Breach Security Announces New Investment; Bolsters Marketing of Top Security Appliance in Explosive Web Application Security Market.CARLSBAD, Calif. -- New Investment from Sid R. Bass Associates and Enterprise Partners Venture Capital to Fuel Sales & Marketing Expansion of BreachGate WebDefend to New Markets Breach Security, Inc., a leading provider of web application security technology that protects privileged information from targeted Internet attacks, today announced that the company has received $6 million in Series B financing from two strategic investment firms - Sid R. Bass Associates and Enterprise Partners Venture Capital. Breach Security markets a suite of application security products for protecting corporate and government web applications. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , BreachGate WebDefend, is a non-intrusive web application firewall providing comprehensive protection against all techniques for breaking into web applications. WebDefend is the only web application firewall that can be deployed out-of-line and provide complete blocking protection. WebDefend's automated profiling technology provides the lowest possible cost of ownership for web application security. "We see long-term value in securing business on the Internet and Breach's current offerings in web application security appliances Security appliances protect computer networks from unwanted data traffic, intruders, email spam, enforce policies, and may also be used to create and manage VPNs. There are a number of types of security appliances. lay the foundation for more secure and effective eCommerce," said Perse perse adj. Dark grayish blue or purple. [Middle English pers, from Old French, from Medieval Latin persus, back-formation from Latin Persicus, Persian, from Greek Faily, partner at Sid R. Bass Associates. "We are excited to be working with Marc Shinbrood and the Breach team to help build and grow Breach as the worldwide leader in the non-intrusive web application security market." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Marc Shinbrood, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Breach Security, the new investment will be used to expand sales and marketing initiatives to accelerate the adoption of the Breach Security brand in the rapidly expanding web application security market. The new investment will also be used to augment the company's balance sheet to provide the flexibility to expand business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets or territories based on customer opportunities. "Our unique non-intrusive web application security solution, BreachGate WebDefend, is gaining significant market traction and this new investment ensures that we can aggressively pursue all of the sales opportunities," said Shinbrood. "Our strong backing from Enterprise Partners and Evergreen Partners combined with new support from a very well-respected firm like Sid R. Bass Associates validates our vision and strategy. These investors believe in our company and, our solutions. They understand the business problem our products solve and they are helping us achieve our potential which makes for a powerful message to the market." About Breach Security, Inc. Breach Security, Inc. is a leading provider of next-generation web application security that protects corporate-critical information. Breach effectively protects web applications of commercial enterprises and government agencies alike against Internet hacking See hack and hacker. attacks and provides an effective solution for expanding security challenges such as identity theft, information leakage Information leakage happens whenever a system that is designed to be closed to an eavesdropper reveals some information to unauthorized parties nonetheless. For example, when designing an encrypted instant messaging network, a network engineer without the capacity to crack your , and insecurely coded applications. Breach's solutions are ideal for any organization's regulatory compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). for security. Breach was founded in 2004 and is headquartered in Carlsbad, Calif. For more information visit: www.breach.com. About Sid R. Bass Associates Sid R. Bass Associates is a venture capital and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. investor, providing capital and access to resources and industry contacts to high growth early-stage and late-stage companies. With $300 million in committed capital, the firm focuses its investments in the software, communications, wireless, security, storage, network infrastructure, media and consumer and business services sectors. With a long term horizon, the firm partners with seasoned entrepreneurs to grow successful growth businesses through all phases of a company's development. About Enterprise Partners Venture Capital Enterprise Partners was founded in 1985 and is the largest venture firm headquartered in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , with over $1.1 billion in capital under management. Enterprise focuses on seed, early stage and promising later stage companies across a broad spectrum of technologies and the life sciences. The firm is currently investing in its sixth fund. Breach Security and BreachGate WebDefend are trademarks of Breach Security; all other company and product names are trademarks of their respective holders. |
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