Mocana Caps Fiscal Year with Growth, Innovation & Customer Momentum

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Embedded Security Market is a Bright Spot in a Tough Economy

For Mocana, a software company that delivers comprehensive embedded security solutions for non-PC devices, 2008 proved to be a validation of the company strategy. Founded to deliver high performance security solutions tailored for constrained device environments, Mocana significantly extended its customer base over the past year with new orders from communications and device vendors ranging from industry leaders like NetApp and Dell, to technology specialists like Radvision and SightSys to innovators like Cognex, Dragon Wave, Sagamore Systems and Zebra Technologies. 2008 also brought in a $7 million venture capital investment, executive team expansion and awards as one of the Red Herring Global 100 and for 'Technology Innovation of the Year' from Frost & Sullivan.

Commenting on the year, Adrian Turner, CEO of Mocana, said, "We truly are entering the age of the Internet of Things, with devices already outnumbering workstations on the Internet by about five to one. Without comprehensive embedded security, those devices represent billions of 'soft targets' for hackers. In general, information security is getting worse, not better. And as these devices increasingly interact with our healthcare facilities, our utility grids and our network infrastructure, device hacks will have catastrophic consequences."

Turner continued, "Throughout the past year, we really saw our story resonating with customers. We saw device manufacturers highlighting security as a competitive differentiator, and making security a priority - because consumers and enterprise customers alike demanded it. We expect this trend to continue in 2009 and hope that the recognition we received a few weeks ago as one of the 'Red Herring Global 100' is an early indication of a great year for Mocana."

2008 also represented a year of continued innovation for Mocana. The company made numerous product introductions and updates that included:

  • NanoPhone Suite for Android - the first (and only) enterprise-grade security suite for developers building on the Google™ Android platform,
  • NanoDefender - a revolutionary intrusion prevention system for embedded devices that eliminates false positives,
  • NanoSec - the smallest, fastest embedded IPsec implementation on the market, and
  • NanoUpdate - a totally new way to securely issue trusted firmware updates to vast networks of connected devices.

Today, Mocana offers more than 18 products for over 1,000 different OS/CPU combinations in a unified architecture for secure embedded systems: the Mocana Device Security Framework™, or DSF. The DSF offers a comprehensive approach to securing and managing any kind of connected device, from routers, switches and printers, to industrial automation and military equipment, to faxes, smartphones and DVRs.

Free Evaluation

Developers can register for a free source code evaluation at http://www.mocana.com/evaluate.html. For pricing and purchase information, please email sales(at)mocana(dot)com or call 866-213-1273.    

About Mocana
Mocana provides device management solutions and embedded security tools for consumer electronics manufacturers, datacom companies, telecom carriers, industrial automation applications and the enterprise. Mocana's industry-leading infrastructure software solutions ensure that wired and wireless devices, networks and their services all scale securely. The company sells a portfolio of 18 product offerings and claims more than 90 major customers, including Cisco, Freescale, Philips, Dell, Nortel Networks, Harris, Honeywell, Symbol, Net.com and Radvision, among others. Mocana was founded in 2002, is privately held, and headquartered in San Francisco. The company was recently named one of Red Herring's GLOBAL 100 - one of the 'Top 100 Privately-Held Companies in the World' for 2008, and also won Frost & Sullivan's Technology Innovation of the Year award. For more information, visit mocana.com.

Mocana Contact:
Greg Funaro
Lois Paul & Partners
781-782-5896
Greg_funaro(at)lpp(dot)com

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Greg Funaro
Mocana
781-782-5896
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