Since its founding, PerspecSys has experienced rapid growth – broadening the reach of its industry-leading Cloud Data Protection Gateway to support multiple popular cloud applications and aggressively expanding its client roster, which now includes three of the world’s largest financial institutions and one of it’s biggest multinational conglomerates.  With offices in the U.S., U.K. and Canada, PerspecSys remains focused on one goal: removing the main barriers to enterprise cloud adoption — data security and control.  The company developed its patent-pending, award-winning cloud data security gateway to ensure both.  By leveraging industry-validated, well-vetted encryption and tokenization techniques, PerspecSys secures sensitive data while keeping it in customers’ control at all times and enabling full cloud-application functionality and performance – a combination other cloud data security solutions claim, but cannot match.

“The marketplace is shifting.  Enterprises are learning that you cannot secure your data unless you fully control your data – and PerspecSys is the only company helping them solve that problem with a mature solution,” said Philip Elliot, of Paladin Capital Group, who has joined the PerspecSys board of directors.

“We have seen a real shift over the last 12 months in the acceptance and adoption by large enterprises of SaaS offerings.  But these major companies have increased sensitivity to data protection.  The fact that PerspecSys can enable SaaS adoption by protecting sensitive data makes them a compelling opportunity. Add in their proven technology, seasoned leadership team and satisfied customer base, and they become a very smart investment,” said Matt Fates of Ascent Venture Partners, who has also joined the PerspecSys board of directors.

Recent reports from leading research firm Gartner Inc. illuminate some of the challenges associated with traditional approaches to cloud data protection – namely, a trade-off between application usability and weakened security.  Unlike other companies that have recently come under industry scrutiny for using proprietary encryption techniques in their solutions, PerspecSys’ technology eliminates that tradeoff by being able to use industry-validated, well-vetted encryption modules or independent 3^rd-party assessed tokenization techniques to intercept sensitive data while it is still on-premise and replacing it with random tokens or encrypted values. Doing so renders the data meaningless to anyone who tries to “hack” it in transit or in the cloud.  At the same time, the PerspecSys solution preserves cloud application functionality – giving end users access to features and functions like search and e-mail– even on sensitive data that has been tokenized or strongly encrypted.

With Gartner predicting that $677 billion will be spent on cloud services worldwide between 2013 and 2016, and $42 billion on cloud-based security by 2016, the market opportunity for PerspecSys remains vast. Because PerspecSys delivers the only solution that supports a variety of popular cloud applications like Salesforce.com and Oracle CRM On Demand with validated encryption solutions from companies like Voltage Security, McAfee, SafeNet, Symantec, and RSA, the company is in a clear position to ensure the billions of dollars spent on cloud services offer the greatest return on investment for enterprises.

“While the cloud continues to deliver amazing benefits to companies worldwide, it also continues to pose some major hurdles,” said David Canellos, CEO of PerspecSys.  “Businesses are struggling to balance critical data residency, compliance, privacy and security requirements that come with cloud adoption against the need for full application functionality and ease of use.  Our focused efforts over the last four years have produced the most advanced gateway in the industry, delivering the only data protection solution that passes the strictest European and US regulatory requirements.”

About PerspecSys

PerspecSys Inc. is a leading provider of cloud data protection solutions that enable mission-critical cloud applications to be adopted throughout the enterprise. PerspecSys removes the technical, legal and financial risks of placing sensitive company data in the cloud. PerspecSys accomplishes this for many large, heavily regulated companies across the world by never allowing sensitive data to leave a customer’s network, while maintaining the functionality of cloud applications. Based in Toronto, PerspecSys Inc. is a privately held company backed by investors that include Intel Capital and GrowthWorks. For more information please visitwww.perspecsys.com or follow on Twitter @perspecsys.

About Ascent Venture Partners

Ascent Venture Partners (www.ascentvp.com) is dedicated to investing in innovation for the enterprise. In backing more than 100 early-stage, emerging technology companies since 1985, Ascent has remained committed to its mission of partnering with exceptional entrepreneurs striving to build innovative market leaders. Ascent’s investments have yielded powerful results generating more than $10 billion in enterprise value, which speaks to the firm’s deep knowledge, experience, commitment, and networks. The Ascent investment team manages five venture funds with total commitments of more than $450 million, and is located in Boston, Mass.

