RedSiren Secures $17.7m Funding for Expansion.Security management services provider RedSiren Inc has secured $17.7m in a Series B round of funding to help with business expansion and additional R&D investment.
The lead investor in the new financing round was Redleaf, a technology investment firm that put in $14m, and provided a big chunk in the first round that raised $15m. Other investors in this round include Safeguard Scientifics, and SEA Ventures. An additional $2m is expected by the end of November.
Essentially, the Pittsburgh, Pennsylvania-based company provides planning, preventive and managed solutions, including security awareness Security awareness is the knowledge and attitude members of an organization possess regarding the protection of the physical and, especially, information assets of that organization. education. It claims to be the world's largest privately held provider of IT security management solutions, delivering to more than 800 mid-tier and Global 1000 companies.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. its 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. Doug Goodall, revenue grew 1,000% in 2002 over 2001. The company expects to grow another 50% in the next 12 months, and expects to be profitable by early 2004.
RedSiren employs 75 people worldwide and has offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom and Japan, mainly as a result of acquisitions. It acquired four security companies between late 2001 and June 2002, including Veritect Inc in June 2002, Secure Network Group in May 2002, Atomic Tangerine tangerine: see orange.
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