SecurePipe Raises New Round of Venture Financing
Lincolnshire, IL — December 1, 2004 — SecurePipe, a leading provider of managed network security services announced it has closed a $2.0 million round of funding from First Analysis, Prism Opportunity Fund and The Argentum Group. The proceeds of this financing will be used to enhance SecurePipe’s Network Operations Center, facilitate the development and launch of new services and expand the company’s business development initiatives.
SecurePipe has emerged as a leader in the managed network security arena, providing an affordable range of solutions to an expanding client base of distributed enterprises and financial institutions. The company’s comprehensive suite of managed services include firewall management, intrusion detection, email security (including virus blocking and spam identification), virtual private networking, and vulnerability testing, including scanning and assessments.
“SecurePipe continues to demonstrate solid growth potential,” said Howard Smith, managing director with First Analysis and SecurePipe board member. “The management team is focused on building this business and positioning the company for ongoing growth.”
“This company has a growing base of satisfied clients that recognize the value of SecurePipe’s service,” said Ted Feierstein, a general partner at Prism Opportunity Fund and SecurePipe board member. “An attractive value proposition helps position this company for further growth in the managed network security space.”
Walter Barandiaran, general partner of Argentum Group, said, “SecurePipe is well positioned to compete in a market where more companies are deciding to outsource their security management to experts. SecurePipe solutions represent a cost-effective way for organizations to deal with the complex challenge of maintaining effective security and complying with regulatory requirements.”
“This financing will enable us to focus on our goal–the efficient delivery of effective 24x7x365 security services that offer our clients affordable solutions,” said Art Roldan, SecurePipe CEO. “This investment will help us keep pace with the growth of the information technology security sector,” concluded Roldan.
SecurePipe delivers managed network security services to financial institutions and distributed enterprises wrestling with escalating regulatory requirements. A best of breed blend of disciplined process, expert people and proven technology underlies SecurePipe’s comprehensive suite of managed services which are delivered from its state of the art network operations center staffed 24x7x365 by security engineers. No other managed network security service offers a comparable breadth and depth of services at such an affordable price.
For more information, please contact Jim Brintnall at 847.940.0025 or firstname.lastname@example.org.