About Intel Capital

Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,276 companies in 54 countries. In that timeframe, 201 portfolio companies have gone public on various exchanges around the world and 317 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm comprised of individuals with a proven track record of financial expertise, and national security experience.  We provide capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers.

Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies. For more information, visit www.paladincapgroup.com.

New York, NY– April 3, 2013 – BA Insight today announced that it has secured its latest round of funding, raising $4.5 million, bringing the total amount raised to date to $15.7 million. All four of the company’s current venture capital investors participated in the round including Milestone Venture Partners, Osage Venture Partners, Paladin Capital Group and Originate Ventures. The funding supports the company’s growth as the market continues to drive demand for solutions that unlock data across the enterprise.

BA Insight’s advanced search technology redefines how people access siloed information and collaborate. Organizations are increasingly dealing with rapidly growing volumes of structured and unstructured data, the inability to integrate information from legacy systems, and the move of many organizational systems to the cloud. As a result they often lack insight into critical business information. BA Insight enables enterprises to bring this information together for users, giving them actionable insights into customers, products, projects, expertise and more.

“Enterprise search is broken,” said Philip Eliot, Principal at Paladin Capital Group, “and BA Insight is unique in its ability to deliver useful information to the enterprise regardless of where, when and how they need it. Their solutions revolutionize information access.”

“Our continued investment in BA Insight reflects our confidence in the ability of BA Insight’s platform to transform search into a powerful weapon for the enterprise,” said Todd Pietri, co-founder and General Partner of Milestone Venture Partners. “BA Insight delivers tools that enable organizations to leverage their investments in existing solutions and expose data in an actionable, relevant way.”

BA Insight customers include industry-leading companies across a variety of industries including the legal, oil and gas, and pharmaceutical/life sciences. For more information on products and services, visit www.bainsight.com.

About BA Insight

BA Insight™ is the leading provider of integrated search technologies that help organizations leverage the full power of Microsoft SharePoint® across the enterprise. BA Insight’s flagship Longitude Search and Longitude Connector products let organizations extend Microsoft’s enterprise search capabilities across dozens of CRM, ERP, ECM, messaging, and collaboration systems, and delivers rich document preview and assembly tools that empower knowledge workers to act upon search results with greater speed and effectiveness.

About Milestone Venture Partners

Milestone Venture Partners is a venture capital fund located in New York City with $100 million under management. Milestone specializes in early-stage software and data services investments in Greater New York. Areas of expertise include enterprise information technology, Digital Health, media, marketing services and FinTech. For more information, visit www.milestonevp.com.

About Originate Ventures

Originate Ventures is a venture capital investment firm, targeting early stage product and services companies located in Pennsylvania and the Mid-Atlantic region. The firm focuses on opportunities with medical devices, healthcare, consumer, information technology, Web-based and commercial products. Operating with an entrepreneurial spirit and vision, Originate’s investments range in size from $500,000 to $4,000,000. For more information, visit www.originateventures.com.

About Osage Venture Partners

Osage Venture Partners (OVP) is a venture capital firm located just outside of Philadelphia, Pennsylvania, that invests in early-stage enterprise technology companies in the Mid-Atlantic region. OVP raised its first fund in 2005, and has invested almost exclusively in enterprise software companies since that time. With over $100M under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the assistance required to build high growth businesses. For more information, visit www.osagepartners.com.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies. For more information, visit www.paladincapgroup.com.

Led by new investor Paladin Capital Group, a multi-stage private equity firm providing capital and strategic guidance to growing companies, the Series B includes participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators. Lt. General (Ret) Kenneth A. Minihan, former Director of the National Security Agency and Managing Director at Paladin, will join the Endgame Board of Directors.

“The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational,” said Lt. General Minihan. “Endgame’s revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations.”

