Looking Glass Systems Announces $3 Million in Private Equity Funding

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Looking Glass Systems, LLC, an information technology security products company, today announces private equity funding in the total amount of $3 million.

Looking Glass Systems’ funding round was led by Wilhelm Management, with additional investments by independent investors Shimon Kabili and Chris Johnson.

"We are very excited to be working with Looking Glass Systems,” said Kelly Wilhelm, Managing Partner of Wilhelm Management. "Looking Glass Systems has exceptional information security management experience and a technology development team that is developing groundbreaking functionality for the customer. We believe that Looking Glass Systems will redefine information security management for businesses."

“The cost and complexity of managing IT risk is spiraling upward,” said Looking Glass Systems CEO Raymond Hicks. “Multiple stove-pipe systems are becoming increasingly complicated, difficult to manage, and more costly to operate.”

“Our intent is to start with the concepts of simplicity and modularity, then develop a comprehensive security management platform,” said Looking Glass Systems CTO Jeff Ahlerich. “The Looking Glass technology will either act as middleware to existing security systems and/or provide functionality such as enterprise logging, asset and configuration management, patch management, anti-virus and spyware detection, and many more features directly from Looking Glass Systems”.

“Our partners are clamoring for an integrated, cost effective solution,” said Looking Glass Systems COO and former National Archives and Records Administration CISO David Filbey. “Federal and commercial customers alike are striving to implement risk-based, cost effective information security. Our technology will help them reach that goal.”

Looking Glass Systems currently believes it will launch its appliance based security management system in the fourth quarter of 2005.

About Looking Glass Systems - Looking Glass Systems, LLC was established in September of 2004, and is headquartered in Boulder, Colorado. The Looking Glass Systems founders, Raymond Hicks, Jeff Ahlerich, and David Filbey, have over thirty years combined information security experience in the federal and private sectors.

Most recently, Raymond Hicks and Jeff Ahlerich were both with Northrop Grumman where they designed, implemented, and managed the Security architecture and Operations Center for the Department of Homeland Security. Prior to that effort Ray Hicks was the Director of IT Security for SAIC where he led the engineering and operations effort for the former INS IT Security program and counter-terrorism effort, while Jeff Ahlerich was a Senior Security Product Engineer with UUNET Technologies. David Filbey was the former Chief Information Security Officer for the National Archives and Records Administration and has several years of experience as a leader in information security at SAIC and PricewaterhouseCoopers in the US and Europe.

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