iCognito Raises $3.1 Million to Expand Its Next Generation Content Filtering Solutions Globally and Recruits Veteran Executive Isabel Maxwell as CEO.Business Editors SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden & PETAH TIKVA, Israel--(BUSINESS WIRE)--Sept. 10, 2003 Company Will Use Funds to Expand Sales and Marketing Activities In the U.S. and Europe as Well as to Enhance R&D Operations iCognito, a leading Internet content filtering See Web filtering and parental control software. provider that sells its unique Artificial Content Recognition (ACR See riser card. ) solutions in the Enterprise, Education and ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. markets, announced today that the company has completed a round of new financing led by Blumberg Capital and including Garage Technology Ventures and a strategic investment from Hitachi Ltd.'s Corporate Venture Capital (CVC See CSC. ) unit. "iCognito's next generation dynamic content filtering solutions clearly trump existing database products," said Bruce Taragin, Partner at Blumberg Capital. "iCognito's PureSight(TM) product line is much easier to maintain, delivering lower Total Cost of Ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ) with greater accuracy than existing solutions. In addition, we are pleased that Isabel Maxwell has joined as 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. , bringing her knowledge and successful experience building enterprise software companies." iCognito's PureSight(TM) products dynamically classify the ever-changing Internet in real-time, enabling corporations to quickly increase employee productivity and schools and parents to easily define and manage Internet access See how to access the Internet. policies. PureSight(TM) is available as packaged software See software package. or integrated with leading networking and security appliances through partners and resellers worldwide. Key partnerships include: France Telecom, Hitachi, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Intel, and Sun Microsystems. Leading ISPs in Europe and North America also provide PureSight(TM) as a "parental control" feature including, iVillage Access in the U.S., One & One in Germany, and France Telecom and IONET in France. SC Magazine has awarded PureSight(TM) its highest honor, calling it an "amazing product ...With intelligent content filtering and sophisticated bandwidth management ...," The editors gave PureSight(TM) top scores for ease of use, performance, documentation, support and value for money, earning it the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. "Best Buy" rating in March 2003. "iCognito's new investors bring valuable support and contacts to the company, and I appreciate their vote of confidence in me to help take iCognito to the next level," said Isabel Maxwell, CEO of iCognito. "The secure content management market is proven and growing rapidly worldwide, and I believe iCognito is now well positioned to compete hard and win." For more information on iCognito and its solutions, please visit http://www.icognito.com. About Blumberg Capital Blumberg Capital is a classic, early-stage venture capital firm in Silicon Valley investing in enterprise software and security infrastructure companies. Blumberg Capital invests in entrepreneurs with original ideas that are founded on deep technology expertise that enhance enterprise productivity. Blumberg Capital is an active investor and strives to create long-term value through its investments. About Garage Technology Ventures Garage Technology Ventures, formerly Garage.com, is a venture capital investment bank that provides private placement and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for high technology companies and investors. Garage Technology Ventures serves companies in the telecommunications, semiconductors, infrastructure, software, and wireless sectors that seek to raise between $2 million and $15 million in a first or second institutional financing round. Headquartered in Silicon Valley, Garage Technology Ventures maintains corporate offices in Boston, MA and Herzelia, Israel. In the Southeast, Garage works in alliance with Lanta Technology Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Atlanta, GA, and has representatives in other locations, including Seattle, WA, Southern California, and Austin, TX. About Hitachi Hitachi, Ltd. (NYSE NYSE See: New York Stock Exchange :HIT), headquartered in Tokyo, Japan, is a leading global electronics company, with approximately 340,000 employees worldwide. Fiscal 2002 (ended March 31, 2003) consolidated sales totaled 8,191.7 billion yen ($68.3 billion). The company offers a wide range of systems, products and services in market sectors, including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. About iCognito iCognito, Inc. is a leading provider of advanced Internet filtering management solutions for the Enterprise, Education and ISP markets, enabling a more productive and safer Internet experience. iCognito minimizes the total cost of ownership for its customers by eliminating the need for costly database subscription fees. The Company's flagship family of products, PureSight(TM), features proprietary technology, Advanced Content Recognition (ACR(TM)), that dynamically analyzes and classifies Internet content in real-time to ensure complete coverage of the constantly changing Internet environment. PureSight(TM) is available as packaged software or integrated with leading networking and security appliances through partners and resellers worldwide. Key partnerships include: Hitachi, IBM, Intel, Sun Microsystems, and leading ISPs in Europe and North America including, France Telecom, I-Village Access and One & One. For more information about iCognito, please visit www.icognito.com or e-mail info@icognito.com. iCognito and iCognito Technologies and the iCognito logo are registered trademarks of iCognito Inc. iCognito, PureSight and ACR are trademarks of iCognito Inc. All other trademarks are the property of their respective owners. |
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