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News

Cash injection feeds Finjan's growth

Finjan Software : 20 November, 2008  (Company News)
Finjan has secured investment capital to facilitate growth into the Secure Web Gateway market
Finjan has raised $22 million in an investment round led by HarbourVest Partners, with participation by new and current investors Benchmark Capital, Israel Seed Partners, Benhamou Global Ventures, and Cisco. The company will use the proceeds to accelerate its growth and leadership within the global Secure Web Gateway market.

"The Secure Web Gateway market is one of the fastest growing security segments with a great impact on content security as a whole' said Alex Rogers, Managing Director of HarbourVest Partners. "With its patented real-time content inspection and its proven expertise and track record, Finjan is uniquely positioned to proactively eliminate web-borne threats. Combined with its productivity, liability and bandwidth control, Finjan offers enterprises a comprehensive web security solution with reduced total cost of ownership. We are therefore excited to invest in Finjan," Rogers added.

This round of funding will assist Finjan in expanding its sales and marketing infrastructure and to bolster its leadership position in the web security arena.

"We are excited to close this investment round now, especially considering the current economic downturn. Thanks to Finjan's employees and executive team, we achieved record sales as well as major competitive wins. Our patented technology is favored by analysts and customers alike, which enables us to provide outstanding products and solutions. We are proud of our ability to maintain our exceptional high-level of customers' satisfaction and of the high renewal rates with existing customers - all achieved with an efficient operational structure," said John Vigouroux, President and CEO of Finjan. "Since the market evolved from URL filtering and Anti-Virus into a composite SWG market, Finjan's Secure Web Gateway is perfectly positioned to serve this $1B market with its unique product offering."

Finjan Secure Web Gateway enables organizations control, security and compliance for all their web productivity, liability and security needs. Differentiated by its industry-proven active real-time content inspection technology, Finjan Secure Web Gateway inspects inbound and outbound communication to prevent Crimeware from infiltrating networks and from confidential data leakage.
Protecting over a million users in more than a thousand corporations worldwide, Finjan's Secure Web Gateway appliances have received multiple industry awards and recognition, attesting to the unparalleled security products delivered by Finjan.
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