...more>

Qualys and MetaInfo Announce Partnership
MetaInfo, DHCP-based security solutions, partnered with Qualys for Network Access Management (NAM) to enable on-demand scanning of hosts...more>

Nortel, Symantec Secure Enterprise Networks Against Intrusions, Vulnerabilities
Nortel introduced the Nortel Application Switch with Symantec Intelligent Network Protection, a collaborative effort between Nortel and Symantec to ensure critical threats are identified and stopped before they can penetrate a company's network infrastructure and impact business...more>

Expernet to resell Packet Design in S. Korea
Expernet will sell Packet Design's Route Explorer and Traffic Explorer products to a wide range of South Korean enterprises and service providers...more>

Customer Wins

AEP Networks' SSL VPN Helps Lessen Critical Medical Situation
Thibodaux Regional Medical Center used the AEP Netilla Security Platform (NSP) SSL VPN solution to provide remote access for doctors in an emergency service temporary hospital set up to care for Hurricane Katrina victims...more>

Internap Helps Pandora Deliver Smooth Music Listening Experience
Pandora, an online music listening and discovery service, has increased its usage of the Internap Performance IP service to optimize continued audio streaming of Pandora's collection of music, powered by their Music Genome Project...more>

Mitsubishi Selects Lantronix M2M Technology for its DLP Projectors
Mitsubishi Electric selected Lantronix XPort technology for its DLP projectors. Mitsubishi has incorporated the XPort into their XGA DLP projectors in the US and two other models sold for the Japanese market...more>

EMC Selects Nexaweb
EMC Corporation is licensed to utilize Nexaweb's industry-leading Rich Internet Application (RIA) software in EMC's storage and information management products...more>

 Corporate News -- Momentum Releases

PostX Encrypts 100 Million Messages
PostX, encrypted email  communications, encrypts over 100 million outbound email messages and has been deployed to more than ten million users and has helped to safeguard brand value and customer loyalty for some of the world's largest companies including HSBC, Allstate, the Mayo Clinic, Children's Hospital and many more...more>

Proofpoint, large-enterprise messaging security solutions reported results for Q1 2006, reporting that Q1 2006 bookings increased by 88% year-over-year from Q1 2005. Proofpoint continued to expand its customer footprint as new business bookings for the quarter increased 31% sequentially over Q4 2005. Activity in the quarter also included the closure of $20 million in new financing ...more>

Corporate News -- Executives on the Move

GlobalServe, global IT Solutions for multinational corporations, has appointed Scott D. Thompson as CEO...more>

NeoPhotonics Corporation, optical components for the telecommunications industry, announced the appointment of John A. Teegen as Senior Vice President of Worldwide Sales...more>

Riverbed, network optimisation, appointed  Scott Downie and Ken McDonald as vice presidents in support and worldwide sales engineering respectively...more>

Jacklyn A. Karceski hired as Vice President of Finance at Application Security...more>

Robert J. Courtney, Jr. becomes Vice President of North American Sales at Stampede Technologies, Internet acceleration systems and enterprise network performance solutions...more>

Stampede Technologies, enterprise acceleration solutions, expanded its outside Board of Directors to include Alok Mohan...more>

Bit9, endpoint security, appointed Tom Murphy as its new Chief Marketing Officer...more>

Cambia Security, security policy enforcement software, expanded to the Northeastern U.S. with the addition of Rich Salerno...more>

SunRocket, Internet phone service, named Robert Kramer chief information officer...more>

Aperto Networks, WiMAX base stations and subscriber units, selected Michael Pratt as president and chief executive...more>

Imperva, data security for the data center, named Jim Drill as Vice President of Worldwide Sales...more>

GroundWork Open Source, open source-based IT operations management solutions, hired Craig Thomas as the company's new Chief Architect and Chief Technology Officer...more

Network Chemistry, wireless security, appointed Stewart Fox as vice president of sales...more>

FilesX Inc., application security, has hired Ron Corriveau, its new vice president of strategic alliances, and Robert Kelly, new director of business development...more>

Intrusic, IT security, announced that James Mobley has joined the company as its chief executive officer...more>

Apani Networks, enterprise network security software selected Dean Norman as the company's new vice president of sales for North America...more>

OpenLogic, software, stacks and services that enable enterprises to deploy and manage customized open source environments, appointed Sean Curley, Kim Weins, and Gabriel Weitzner join OpenLogic as vice president of engineering, vice president of marketing, and international sales director respectively....more>


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