PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Websense, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

PortAuthority Technologies Raises Funding to Grow Leadership in Information Leak Prevention Market - New Enterprise Associates selects PortAuthority Technologies for its investment into the Information Leak Prevention Market
PortAuthority Technologies Raises Funding to Grow Leadership in Information Leak Prevention Market

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/09/24 - New Enterprise Associates selects PortAuthority Technologies for its investment into the Information Leak Prevention Market. NASDAQ: WBSN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

PortAuthority Technologies, Inc.,™ the leader in Information Leak Prevention (ILP), today announced it has closed its latest round of funding, raising approximately $18 million. New Enterprise Associates (NEA) led the investment round, with full pro-rata participation by Sequoia Capital, Greylock Partners and Lexington Ventures, the company’s previous investors.

PortAuthority Technologies is a growing leader in the ILP and Content Monitoring/Filtering markets. It delivers security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection, and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Family Educational Rights and Privacy Act (FERPA), and the Gramm-Leach-Bliley Act (GLBA). With more than 27 patents pending, only PortAuthority stops information leaks by continually monitoring internal and outbound communications and delivering policy enforcement in a real-time and accurate manner.

In addition to the financing, which will go toward funding the company’s sales and marketing expansion to take advantage of one of the fastest growing security market segments, PortAuthority Technologies has also announced that security industry stalwart Krishna “Kittu” Kolluri will represent NEA on the company’s board of directors. Mr. Kolluri has a strong track record of success in security, including serving as the President and CEO of Neoteris, Inc., and growing it into the SSL VPN leader. His most recent position before joining NEA this year as a General Manager was at Juniper Networks, where he ran the Security Products Group as Executive Vice President and General Manager.

“This market shows a lot of promise, and we are pleased to have found a company that meets our investment criteria and has the characteristics to emerge as the market leader – specifically, superior technology and a strong management team with deep roots in security,” said NEA’s Mr. Kolluri. “We are pleased to invest in PortAuthority Technologies and support its growth. With its advanced PreciseID™ core technology and proven information leak prevention deployments in the Fortune 500 and Global 2000, we see this company poised for significant success for the future.”

“We are pleased to have NEA lead this investment, which will allow us to further penetrate our key markets, grow our business, and deliver valuable information leak prevention to a broader set of customers,” said PortAuthority Technologies President and CEO Pete Foley. “Having a leading global investment firm such as NEA join the prestigious VC firms backing us is great validation of the progress we have made. The valuable perspective that Kittu Kolluri brings to our Board of Directors will serve us well moving forward as we expand our business and product offerings.”

PortAuthority Technologies’ growing customer base has confidence that their internal data is secure, both for privacy, regulatory compliance and intellectual property concerns. Unlike other industry solutions, PortAuthority Technologies’ advanced algorithms use granular data matching techniques that are resilient to data manipulation. Studies and industry feedback confirm that its PreciseID™ technology delivers the industry’s highest accuracy with the lowest false positives and false negatives. Organizations easily integrate PortAuthority Technologies’ appliance with their existing solutions to preserve their investment, while gaining best-of-breed information leak prevention to ensure regulatory compliance.

About NEA

New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same basic principles: support their entrepreneurs, provide an excellent return to their limited partners and practice their profession with high standards and respect. Practicing classic venture capital for 28 years, NEA focuses on investments at all stages of a company’s development, from seed-stage through IPO. With approximately $8.5 billion in committed capital, NEA’s experienced management team has invested in over 500 companies, of which more than 150 have gone public and more than 200 have been acquired. NEA has offices in Reston, Virginia, Menlo Park, California and Baltimore, Maryland.

About PortAuthority Technologies
PortAuthority Technologies is the leading provider of Information Leak Prevention security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection and true compliance. Using its patented PreciseID™ technology, only PortAuthority stops information leaks by monitoring internal and outbound enterprise communications and delivering policy enforcement in real-time. PortAuthority ensures compliance with regulations such as GLBA, PCI, HIPAA, CA CC1798, FERPA, PIPEDA and SOX by closing the gap between employee behavior and corporate and legal policies. PortAuthority Technologies is a privately held company backed by Greylock Partners, Lexington Ventures, New Enterprise Associates and Sequoia Capital. The company is headquartered in Palo Alto, Calif., and has offices throughout the U.S. For more information, please call 877-843-4879.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Websense, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


PortAuthority Technologies Raises Funding to Grow Leadership in Information Leak Prevention Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Spalding Communications for PortAuthority 
650-739-0100 x138 dspalding[.]portauthoritytech.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Websense, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Websense, Inc. / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Frost & Sullivan Acclaims FireEye’s Dominance of the Global Advanced Malware Sandbox Market
High-Tech Bridge and Barracuda Join Efforts to Improve Web Application Security
Barracuda Simplifies Web Application Security for AWS Customers
Dell Unveils High-Performing, Quad Core Wyse 5060 Thin Client Designed for Knowledge Workers
Check Point vSEC Achieves AWS Security Competency
Gatwick Airport Relies on Splunk Cloud to Enhance Performance and Collaboration
For the Fourth Year, Flexera Software Named a Chicago Tribune 2016 Top 100 Workplace
Barracuda Announces Web Security Gateway Updates to Enhance Advanced Threat Protection, and Network Performance
Portnox Wins Top Honors from Frost & Sullivan for its Software-based Network Access Control Solution, the Portnox NAC
Infinera Powers Cloud Scale Networks with New DTN-X Platforms
ForeScout Named as One of the Fastest Growing Companies in North America on Deloitte’s 2016 Technology Fast 500
Comodo Launches New Full-lifecycle Digital Certificate Management Platform
Privatoria.net Launches An Effective Plugin to Simplify its Users’ Experience
Gigamon to Showcase its Innovative Visibility Fabric Solutions At RSA Conference 2016 Abu Dhabi
CenturyLink and Infinera Deliver 2.5 Tb/s of Super-channel DWDM Capacity at Super Computing 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)