VANCOUVER, British Columbia, Nov. 19, 2015 /PRNewswire/ -- TELUS Ventures is investing in ZENEDGE, a California-based provider of Cloud-based web application security and DDoS (distributed denial-of-service) mitigation solutions. TELUS is participating in a $4.0 million Series B investment round, which follows ZENEDGE's $3.5 million round last year, bringing total venture funds raised by the company to $7.5 million.
This investment will allow ZENEDGE to add new DDoS mitigation centers in Toronto and Amsterdam, expanding its Canadian and European presence. Through this venture investment, TELUS will now offer ZENEDGE cybersecurity solutions to its business customers.
"TELUS is the best strategic partner for ZENEDGE as we share the same goal of ensuring security of web applications and networks for businesses," said Yuri Frayman, CEO of ZENEDGE.
ZENEDGE will open its Toronto mitigation center later this quarter, complementing the company's existing two Canadian points of presence in Vancouver and Toronto, and ensuring complete data sovereignty for clean traffic and mitigation on Canadian soil.
"ZENEDGE's technology is easy to use, flexible and effective, while their team has deep and long-standing expertise in cybersecurity, which is an increasingly-important area of our business," said Mathew George, Vice-President of TELUS Ventures. "With ZENEDGE, we are strengthening our ability to keep Canadian business customers safe."
In addition to this investment, TELUS Vice-President and Chief Security OfficerKenneth Haertling will also join ZENEDGE's board of directors. "TELUS has always made it a priority to provide customers with exceptional security services, whether securing confidential data for major enterprises or delivering better healthcare services through safer technology. We're looking forward to drawing on ZENEDGE's expertise to enhance our end-to-end security offerings."
Mr. Frayman added, "Ken Haertling's experience and expertise will prove very valuable to our team as we continue to evolve our solutions. We look forward to working with him and the TELUS team to deliver our cybersecurity managed service offerings to TELUS business customers."
ZENEDGE is a leading provider of Cloud-based cybersecurity solutions, specializing in Web Application Firewall (WAF) and DDoS mitigation for web applications, networks, and Domain Name Servers (DNS). ZENEDGE protects thousands of web properties and networks for customers in financial services, ecommerce, technology, media & entertainment, and government, with a global partner network in the United States, Canada, Europe, South America, and Asia. ZENEDGE is headquartered in Los Angeles, California. For more information, visit www.zenedge.com.
- ZENEDGE Blog Post: Data Sovereignty and the Cloud in Canada and Beyond - http://bit.ly/1MV8kG8
- Video: The ZENEDGE Difference - http://bit.ly/1j5Qqdb
- ZENEDGE Solutions Overview: http://bit.ly/1LoN1Cx
- ZENEDGE Blog Post: Why Existing Defenses are No Longer Effective Means of Cybersecurity - http://bit.ly/1MPevOW
- ZENEDGE Blog - http://bit.ly/1KR9dlk
About TELUS Ventures
TELUS Ventures, the strategic venture investment arm of TELUS, evaluates companies, markets, management teams and technologies to ensure a fit to TELUS' strategy and to maximize financial returns on investment. The Ventures' team drives success for its portfolio of company investments by actively facilitating relationships within TELUS and our network of partners.
For more information about TELUS, please visit telus.com/ventures.
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SOURCE ZENEDGE; TELUS Ventures