Qualys, Inc. Secures $20M in Second Round Financing

Philippe Courtot Joins as Chairman and CEO



Apr 10, 2001, 01:00 ET from Qualys, Inc.

    SUNNYVALE, Calif., April 10 /PRNewswire/ -- Qualys, Inc., a leading
 provider of enterprise network vulnerability assessment and monitoring
 solutions, today announced the completion of its second round of venture
 financing and that Philippe Courtot, formerly CEO of Signio, Verity and
 cc:Mail, has joined the company as chairman and CEO. The announcement comes as
 Qualys extends its web-hosted vulnerability assessment and monitoring platform
 to meet the global network scanning requirements of the fast-growing Managed
 Security Provider (MSP) industry.
     Qualys has raised $20 million in its second round of financing. Main
 second-round founders include Trident Capital, a private equity firm focused
 on the network economy, and ABS Ventures, a leading independent, institutional
 venture capital firm. Original investors included Bessemer Venture Partners
 and VeriSign, the leading provider of Internet trust services. Qualys' most
 recent financing will support the company's expanded research and development
 and worldwide marketing efforts.
     Philippe Courtot joined Qualys in December 2000 as chairman of the board
 and CEO. An early private investor in Qualys, Mr. Courtot has a track record
 of transforming small, innovative companies into industry leaders. This has
 included managing Signio into a significant E-commerce player and engineering
 its sale to VeriSign in a purchase valued in excess of a billion dollars. As
 CEO of Verity, he oversaw the company's emergence as the leader in enterprise
 knowledge retrievals solutions and directed its initial public offering. As
 CEO of cc:Mail, he grew an unknown startup into the dominant e-mail platform
 provider with a 40% market share before its sale to Lotus.
     "Qualys is well positioned to lead in the security marketplace through its
 unique global delivery platform for Managed Security Providers and its strong
 management," said David Cowan, managing partner of Bessemer Venture Partners
 and a member of VeriSign's board of directors. "In Phillipe Courtot, Qualys
 has attracted a seasoned CEO who is known for turning pioneers into market
 leaders and who is superbly qualified to guide Qualys through its next stages
 of growth."
     "Network security is a mounting challenge for corporations, particularly
 as they extend network access to trading partners and customers," said
 Donald R. Dixon of Trident Capital. "As companies increasingly outsource their
 security to the new breed of Managed Security Providers, we believe that the
 market for remote vulnerability assessment solutions will rapidly expand and
 that, under the guidance of Philippe Courtot, Qualys will continue to grow its
 leadership position in this important market space."
     Qualys enables businesses to continuously and accurately audit their
 networks via the Internet to detect security vulnerabilities. The company's
 vulnerability assessment and monitoring platform enables MSPs, systems
 integrators and other security professionals to launch comprehensive remote
 security auditing services that detect vulnerabilities across any sized
 network, assess the severity of each weakness, and provide alerts and
 suggested fixes in an easily understood graphical format.
     In recent months, Qualys has established partnerships with major security
 consulting companies, including eSecurityOnline (eSO) -- the premier
 e-Security portal subsidiary of Ernst & Young -- as well a Ubizen and
 Predictive Systems/Global Integrity. Qualys has also increased its customer
 base by over 400 percent in the past six months, adding such industry-leading
 companies as Agilent Technologies, Apple Computer, Bank of the West, Siebel
 Systems, and Broadwing to its roster of clients.
     "Vulnerability assessment and monitoring is one of the most important and
 fastest growing segments of the Internet security industry, and it is clear to
 us that Qualys has the potential to lead this market," said Jin Byun of
 ABS Ventures. "That some of the industry's leading players have already
 selected Qualys as their vulnerability assessment tool of choice validates the
 value and the viability of Qualys technology as an effective base on which to
 build a proactive enterprise security strategy."
     "At a time when large investments in young companies are a relative
 rarity, two leading firms have chosen to invest in Qualys," said Philippe
 Courtot. "Their commitment is a strong confirmation of the mounting need for
 automatic detection of network vulnerabilities and of Qualys' ability to meet
 that need."
    French and Basque born, Mr. Courtot has been in Silicon Valley since
 August, 1987. He holds a Masters degree in Physics from the University of
 Paris.
 
