netForensics Completes First-Round Financing for Its Security Information Management Platform

Apr 02, 2001, 01:00 ET from netForensics, Inc.

    EDISON, N.J., April 2 /PRNewswire/ -- netForensics, Inc., a pioneer in
 Security Information Management (SIM), today announced it has received
 $7 Million in first round funding from Cisco Systems and California Venture
 Capital firm, Storm Ventures.  netForensics focuses on providing valuable
 information to support operations, security, engineering and audit.
 netForensics' flagship product provides continuous, real-time information,
 notification and analysis of high data-volume security infrastructure
 components, optimizing the investment value of enterprise point-product
 solutions.
     "We are pleased to be working with experienced companies, such as
 Cisco Systems and Storm Ventures," said Rajeev Khanolkar, President and Chief
 Executive Officer of netForensics.  "Our investors share our vision of
 providing security information management capability to a new global business
 economy struggling to protect its data."
     Storm Ventures has a long history and track record of starting, building
 and operating companies. Focused on early stage Internet infrastructure and
 connectivity companies, Storm leverages a broad network of experienced
 partners to create and build quality organizations of extraordinary value.
 For more information, please go to www.stormventures.com.
     "Security information management is a mission-critical element needed to
 continue the growth of e-commerce and data exchange over the Internet,"
 comments Ryan Floyd, General Partner of Storm Ventures and Director of
 netForensics.  "We believe that netForensics' top tier customer list,
 scaleable security architecture and experienced team make the company a leader
 in enterprise security information management."
     netForensics' technology provides a set of management functions based on a
 secure, logical, view of all security system elements.  Unique, XML-based
 ActiveEnvoy(TM) communications standards help ensure the interoperability and
 flexibility that enterprises need to deploy coherent security standards
 throughout the IT security infrastructure.  netForensics also provides device
 support for best-of-breed security devices to ensure a flexible and highly
 integrated solution.
 
     netForensics' Market Opportunity
     "The drivers for this marketplace are enormous," said Niten Ved,
 netForensics Chairman and Co-Founder.  "Every company concerned with securing
 their environment has purchased an array of vendor products to protect
 themselves.  However, the management and relationship analysis of all these
 non-compatible, data-intense and complex systems is rarely considered.  Hence,
 how secure are you really?  That is why this will be a billion dollar market
 in just a few years."
 
     About netForensics
     Located in Edison, NJ, netForensics, Inc. provides centralized Security
 Information Management (SIM) that not only ties together point-product
 solutions, but also provides IT managers and corporations significant return
 on investment.  Its multi-dimensional architecture features real-time
 reporting, correlation and forensics analysis that allow network managers to
 access critical security information from any web-browser to focus on and
 respond to high-risk threats to their valuable assets.  netForensics' seamless
 integration with Cisco, along with a wide variety of other vendor security
 devices, provides centralized security monitoring, dynamic security threat
 analysis and automated response mechanisms.
     NOTE:  netForensics(TM) is a trademark of netForensics.com, Inc.  All
 other trademarks/salesmarks mentioned in this press release are the property
 of their respective owners.
 
 

SOURCE netForensics, Inc.
    EDISON, N.J., April 2 /PRNewswire/ -- netForensics, Inc., a pioneer in
 Security Information Management (SIM), today announced it has received
 $7 Million in first round funding from Cisco Systems and California Venture
 Capital firm, Storm Ventures.  netForensics focuses on providing valuable
 information to support operations, security, engineering and audit.
 netForensics' flagship product provides continuous, real-time information,
 notification and analysis of high data-volume security infrastructure
 components, optimizing the investment value of enterprise point-product
 solutions.
     "We are pleased to be working with experienced companies, such as
 Cisco Systems and Storm Ventures," said Rajeev Khanolkar, President and Chief
 Executive Officer of netForensics.  "Our investors share our vision of
 providing security information management capability to a new global business
 economy struggling to protect its data."
     Storm Ventures has a long history and track record of starting, building
 and operating companies. Focused on early stage Internet infrastructure and
 connectivity companies, Storm leverages a broad network of experienced
 partners to create and build quality organizations of extraordinary value.
 For more information, please go to www.stormventures.com.
     "Security information management is a mission-critical element needed to
 continue the growth of e-commerce and data exchange over the Internet,"
 comments Ryan Floyd, General Partner of Storm Ventures and Director of
 netForensics.  "We believe that netForensics' top tier customer list,
 scaleable security architecture and experienced team make the company a leader
 in enterprise security information management."
     netForensics' technology provides a set of management functions based on a
 secure, logical, view of all security system elements.  Unique, XML-based
 ActiveEnvoy(TM) communications standards help ensure the interoperability and
 flexibility that enterprises need to deploy coherent security standards
 throughout the IT security infrastructure.  netForensics also provides device
 support for best-of-breed security devices to ensure a flexible and highly
 integrated solution.
 
     netForensics' Market Opportunity
     "The drivers for this marketplace are enormous," said Niten Ved,
 netForensics Chairman and Co-Founder.  "Every company concerned with securing
 their environment has purchased an array of vendor products to protect
 themselves.  However, the management and relationship analysis of all these
 non-compatible, data-intense and complex systems is rarely considered.  Hence,
 how secure are you really?  That is why this will be a billion dollar market
 in just a few years."
 
     About netForensics
     Located in Edison, NJ, netForensics, Inc. provides centralized Security
 Information Management (SIM) that not only ties together point-product
 solutions, but also provides IT managers and corporations significant return
 on investment.  Its multi-dimensional architecture features real-time
 reporting, correlation and forensics analysis that allow network managers to
 access critical security information from any web-browser to focus on and
 respond to high-risk threats to their valuable assets.  netForensics' seamless
 integration with Cisco, along with a wide variety of other vendor security
 devices, provides centralized security monitoring, dynamic security threat
 analysis and automated response mechanisms.
     NOTE:  netForensics(TM) is a trademark of netForensics.com, Inc.  All
 other trademarks/salesmarks mentioned in this press release are the property
 of their respective owners.
 
 SOURCE  netForensics, Inc.