As part of its expansion, Endgame has recruited several new executives to the company’s management team, including: Nathaniel Fick, who joined as CEO in November, replacing Chris Rouland who remains a Founder and board member of the company; Niloofar Howe, who joined as Chief Strategy Officer to lead the company’s efforts in market and product strategy, as well as business and corporate development; and Matt Georgy, who joined Endgame as CTO after a decorated career as a senior executive at the Department of Defense supporting all aspects of computer network operations. Endgame’s new Chairman of the Board, Christopher Darby, has deep expertise in the intelligence space as the current President and CEO of In-Q-Tel, the independent strategic investment firm supporting the missions of the U.S. Intelligence Community.

“The cyber needs of federal and commercial entities are converging as states look beyond targeting other states to target private companies, and national security thinking must increasingly account for private infrastructure,” said Nate Fick, CEO of Endgame. “I’m excited about leveraging the solutions and technology that our mission partners depend on to help businesses with comprehensive command and control of their network operations.”

About Endgame

Endgame’s cyber operations platform provides real-time command and control, analytics, data visualization and knowledge discovery capabilities that support safety and security in cyberspace by revolutionizing the detection and mitigation of cyber-threats. Founded in 2008, Endgame is backed by Bessemer Venture Partners, Kleiner Perkins Caulfield & Byers, Columbia Capital and Paladin Capital Group. The company has offices in Northern Virginia, Maryland, San Antonio, and Atlanta. For more information, please visit http://www.endgame.com.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors.  The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies. For more information, please visit http://www.paladincapgroup.com.

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Contact:

Deepti Rohatgi

Director of Product Marketing

Drohatgi@endgame.com

404-941-3900

Sentinel Integrity Services is a powerful security offering for detecting tampering, policy violations, potential vulnerabilities and the presence of unverified or potentially malicious third-­‐party applications on mobile devices. The core patented technology, originally termed “AutoBerry”, was developed by the U.S. National Security Agency (NSA) as a means of protecting smartphones and verifying system integrity and compliance for U.S. Department of Defense agencies. Under Co-­operative Research and Development Agreement (CRADA) with the NSA, Fixmo transitioned the technology from a Government-­‐Off-­‐The-­‐Shelf (GOTS) technology to Commercial-­‐Off-­‐The-­‐Shelf (COTS) offering and has significantly enhanced it for the Android platform.

Fixmo Sentinel Integrity Services is currently in use by Government and Department of Defense agencies around the world as an after-­‐market product for BlackBerry and Android deployments. Through the partnership with Samsung, it will be preloaded on select Samsung GALAXY devices as a part of Samsung KNOX platforms. Samsung KNOX is an end-­‐to-­‐end secure platform that provides security hardening from the hardware through to the application layer.

“Our partnership with Fixmo further exemplifies our commitment to meeting the highest security standards demanded by government agencies, defense contractors and large enterprises around the world,” said Dr. Injong Rhee, Senior Vice President, B2B R&D Group at Samsung Electronics. “The Samsung KNOX secure BYOD solution with Fixmo’s Sentinel services will help our customers in the public sector and regulated industries expand their deployments of mobile devices and apps without sacrificing security or compliance.”

“We are thrilled to be working with Samsung to bring our mobile security offerings to government agencies and enterprises around the world,” said Rick Segal, CEO with Fixmo “Through our close partnership, we are now able to offer the most tightly integrated, feature-­‐rich, and trusted implementation of Fixmo Sentinel Integrity Services on devices powered by the Samsung KNOX platforms.”

Fixmo Sentinel Integrity Services will be available as an embedded offering on select Samsung GALAXY devices. Fixmo and Samsung will be demonstrating the joint solution offering this week at Mobile World Congress in Barcelona in Hall 3, stand 3B94.

About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 236,000 people across 79 countries with annual sales exceeding KRW 20 trillion. To discover more, please visit www.samsung.com.

