Press
Britestream Networks Secures $10 Million in Funding
Series C Round to Support Continuing Product Development and Expansion of Sales
Efforts
AUSTIN, Texas – October 17, 2005 – Britestream
Networks, the leading provider of hardware-based data privacy solutions, today
announced it has closed $10 million in a third round of financing. The Series
C round was led by Austin Ventures and also included participation from existing
investors Granite Ventures, Seed Capital Partners, Technology Association Management
Company, Chisholm Partners, Parker Price Venture Capital and other existing investors.
Britestream will use this latest round of funding for continued product development
and expansion of the company’s sales efforts.
Britestream’s solutions help to address today’s top security
concerns – data privacy and regulatory compliance – by providing
a secure, scalable and simple solution to processing SSL-encrypted network
traffic.
The company has experienced increased adoption of its solutions by customers
from the financial services, e-commerce and government sectors. Britestream’s
solution is unique in offering a plug-and-play security Network Interface
Card (NIC) that provide 100% SSL offload to the server or the network edge
device in which it is installed.
“We experienced strong growth and steady product adoption in the first
three quarters of 2005 and are looking forward to continued success for the
remainder of this year and into 2006,” said Bob Weinschenk, president
and CEO of Britestream. “We believe that our commitment to meeting
the data security challenges of today’s organizations and continued
product innovation are the foundations for our success.”
About Britestream
Britestream Networks provides SSL security NICs or ASICs that deliver
a unique combination of powerful simplicity, un-compromised performance and
fortified security. Delivered in an industry-standard Ethernet NIC, Britestream’s
solution eliminates the need for network integration and provides 100% CPU
offload. With sensitive information stored in hardware, Britestream solutions
are tamper-proof. From existing applications such as servers, load balancers,
firewalls, and content switches to fast-growing emerging applications such
as SSL VPNs, XML/Web Services, and secure e-mail gateways, Britestream’s
board and chip solutions remove all barriers and penalties of deploying data
security. For more information, visit: www.britestream.com.
Media Contact:
press@britestream.com |