     About ABS Ventures
     ABS Ventures is a leading independent, early stage institutional venture
 capital firm with offices in Baltimore, Vienna VA, New York, and
 San Francisco. ABS has been actively investing in leading information
 technology companies since 1982. The Firm has invested in over 100 companies
 and generally serves as active lead investors. ABS invests throughout the
 United States in private technology companies developing products or services
 in the areas of Communications and Software. ABS' focus and expertise in the
 communications and software industry has led to many investments in successful
 companies such as Cascade Communications, Wellfleet Communications, Harmonic
 Lightwaves, Banyan, Telogy Networks, Daleen Technologies, SQA, Anadigics,
 Sun Microsystems, and Transmeta. ABS Ventures V is currently actively
 investing $600 million in emerging growth technology companies. The sole
 limited partner of ABS is Deutsche Banc Alex. Brown. This relationship and the
 ability to bring the resources of one of the world's largest financial
 institutions and most successful technology investment banks to bear on behalf
 of ABS portfolio companies, helps to further ensure the success of
 ABS-sponsored entrepreneurs.
 
     About Trident Capital
     In 1993, Trident Capital was founded with a clear vision:  to invest in
 information and business services companies. Trident made it their business to
 understand the markets, the movers, the technology and the potential.
 Trident's focus on information and business services led them to become early
 investors in Internet companies, including MapQuest and CSG Systems. To date,
 they have raised five funds and have over $1.3 Billion in Capital under
 management. Trident continues to back businesses that capitalize on the
 ever-growing importance of information connectivity. By leveraging their
 operating experience and influential contacts, Trident has helped talented
 entrepreneurs to build many successful companies. A number of companies from
 Trident earlier funds are now public. Many of Trident recent investments are
 becoming leaders in their marketplaces. Investment sectors on Trident's radar
 screen include:  the Internet; infrastructure management; outsourcing;
 transaction services; wireless and information technology.
 
     About Qualys, Inc.
     Qualys, Inc. is a leading provider of network assessment and monitoring
 solutions, enabling Managed Security Providers, security professionals and
 corporate customers to remotely and automatically audit Internet-connected
 networks for security vulnerabilities. Where traditional security monitoring
 products require customers to buy, develop and manage solutions internally,
 Qualys' service platform approach enables immediate, transparent and
 continuous security auditing and risk assessment of global networks, inside
 and outside the firewall. Founded in 1999 by a team of Internet security
 experts, Qualys is headquartered in Sunnyvale, California, with research and
 development facilities in Paris and offices in Germany and the U.K. The
 company is privately financed by ABS Ventures, Bessemer Venture Partners,
 Trident Capital, and VeriSign, the leading provider of Internet trust
 services. For more information about Qualys, please visit www.qualys.com.
 
 

SOURCE Qualys, Inc.
    SUNNYVALE, Calif., April 10 /PRNewswire/ -- Qualys, Inc., a leading
 provider of enterprise network vulnerability assessment and monitoring
 solutions, today announced the completion of its second round of venture
 financing and that Philippe Courtot, formerly CEO of Signio, Verity and
 cc:Mail, has joined the company as chairman and CEO. The announcement comes as
 Qualys extends its web-hosted vulnerability assessment and monitoring platform
 to meet the global network scanning requirements of the fast-growing Managed
 Security Provider (MSP) industry.
     Qualys has raised $20 million in its second round of financing. Main
 second-round founders include Trident Capital, a private equity firm focused
 on the network economy, and ABS Ventures, a leading independent, institutional
 venture capital firm. Original investors included Bessemer Venture Partners
 and VeriSign, the leading provider of Internet trust services. Qualys' most
 recent financing will support the company's expanded research and development
 and worldwide marketing efforts.
     Philippe Courtot joined Qualys in December 2000 as chairman of the board
 and CEO. An early private investor in Qualys, Mr. Courtot has a track record
 of transforming small, innovative companies into industry leaders. This has
 included managing Signio into a significant E-commerce player and engineering
 its sale to VeriSign in a purchase valued in excess of a billion dollars. As
 CEO of Verity, he oversaw the company's emergence as the leader in enterprise
 knowledge retrievals solutions and directed its initial public offering. As
 CEO of cc:Mail, he grew an unknown startup into the dominant e-mail platform
 provider with a 40% market share before its sale to Lotus.
     "Qualys is well positioned to lead in the security marketplace through its
 unique global delivery platform for Managed Security Providers and its strong
 management," said David Cowan, managing partner of Bessemer Venture Partners
 and a member of VeriSign's board of directors. "In Phillipe Courtot, Qualys
 has attracted a seasoned CEO who is known for turning pioneers into market
 leaders and who is superbly qualified to guide Qualys through its next stages
 of growth."
     "Network security is a mounting challenge for corporations, particularly
 as they extend network access to trading partners and customers," said
 Donald R. Dixon of Trident Capital. "As companies increasingly outsource their
 security to the new breed of Managed Security Providers, we believe that the
 market for remote vulnerability assessment solutions will rapidly expand and
 that, under the guidance of Philippe Courtot, Qualys will continue to grow its
 leadership position in this important market space."
     Qualys enables businesses to continuously and accurately audit their
 networks via the Internet to detect security vulnerabilities. The company's
 vulnerability assessment and monitoring platform enables MSPs, systems
 integrators and other security professionals to launch comprehensive remote
 security auditing services that detect vulnerabilities across any sized
 network, assess the severity of each weakness, and provide alerts and
 suggested fixes in an easily understood graphical format.
     In recent months, Qualys has established partnerships with major security
 consulting companies, including eSecurityOnline (eSO) -- the premier
 e-Security portal subsidiary of Ernst & Young -- as well a Ubizen and
 Predictive Systems/Global Integrity. Qualys has also increased its customer
 base by over 400 percent in the past six months, adding such industry-leading
 companies as Agilent Technologies, Apple Computer, Bank of the West, Siebel
 Systems, and Broadwing to its roster of clients.
     "Vulnerability assessment and monitoring is one of the most important and
 fastest growing segments of the Internet security industry, and it is clear to
 us that Qualys has the potential to lead this market," said Jin Byun of
 ABS Ventures. "That some of the industry's leading players have already
 selected Qualys as their vulnerability assessment tool of choice validates the
 value and the viability of Qualys technology as an effective base on which to
 build a proactive enterprise security strategy."
     "At a time when large investments in young companies are a relative
 rarity, two leading firms have chosen to invest in Qualys," said Philippe
 Courtot. "Their commitment is a strong confirmation of the mounting need for
 automatic detection of network vulnerabilities and of Qualys' ability to meet
 that need."
    French and Basque born, Mr. Courtot has been in Silicon Valley since
 August, 1987. He holds a Masters degree in Physics from the University of
 Paris.
 
     About ABS Ventures
     ABS Ventures is a leading independent, early stage institutional venture
 capital firm with offices in Baltimore, Vienna VA, New York, and
 San Francisco. ABS has been actively investing in leading information
 technology companies since 1982. The Firm has invested in over 100 companies
 and generally serves as active lead investors. ABS invests throughout the
 United States in private technology companies developing products or services
 in the areas of Communications and Software. ABS' focus and expertise in the
 communications and software industry has led to many investments in successful
 companies such as Cascade Communications, Wellfleet Communications, Harmonic
 Lightwaves, Banyan, Telogy Networks, Daleen Technologies, SQA, Anadigics,
 Sun Microsystems, and Transmeta. ABS Ventures V is currently actively
 investing $600 million in emerging growth technology companies. The sole
 limited partner of ABS is Deutsche Banc Alex. Brown. This relationship and the
 ability to bring the resources of one of the world's largest financial
 institutions and most successful technology investment banks to bear on behalf
 of ABS portfolio companies, helps to further ensure the success of
 ABS-sponsored entrepreneurs.
 
     About Trident Capital
     In 1993, Trident Capital was founded with a clear vision:  to invest in
 information and business services companies. Trident made it their business to
 understand the markets, the movers, the technology and the potential.
 Trident's focus on information and business services led them to become early
 investors in Internet companies, including MapQuest and CSG Systems. To date,
 they have raised five funds and have over $1.3 Billion in Capital under
 management. Trident continues to back businesses that capitalize on the
 ever-growing importance of information connectivity. By leveraging their
 operating experience and influential contacts, Trident has helped talented
 entrepreneurs to build many successful companies. A number of companies from
 Trident earlier funds are now public. Many of Trident recent investments are
 becoming leaders in their marketplaces. Investment sectors on Trident's radar
 screen include:  the Internet; infrastructure management; outsourcing;
 transaction services; wireless and information technology.
 
     About Qualys, Inc.
     Qualys, Inc. is a leading provider of network assessment and monitoring
 solutions, enabling Managed Security Providers, security professionals and
 corporate customers to remotely and automatically audit Internet-connected
 networks for security vulnerabilities. Where traditional security monitoring
 products require customers to buy, develop and manage solutions internally,
 Qualys' service platform approach enables immediate, transparent and
 continuous security auditing and risk assessment of global networks, inside
 and outside the firewall. Founded in 1999 by a team of Internet security
 experts, Qualys is headquartered in Sunnyvale, California, with research and
 development facilities in Paris and offices in Germany and the U.K. The
 company is privately financed by ABS Ventures, Bessemer Venture Partners,
 Trident Capital, and VeriSign, the leading provider of Internet trust
 services. For more information about Qualys, please visit www.qualys.com.
 
 SOURCE  Qualys, Inc.