About Fixmo
Fixmo Inc. is the mobile risk management company that helps organizations identify, mitigate and manage the risks associated with mobile devices in the workplace. The company’s MRM solutions enable protected and compliant mobile computing, helping organizations embrace a wide range of mobile devices and applications while maintaining system integrity, protecting confidential data and proving regulatory compliance. Fixmo’s MRM technology has been developed as part of a Co-­‐operative Research and Development Agreement (CRADA) with the U.S. National Security Agency (NSA). Fixmo is headquartered in Sterling, Virginia and Toronto, Canada (http://fixmo.com).

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For More Information, Contact
Danielle Millerick
fama PR for Fixmo
fixmo@famapr.com
(617) 986-­‐5030

SAN FRANCISCO – January 22, 2013 – BuildingIQ, Inc., a leading building energy management software company with a mission to redefine the way energy is managed in commercial buildings, today announced another significant milestone with the closing of $9 million in venture funding. Leading financial and strategic investors include Aster Capital (backed by Schneider Electric, Alstom and Solvay), the Venture Capital unit of Siemens Financial Services (SFS VC) and Paladin Capital. The funding will be used to accelerate growth and execute energy efficiency projects for a growing pipeline of commercial buildings in North America and Australia. In a recent report by Pike Research (2012), BuildingIQ was described as “one of the leading vendors for Energy Management Systems in the smart buildings market today.”

“We have a unique perspective on this market as a result of our strong LP relationship with one of the world’s leading building management systems vendors, Schneider Electric,” said Todd Dauphinais, partner at Aster Capital. “After evaluating a wide range of energy management offerings in the market, we quickly became convinced that BuildingIQ’s technology, low cost and high ROI profile provides commercial building owners and managers with a superior solution. We have been impressed with the company’s growth and are excited about its prospects with this new financing.”

“We have a long history of investing in leading energy and technology companies, as well as a deep understanding of what it takes to succeed in these markets,” stated Dr. Ralf Schnell, CEO of SFS VC. “We believe BuildingIQ’s solutions and approach are a positive contribution to the industry’s development.”

“Over the past few years, BuildingIQ has distinguished itself for offering a solution that not only identifies energy efficiency opportunities but also makes changes in control systems automatically in order to realize those opportunities,” said Eric Bloom, senior research analyst at Pike Research – a part of Navigant. “In our recently published research brief, Building Energy Management Technology Landscape, we highlighted the value of partnerships that allow firms to focus on their unique, differentiating capabilities in an increasingly competitive market for building energy management systems. BuildingIQ’s work with energy management leaders Schneider Electric and Siemens is a good example of this sort of ‘co-opetition.”

According to Pike Research, the building energy management systems (BEMS) market will be worth $6 billion worldwide by 2020. BuildingIQ is attacking this growing sector and currently running large-scale implementations and pilot programs with commercial enterprises, REITs, institutional owners, property management firms, and utilities across North America and Australia. The company has recently announced significant partnerships with leading building management system vendors Schneider Electric and Johnson Controls and an innovative energy optimization and demand response program with Nevada Energy for its large commercial and industrial customers.  BuildingIQ will be scaling up its sales and marketing team in the U.S. to take advantage of these relationships and market opportunity.

“We are delighted to partner with a strong syndicate of strategic investors to help take BuildingIQ to the next level,” said Ken Pentimonti, principal at Paladin Capital Group. “In addition to the strong value proposition BuildingIQ provides to commercial buildings, we believe the company’s offering will also help address the energy management goals of the U.S. military and federal government, and we look forward to helping the company extend its presence in these segments.”

As part of the investment, Todd Dauphinais, Ken Pentimonti and Gerd Goette, investment partner at Siemens Venture Capital, will join BuildingIQ’s Board of Directors, which already includes green building industry leader Greg Kats, William Deane of Exto Partners, and CEO Michael Zimmerman.

“BuildingIQ is coming off of a spectacular year of growth in 2012 and we have a great pipeline of opportunities for the year ahead,” said Michael Zimmerman, CEO of BuildingIQ. “This funding from three of the most respected investors in our space – including two of the leading building management system vendors – represents significant validation of our leadership in the sector. Each of these investors brings with them unique strategic channels and relationships that, along with our existing relationships, will help BuildingIQ extend its leadership and execute on our goals for 2013 and beyond. We could not be happier with this unique syndicate and welcome Aster, Siemens and Paladin as partners in our success.”

Recently named to the Global Cleantech 100 by the Cleantech Group as one of the top private companies in clean technology, BuildingIQ provides the next generation of energy management for commercial buildings. The company’s software combines Big Data analytics, sophisticated Building Science, and advanced Business Intelligence algorithms into Predictive Energy Optimization^TM.  This SaaS, cloud-based energy management platform intelligently automates and continuously optimizes HVAC operations in commercial buildings, providing property owners and operators with energy savings and peak load reductions of up to 30 percent without any sacrifice to occupant comfort. BuildingIQ’s Predictive Energy Optimization solution often provides paybacks in less than 12 months and can be deployed within days.

About BuildingIQ, Inc.

Founded in 2009, BuildingIQ is a leading energy management software company whose mission is to redefine the way energy is managed in commercial buildings. BuildingIQ’s suite of software offerings are based on unique, patent-pending Predictive Energy Optimization^tm technology. These offerings reduce peak and ongoing energy cost and consumption, helping facility owners, managers and occupants get more value out of their existing HVAC energy systems. BuildingIQ has commercialized building control systems, modeling, and comfort research developed by the world-leading experts at the Energy Division of the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national research organization.

About Aster Capital

Aster Capital is a leading clean technology focused venture capital firm sponsored by Schneider Electric, Alstom, Solvay the European Investment Fund, global leaders in the energy and chemicals industries who have jointly invested in Aster’s second $130 million investment fund. With a total of $200 million under management, Aster aims to proactively leverage the expertise of these sponsors to support its portfolio companies in their further development.

http://www.aster.com

About Venture Capital unit of SFS

The Financial Services unit of Siemens (SFS) is an international provider of business-to-business financial solutions. SFS helps facilitate investments, providing commercial finance, project and structured finance and leveraged finance solutions with specific asset expertise in the energy, healthcare, industry, and infrastructure & cities markets. Employing more than 2,800 employees worldwide, SFS supports Siemens as well as other companies with their capital needs and acts as an expert manager of financial risks within the Siemens Group. As of September 30, 2012, the total assets amounted to €17.4 billion. For more information, visit: www.siemens.com/finance.

The Venture Capital unit of SFS – and corporate venture capital organization of Siemens – invests in early-stage technology companies and established growth companies, focusing on the energy, healthcare, industry, and infrastructure & cities markets. The aim is to identify innovative solutions from which Siemens can profit and plays a key role in Siemens’ global innovation network. To date, the company has invested more than €800 million in over 150 companies and 40 venture capital funds.

About Paladin Capital Group

Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors.  The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers.    Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies.

http://www.paladincapgroup.com

Pike Research – A Part of Navigant. (2012). Smart Building Managed Services. Boulder, CO: Pike Research. Retrieved January 9, 2013, from

http://s146206.gridserver.com/media/files/SBMS-12-Executive-Summary.pdf

Note: The original press release is here if you’d like to link to the original source: http://www.pikeresearch.com/newsroom/smart-building-managed-services-spending-to-surpass-1-billion-by-2020

Press Contacts:

Katie Blair

Vantage Communications for BuildingIQ

+1-407-767-0452 ex 229

kblair@pr-vantage.com 

# # #

Fixmo’s mobile security products are used by Government agencies and Enterprise customers around the world for securing and managing their mobile devices, business applications and private corporate data across company-owned and employee-owned (BYOD) smartphones and tablets. These enterprise products include Fixmo Sentinel, the enterprise mobility platform for securing mobile devices and monitoring system integrity; Fixmo SafeZone, the defense-grade secure container for keeping corporate email, data and apps encrypted, contained and under IT control no matter who owns the device; and Fixmo AppZone, a comprehensive mobile application management (MAM) solution for deploying, monitoring and supporting mobile apps in the enterprise.

Fixmo also recently entered the consumer mobile security market when it announced that it is powering the white-labeled “3 Super Safe” personal mobile security and protection solution for 3 Hong Kong, a division of Hutchison Telecommunications Hong Kong Holdings Limited.

“Samsung Venture Investment Corporation aligns with innovative companies that demonstrate potential strategic fit with Samsung,” said Hyuk-Jeen Suh, Senior Investment Manager with Samsung Ventures America. “Secure enterprise mobility, BYOD and personal privacy protection are some of the most important and exciting areas in the telecommunications market. Fixmo is poised to deliver next-generation solutions that help IT departments, business professionals and consumers remain secure and protected while embracing the next wave of mobility technology trends.”

“The investment from Samsung Ventures will further advance our research and development activities in the areas of mobile security, device integrity verification, adaptive policy management and compliance assurance,” said Rick Segal, CEO with Fixmo. “These solution areas are becoming increasingly important to customers around the world as they embrace Consumerization and the BYOD approach, but cannot sacrifice security, integrity, compliance or employee productivity.”

Samsung Ventures is the second venture capital group to make a strategic investment in Fixmo in the past six months. In August 2012, Motorola Solutions Venture Capital also announced a strategic investment and partnership with Fixmo. Terms of the Samsung Ventures investment were not disclosed. Prior to the investment from Samsung Ventures, Fixmo had raised over thirty million dollars through three series of funding.

About Samsung Venture Investment Corporation
Samsung Venture Investment Corporation manages investment and investment-related activities for Samsung affiliate companies. The investment mandate for Samsung Venture Investment Corporation tracks closely to the strategic priorities of Samsung affiliate companies’ core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics.

About Fixmo
Fixmo Inc. is the mobile risk management company that helps organizations identify, mitigate and manage the risks associated with mobile devices in the workplace. The company’s MRM solutions enable protected and compliant mobile computing, helping organizations embrace a wide range of mobile devices and applications while maintaining system integrity, protecting confidential data and proving regulatory compliance. Fixmo’s MRM technology has been developed as part of a Co-operative Research and Development Agreement (CRADA) with the U.S. National Security Agency (NSA). Fixmo is headquartered in Sterling, Virginia and Toronto, Canada (http://fixmo.com).

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For More Information, Contact
Ed Harrison
fama PR for Fixmo
fixmo@famapr.com
(617) 986-5003

ATLANTA – September 17, 2012 – Damballa Inc., the company transforming the fight against cyber threats, has closed $15 million in growth funding to help accelerate sales and distribution through channels to meet the rising market demand for the Damballa advanced threat protectionsolutions.

Adams Street Partners is leading this funding round and is joined by existing investors, who added to their equity stake in the company. David Welsh, partner at Adams Street, will join the Damballa Board.

“Adams Street Partners has been looking to invest in the growing network security market for some time, and we are excited to come on board with Damballa,” said Welsh. “We were intrigued by several aspects of Damballa’s business, including the technology, people and customer base. We realized that Damballa is truly defining the next generation of Internet Security. Damballa technology is unique in its approach to protecting organizations against targeted, zero-day and advanced malware threats. In addition, the talent and energy within the organization is unparalleled.”

“We are delighted with the dynamic and experienced team that Adams Street brings to Damballa,” said Val Rahmani, CEO of Damballa. “Companies in all industries urgently need a better way of protecting their enterprises and their customers. With significant innovations in our product and advances in our threat research capabilities, Damballa is clearly positioned to capitalize on the expanding market of advanced threat protection. Damballa has been executing on our growth strategy, and with this round of funding, we will be able to greatly accelerate marketing, sales and channel programs.”

“Today’s advanced criminal operators can easily evade traditional security technologies,” said Rahmani. “Threats are hiding in many corporate networks today despite layers and layers of security, and bring-your-own-device initiatives (BYOD) only make securing the enterprise more difficult. With our network-based approach and patent-pending analytics techniques, Damballa customers are experiencing a strong return on their investment by reducing their overall cost of threat detection and incident response, while rapidly identifying and terminating criminal activity before it can do harm.”

About Damballa

Damballa is a leading provider of advanced threat protection solutions for corporate, telecommunications and Internet service provider networks. Damballa provides the only network security solution that detects both criminal command-and-control (C&C) behaviors and inbound malware; automatically correlating all evidence of criminal behavior to uncover hidden infections and terminate the criminal activity. Patent-pending solutions from Damballa protect networks with any type of server or endpoint device including PCs, Macs, Unix, smartphones, mobile and embedded systems. Damballa protects more than 200 million endpoints worldwide at mid-size and large enterprises in every major market. http://www.damballa.com

PhishMe, which provides phishing awareness training for employees of government agencies, universities, and large enterprises, immerses employees in a real-world spear phishing experience. Through customizable scenarios that emulate real phishing attacks against an organization, PhishMe provides the opportunity to actually change behavior, rather than just warn users of the potential dangers an attack can pose to an organization.

Jason Clark will play a key role in PhishMe’s expansion in the U.S. and abroad.

With Jason’s expertise and strong background in the security space, PhishMe looks to expand future technology partnerships while continuing to enhance the product line and provide a premier level of professional services to its customers. Before joining Websense, Jason held the Chief Information Security Officer position at Emerson Electric Co., a diversified global manufacturing and technology company that provides innovative solutions to customers through its network power, process management, climate technologies and industrial automation. Jason is also well-known for his previous role as CISO for the New York Times.

“Jason’s expertise and experience in large enterprise security will bring a powerful and unique perspective to PhishMe. We look forward to integrating Jason’s strong background in security with PhishMe’s unique technology and hope this will be a long and beneficial relationship,” said Rohyt Belani, CEO and Co-Founder, PhishMe.

“PhishMe’s technology is changing the way we educate enterprise, university, and government employees,” said Jason Clark, Chief Security and Strategy Officer, Websense Inc. “Having led the security strategies of large enterprises, it is clear that upgrading physical technology alone will not solve the information security crisis and protect personal information. Educating employees needs to be a primary step, and with PhishMe, organizations can do so with a creative and effective technology.” About PhishMe PhishMe provides organizations the ability to train their employees and customers about the risks of spear phishing with just a few simple clicks. With over 3.5 million individuals trained since its launch in 2008, PhishMe provides a cost effective way to mitigate this challenge. The company has proven that its training can reduce the threat of employees and customers falling victim to phishing attacks by up to 85 percent.

PhishMe is a leader in anti-phishing training and focuses on educating users on how to best protect themselves from the latest scams. Using PhishMe’s built-in templates and simple functionality, companies can emulate real phishing attacks against their employees within minutes. PhishMe facilitates and automates the execution of mock phishing exercises against the employees and provides clear and accurate reporting on user behavior. Most importantly companies are able to focus their training efforts on the most susceptible employees by providing immediate feedback to anyone that falls victim to these exercises. Additionally, PhishMe adds customizable interactive games to the suite of training modules enterprises can deliver to their staff and customers. PhishMe works with Federal Agencies and Fortune 1000 companies across multiple vertical market sectors including financial services, healthcare, higher education and defense. For additional information, please visit.

About Websense Websense, Inc. is a global leader in unified Web, data, and email content security, delivers the best security for modern threats at the lowest total cost of ownership to tens of thousands of enterprise, mid-market, and small organizations around the world. Distributed through a global network of channel partners and delivered as software, appliances, and Security-as-a-Service (SaaS), Websense unified content security helps organizations take advantage of powerful new communication, collaboration, and Web 2.0 business tools while protecting from advanced persistent threats, preventing the loss of confidential information, and enforcing Internet use and security policies. Websense is headquartered in San Diego, Calif., with offices around the world.

Websense maintains research and development facilities in San Diego and Los Gatos, Calif.; Reading, England; Beijing, China; Sydney, Australia; and Ra’anana, Israel. The Websense research and development department includes several groups such as content operations, security research, software development, quality and assurance and documentation. Developed within Websense Security Labs(TM), the Websense ThreatSeeker Network is the technology foundation for Websense Web security, email security, and data security solutions. It provides the intelligence that underlies Essential Information Protection by delivering real-time reputation analysis, expanded behavioral analysis, and actual data identification.

CHANTILLY, Va., July 26, 2012 — PhishMe Inc., a spear phishing simulator, today announced it has closed a $2.5 million Series A round, led by Paladin Capital Group. The company will use the funding to support its expansion in the U.S. and abroad, to enhance its sales and business development efforts, and to solidify future technology partnerships while continuing to enhance the product line and provide a premier level of professional services to its customers. With this new investment, Christopher Steed, Vice President at Paladin Capital, is joining PhishMe Inc.’s Board of Directors.

PhishMe Inc. offers a turnkey service that helps change employee behavior in responding to targeted phishing attacks – the #1 attack vector used to compromise corporate and government networks today. PhishMe, which provides phishing awareness training for employees of government agencies, universities, and large enterprises, has successfully trained over 3.5 million workers to protect themselves from the increasingly-sophisticated tactics and scams employed by today’s cyber criminals and foreign actors. With PhishMe, employees are immersed in real-world “spear phishing experiences” and presented appropriate bite-sized training if found susceptible.

“This strategic partnership will bring a new and unique perspective on cyber security to employees and users worldwide. We look forward to working with Chris and hope this will be a long and beneficial relationship,” said Rohyt Belani, CEO and Co-Founder, PhishMe.

“PhishMe’s solution and professional services offer a refreshing method to mitigate the advanced persistent threat,” said Christopher Steed, Vice President, Paladin Capital Group. “PhishMe addresses the root cause – the human – in an effective, yet sensitive, manner.”

“At Paladin, we’re proud to support innovative companies like PhishMe that are bringing to market unique solutions that solve major, worldwide problems like security in the cyber age,” said Lieutenant General (Ret.) Kenneth Minihan, Managing Director at Paladin Capital. “When you look at the largest data breaches that have occurred over the past few years, it is clear that defending our most vital assets cannot be accomplished through physical and IT security alone. PhishMe’s approach to using hands-on cyber security education and awareness to improve Internet safety behaviors is critical to combatting today’s most advanced threats.”

Paladin Capital’s investment will help accelerate PhishMe’s technology development and help the company foster new partnerships in the industry, which are already underway.

About PhishMe
PhishMe provides organizations the ability to train their employees and customers about the risks of spear phishing with just a few simple clicks. With over 3.5 million individuals trained since its launch in 2008, PhishMe provides a cost effective way to mitigate this challenge. The company has proven that its training can reduce the threat of employees and customers falling victim to phishing attacks by up to 85 percent.

PhishMe is a leader in anti-phishing training and focuses on educating users on how to best protect themselves from the latest scams. Using PhishMe’s built-in templates and simple functionality, companies can emulate real phishing attacks against their employees within minutes. PhishMe facilitates and automates the execution of mock phishing exercises against the employees and provides clear and accurate reporting on user behavior. Most importantly companies are able to focus their training efforts on the most susceptible employees by providing immediate feedback to anyone that falls victim to these exercises. Additionally, PhishMe adds customizable interactive games to the suite of training modules enterprises can deliver to their staff and customers. PhishMe works with Federal Agencies and Fortune 1000 companies across multiple vertical market sectors including financial services, healthcare, higher education and defense. For additional information, please visit. www.phishme.com

About Paladin Capital Group
With offices in Washington, D.C., New York, New York and Dubai, United Arab Emirates, Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies.
www.paladincapgroup.com

“I am honored to be appointed by the secretary to the CyberSkills Task Force,” said Steed.  “It is imperative to protect our cyber critical infrastructure by deploying all means available to build a strong and deep cyber skilled workforce that can counter all cyber attacks, wherever they come from.”

Mr. Steed founded Paladin in 2001, he serves as Chairman of the Paladin Homeland Security Fund and Paladin III Investment Committees; he is also a member of the Paladin Capital Partners Fund Investment Committee. Mr. Steed provides management oversight of the firm’s operations and investments, and is responsible for the strategic direction of Paladin’s current and future activities.