Security Featured Article

Supporting the company’s market expansion and new product development, NitroSecurity (News - Alert), a provider of high performance, unified information security solutions, has secured $10 million in financing.

 

NitroSecurity believes that this round of funding will help the company to continue to develop its suite of IT security solutions and include next-generation SIEM functions like predictive event correlation and deeper event-to-flow forensics. Apart from developing its products, the company will also be developing its global channel program to extend its reach into the mid-market.

 

Supplanting the need for disparate products and services from multiple vendors, NitroSecurity offers a suite of unified information security solutions. The company's product portfolio includes integrated solutions for Security Information and Event Management (SIEM), Log Management, Network Behavior and Anomaly Detection (NBAD), Database Activity Monitoring and Network Intrusion (News - Alert) Prevention and Detection.

 

In the funding round, NitroSecurity received strong support from its previous investors, First Analysis and Brookline Venture Partners. With this new inflow of money, the company plans to fund market expansion through sales, marketing and channel growth, as well as new product development.

 

Companies are making smarter decisions regarding the solutions they implement, with the increasing security threats on the networks of the companies.

 

“There is a big theme of unification that has been picking up steam in the security industry as companies are looking for ways to secure their networks with less equipment,” said Glenn Rieger, general partner of NewSpring and member of NitroSecurity's board of directors.

 

“NitroSecurity has had tremendous success addressing this theme and in generating momentum in the market. Strong partnerships, key strategic acquisitions, a growing roster of global customers and increased adoption in a variety of verticals such as higher education and the government sector, prove that the company is poised for continued success,” added Rieger.