ForeScout Technologies Raises $10M in Funding to Fuel Growth in Rapidly Expanding Network Access Control (NAC) Market |
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Cupertino, California USA, Tel Aviv, Israel and London, UK —October 19, 2005—ForeScout Technologies, Inc., a leader in clientless network policy enforcement and intrusion prevention solutions, announced today that it has raised an additional $10 million in venture funding to fuel its exponential growth. Amadeus Capital Partners, a new ForeScout investor, led the round in which existing investors, Accel Partners, Meritech Capital, Pitango Venture Capital and Itouchu Corporation also participated.
"Amadeus has a proven track record of funding industry defining companies" said T. Kent Elliott, ForeScout's CEO. We are pleased to welcome them to our existing venture partners enabling ForeScout's continued penetration of the network security marketplace. This additional investment strengthens ForeScout's ability to answer the industry demand for robust and easy network access control and intrusion prevention solutions." ForeScout recently introduced the CounterACT 5.0 security appliance, which builds on the existing strength of its core patented technology, Active Response. CounterACT provides complete network access control enforcing all network access policies. This functionality is integrated with ForeScout's signatureless intrusion prevention technology, which ensures network protection in real-time from "zero-day" threats even if the connecting endpoint is in compliance with network access policies. Additionally, CounterACT provides the ability to identify any existing vulnerabilities and deploys a virtual firewall, protecting the device(s) from potential exploit. With this expanded functionality, CounterACT has become an integrated security platform enabling network administrators the ability to block/quarantine malware and create/enforce granular access policies for all endpoints in conjunction with existing network elements. This is an essential aspect of fulfilling data security requirements for regulatory compliance. CounterACT provides a cost effective, flexible solution for delivering complete policy enforcement and intrusion prevention without the need for major network infrastructure overhauls. Richard Anton, the Amadeus Director who joins the ForeScout Board, said: "Threats to network security are a key issue for enterprises today. Businesses and governments are constantly seeking clever, effective products to meet these threats. In our view, the products that will lead this market are those that can reduce management burden and successfully integrate the different layers of protection required. ForeScout is pioneering in both these respects and we are delighted to be participating in the company's growth." ForeScout's customer base continues to expand across multiple vertical markets including banking/finance, consumer, entertainment, energy, healthcare and government/military agencies. Among ForeScout's 275+ customers are some of the most security intensive Fortune 500 companies, who look to ForeScout to ensure business continuity through leading edge clientless network access control and network security policy management/enforcement. About Amadeus Amadeus invests venture capital in new technologies from offices in London and Cambridge, UK. Since its inception in 1997, Amadeus has backed over 50 companies in the UK and continental Europe, covering computer hardware and software, mobile and fixed communications technologies and medical technologies. Investments include Cambridge Silicon Radio, producing single chip bluetooth radios for short range connections and floated on the London Stock Exchange in 2004, Optos, a manufacturer of laser retinal scanners and number one in 2003's Tech Track 100, Cambridge Broadband, developing technologies for wireless broadband networks in countries with poor infrastructure and number one in 2004's Tech Track 100, Valista, an electronic payments company, Clearswift, a leader in content security software listed ninth in 2005's Tech Track 100. Successful realisations from the Amadeus portfolio include Entropic, bought by Microsoft and Element-14, bought by Broadcom Corporation. More at www.amadeuscapital.com. |
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About ForeScout Technologies, Inc.
ForeScout's clientless network access control (NAC) solutions enable customers to implement and enforce network access policies of both managed and unmanaged devices in both a pre and post connect mode to gain complete control over network security without disrupting end-user productivity. ForeScout's flagship product, CounterACT, combines network access control and signature-less intrusion prevention in a single network appliance that interrogates and enforces controlled access of every device while seamlessly integrating with any existing IT infrastructure. ForeScout's NAC is completely transparent and enables enterprises to tailor enforcement to match the exact level of each policy violation, eliminating disruptions during device interrogation. Today, Fortune 500 corporations and government agencies have deployed ForeScout appliances globally controlling access to their networks and resources, defending against hackers and self-propagating malware, and ensuring business continuity. ForeScout's headquarters are located in Cupertino, California. |
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PRESS CONTACTS:
Corporate Contact
Nancy Renzullo
ForeScout Technologies
408.213.3194
pr@forescout.com
Media Contact
Samantha Leggat
Lux Communications
925.447.5300
samantha.leggat@earthlink
.net
Corporate Contact
Nancy Renzullo
ForeScout Technologies
408.213.3194
pr@forescout.com
Media Contact
Samantha Leggat
Lux Communications
925.447.5300
samantha.leggat@earthlink
.net
Acclaim
"It's well known that complexity is the enemy of security, so any product that can add a layer of security in a very simple way, with virtually no administrative overhead, is worth a look."
J.P. Vossen, Technical Editor, Information Security