ConSentry Networks Raises $17 Million in Oversubscribed Series C Funding Round from Accel Partners, INVESCO and Sequoia Capital.MILPITAS, Calif. -- Secure Networking Startup Builds World-Class Executive Team by Attracting Industry Veterans from Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Extreme Networks and Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. ConSentry Networks (formerly Tidal Networks), a secure networking startup poised to redefine how enterprises enforce user access to protect their internal networks, announced today it has raised an additional $17 million in an oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. Series C funding round. This third round of financing includes previous investors Accel Partners and Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. , as well as a new investment from INVESCO Private Capital, bringing ConSentry's total funding to $31 million. "Through our previous investments in Cisco, NetScreen and 3Com, we've participated in every major discontinuity in networking and security," said Michael Goguen, partner with Sequoia Capital. "We regard ConSentry as among the few companies with the ability to lead this latest inflection point Inflection Point An event that changes the way we think and act. -Andy Grove, Founder of Intel. Notes: For example, the fall of the Berlin Wall was an inflection point in global politics and the commercialization of the Internet was an inflection point in technology. in secure networking." ConSentry's unique approach to protecting enterprise LANs has attracted new executive hires: --Dean Hickman-Smith has joined as ConSentry's vice president, worldwide sales. Previously, he was vice president of emerging technologies at Juniper Networks responsible for driving global sales for the security technology acquisitions and product offerings. --Franklin Grosvenor is ConSentry's vice president of operations. Previously, he was senior director of manufacturing for the Wireless Networking See wireless network. Business Unit and Mobile Wireless Group with Cisco Systems. --Sam Farsad joins ConSentry as the company's vice president of engineering after serving as vice president of software engineering with Extreme Networks. "ConSentry is at the intersection of two of the industry's largest and fastest growing markets today -- enterprise networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. and security," said Thomas Barsi, president & 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 ConSentry Networks. "ConSentry has built the team and disruptive technology A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. to successfully drive a convergence of this magnitude to reality -- a solution that will make a significant impact on organizations suffering from internal security challenges everyday." With today's announcement, Esfandiar Lohrasbpour, general partner with INVESCO Private Capital becomes the newest member of ConSentry's board of directors. Technology Breakthrough ConSentry will bring to market a purpose-built system that leverages its breakthrough, patent-pending silicon architecture to continuously identify all 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. traffic and enforce user access to authorized resources and applications at wire-speed, in real-time. As a result, enterprises will be able to enforce granular user access policies, meet regulations, and contain known and unknown malware attacks in real time, all from a single system, leveraging their existing network infrastructure. The visionary for this new class of technology is ConSentry's chief technology officer Jeff Prince, previously co-founder of Foundry Networks and Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Networks. In order to address user access control, regulatory compliance, threat management and malware containment issues, Fortune 1000 companies are being asked to consider prohibitively costly upgrades to myriad devices including 802.1x switches, intrusion prevention systems, network monitoring tools and more. This is creating an unacceptable level of operational and integration complexity. In order to implement a coherent and realistic LAN security strategy, enterprises are going to need much more cost-effective, simple-to-deploy solutions that deliver superior performance over repackaged perimeter-focused devices. "Enterprises face a bewildering be·wil·der tr.v. be·wil·dered, be·wil·der·ing, be·wil·ders 1. To confuse or befuddle, especially with numerous conflicting situations, objects, or statements. See Synonyms at puzzle. 2. array of complexity, cost and performance issues as they shift their focus from perimeter security to the vexing problem of protecting their internal LANs," said David Passmore, research director at Burton Group. "ConSentry's solution looks promising in addressing regulations, information protection and network availability challenges today." About ConSentry Networks ConSentry Networks secures enterprise LANs with a purpose-built system that preserves data integrity, ensures network availability and supports regulatory compliance at disruptive price/performance levels. ConSentry's solution leverages its breakthrough, patent-pending silicon architecture to continuously identify all LAN traffic and enforce user access to authorized resources and applications at wire-speed, in real-time. Backed by blue-chip venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] that include Accel Partners, INVESCO Private Capital and Sequoia Capital, ConSentry is headquartered in Milpitas, California. For more information, visit the company's web site at www.consentry.com. ConSentry Networks, the ConSentry Networks logo and LANShield are trademarks of ConSentry Networks Inc., for use in the United States and other countries. All other product and company names herein may be trademarks of their respective holders. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion