Caymas Systems Announces $13M Expansion Round; Third Institutional Round Proceeds Will Fund North American Enterprise Market and U.S. Federal Government Growth, European Market Entry.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Caymas Systems, the market leader in Identity-Driven Access Gateways, announced today that it has raised $13 million in an expansion round of institutional funding, bringing its total institutional investment to $37 million in three rounds of funding. Venture investors Levensohn Venture Partners and Kinetic Ventures joined the round with existing institutional shareholders Redpoint Ventures and ComVentures also participating. As a result of this round of funding, Kip Sheeline of Levensohn Venture Partners will join Geoff Yang of Redpoint Ventures, Michael Rolnick of ComVentures, Josh Green Josh Green (born on November 16, 1977 in Camrose, Alberta) is a Canadian professional ice hockey player who is currently playing for Red Bull Salzburg EC of the Austrian Hockey League. of Legal Architects, and Terry Brown, 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 Caymas Systems, on the Caymas Systems board of directors. "We are pleased to join the Caymas Systems team," said Kip Sheeline, partner at Levensohn Venture Partners. "We target companies as they transition from the early revenue stage to a successful worldwide business. Caymas Systems has strong leadership, a game-changing solution in a large and growing market, and significant revenue with both commercial enterprises and the Federal government. We are ready to help the company continue to grow." "After less than a year in the marketplace, we now have hundreds of U.S. and Canadian enterprise customers and deployments throughout the U.S. Federal government in both civilian and defense agencies. Caymas has delivered ground breaking, patented Identity-based access control technology. Our Access Gateways are FIPS (Federal Information Processing Standards) A series of publications issed by the U.S. National Institute of Standards and Technology (NIST) that specifies information security guidelines for federal government departments and agencies. 140-2 Level 2 validated. We've signed over one hundred technology and distribution partnerships with complementary, market leading firms. And we're the only Access Gateway to win awards for both SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. and internal LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. network quarantine," said Terry Brown, chief executive officer of Caymas Systems. "With this additional investment we will expand our field team significantly and continue to grow our business." 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. Mr. Brown, the company will use the new funding to increase sales and marketing in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. enterprise and U.S. Federal government markets. The company will also use proceeds from the round to begin European market entry. The Caymas 220, Caymas 318 and the Caymas 525 are the world's first Identity-Driven Access Gateways. Caymas uses its unique, patent pending Identity Tagging Architecture to tie all access control and network security decisions to Identity, based on a comprehensive set of criteria including the Identities of users, devices, locations, and client configurations. Caymas gateways are radically economical, ASIC-based appliances and the only solutions that support from as few as ten to many thousands of remote and LAN-based users, devices, and resources on a single platform. Caymas Identity-Driven Access Gateways are deployed at three locations:
1) Enterprise perimeter for SSL VPN remote access and business
partner extranets,
2) Local Area Network for network admission control and internal
guest/contractor access, and
3) Data center for regulatory compliance, reduced and single sign
on, and the PKI enablement of applications
About Caymas Systems Caymas Systems award winning Identity-Driven Access Gateways allow organizations to control access and control their business. Caymas offers the only access gateways that leverage the Identities of users, devices, and resources to connect the right user to the right resource every time, dramatically improving enterprise access control and security. Caymas delivers the only ASIC-based appliances that harness the power of Identity to provide a universal access solution--a single platform for network admission and application access control, for both remote and internal users, with centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. access policy. For more information visit www.caymas.com. About Levensohn Venture Partners Levensohn Venture Partners is an early commercialization stage venture capital investor. Focusing on building companies as they transition from research and development through initial revenues, LVP LVP LLS (Laser Leveling System) Vertical Position LVP Left Ventricular Pressure (electrocardiograms) LVP Least Valuable player LVP Low Vapor Pressure LVP Large Volume Parenteral works in partnership with its portfolio companies to ensure they grow into successful businesses. Founded in 1996, LVP invests in emerging technology leaders in enterprise software, communications and semiconductors. In addition to Caymas Systems, LVP has selectively invested in 24 companies including Atheros, BigFix, BroadLogic, Commerce One, Informative, KnowNow, Radiance Technologies, Rapt, Ubicom, and Veraz Networks. For more information, visit www.levp.com. About Kinetic Ventures Founded in 1984, Kinetic Ventures is a leading provider of capital to high growth, technology driven businesses. Over the past 20 years, Kinetic has organized and managed 7 venture funds and invested in over 100 companies; its professionals have over 65 years of collective experience in technology, strategy, sales, financing, banking and operations. Kinetic focuses on early and growth stage investments in the areas of communications, information technology, and growth opportunities where technology transforms traditional business. Kinetic Ventures has offices in Chevy Chase Chevy Chase (chĕv`ē), town (1990 pop. 8,559), Montgomery co., W central Md., a residential suburb of Washington, D.C.; founded as a village, inc. 1914. , Md. and Atlanta, Ga. More information is available at www.kineticventures.com. About Redpoint Ventures With more than a combined 100+ years of operational, industry and technology investing experience, Redpoint Ventures is a leading venture capital firm that funds innovative companies with the potential to lead and change industries. Currently, the firm is focused on investments in enterprise software, communications infrastructure, mobile and wireless, and storage and data center infrastructure and management. Redpoint has a total of $1.45 billion under management, with investments in more than 60 companies to date. The firm was founded in 1999 by partners from Brentwood Venture Capital and Institutional Venture Partners (IVP IVP abbr. intravenous pyelogram IVP (Intravenous pyelogram) The use of a dye, injected into the veins, used to locate kidney stones. Also used to determine the anatomy of the urinary system. ), two of the nation's leading venture firms. Redpoint has offices in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , CA and West Los Angeles
About ComVentures ComVentures, a venture capital firm with more than $1.5 billion under management, specializes in early-stage investments in the communications market. The firm focuses its investment expertise on pioneering companies that capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the constant drive to build next-generation components, systems, software and services. ComVentures consistently uncovers groundbreaking communications technologies, helps lead and grow its portfolio companies, and assists these companies in deploying new technologies in an ever-changing marketplace. For more information, visit www.comventures.com. |
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