| For Immediate Release |
Contact:
Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Courtney Chandler
617-375-4217
courtney@revolutionpartners.com |
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REVOLUTION PARTNERS
ADVISES GUARDEDNET, INC.
ATLANTA, GA, & BOSTON, MA (November 11, 2002) - GuardedNet
(www.guarded.net), a leading provider of advanced network
security management software solutions, announced that it
has received $9 million in Series A financing led by Boston-based
M/C Venture Partners, one of the most active and experienced
venture capital firms in the network communications sector.
Revolution Partners, LLC, an investment banking firm active
in the network security sector, acted as exclusive financial
advisor to GuardedNet, Inc. The transaction further demonstrates
Revolution Partners’ expertise in the security sector.
Previous experience in this space includes advising DefendNet,
Inc. on its sale to Guardent, Inc
GuardedNet will use the additional capital to respond to
strong customer demand by expanding its sales force, and
enhancing the services and support it provides to its global
customer base. GuardedNet sells an innovative, real-time
security event management solution to enterprise and government
customers including communications giant, Cox Communications,
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services provider, NETSEC and transportation and logistics leader,
Norfolk Southern.
“This financing will enable us to expand our footprint, enhance
our existing customer relationships, grow market share and fulfill
our vision of becoming the vendor of choice for security intelligence,” said
Tom McNeight, president and CEO of GuardedNet. “An
investment from an experienced and respected venture firm like M/C
in this tight funding environment is a testament to the strength
of our security management solution and the incredibly talented people
we have here at GuardedNet.”
GuardedNet’s flagship product, neuSECURE, provides a centralized
monitoring software platform for event logging, event correlation,
threat analysis, threat response and forensic investigation of the
enormous quantities of security event data. neuSECURE enables centralized
security event management and improves the operational efficiency
of an enterprise’s security team.
neuSECURE correlates log data files from disparate network devices
such as firewalls, intrusion detection systems, intrusion prevention
systems, anti-virus software, computer systems and routers and automatically
analyzes this data to uncover legitimate threats to the enterprise.
It lets security teams prioritize investigations to focus on the
mission- critical task of responding to the real threats. With neuSECURE,
security teams can manage threats from early detection to final resolution
without ever leaving the intuitive, web-based console.
About GuardedNet
GuardedNet Inc. delivers advanced security management software solutions.
Its leading software solution, neuSECURE, centrally monitors, correlates
and performs threat analysis in multi-vendor enterprise security
environments. Its ability to correlate and
analyze log data files from disparate machines in real-time enables
security administrators to overcome log data overload and detect
and respond to security breaches as they are occurring, rather than
after the damage is done. neuSECURE has improved
the security and the operational efficiency of numerous security
operations centers (SOCs), including those at leading financial,
transportation and data communications institutions. GuardedNet is
a private company, headquartered in Atlanta, Georgia. For
more information about GuardedNet, please visit www.guarded.net.

Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
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