Portland, OR (PRWEB) April 21, 2009
SignaCert, Inc. today announced the second round of investment with the completion of an $8.8m Series B financing round. The round was comprised of full participation by the existing investors including DCM, Intel Capital and SmartForest Ventures. The company also added additional strategic and financial investors including In-Q-Tel.
"We are very pleased to add strategic and financial bench strength with the completion of our Series B," said Wyatt Starnes, SignaCert CEO and President. "In this challenging financial environment, we are very pleased to have additional partners and resources to continue to build and deliver our innovative solutions and content."
SignaCert has been delivering comprehensive solutions for IT Compliance, Operational Efficiency, and IT Lifecycle Stability for several quarters. Based on what the industry is dubbing "whitelisting" techniques, these methods are intended to augment existing solutions enabling use cases such as "allow listing" and "application whitelisting." The Company intends to use the new funding to further market expansion in both direct sales and for expanded OEM partner development.
Commenting on the expanded market focus, Starnes added, "While we will continue to maintain direct focus in the end-to-end commercial enterprise sectors, we intend to increase our focus on emerging government needs, as well as extend our presence in the OEM space. New IT methods, enabled by comprehensive whitelist methods and content are emerging as a crucial new tool for IT practitioners worldwide."
"IT security and management is a high priority for our government customers and partners," said Troy M. Pearsall, Executive Vice President of Architecture and Engineering at In-Q-Tel. "SignaCert's products provide system administrators the ability to understand, measure, and manage software capabilities which are essential to securing the cyber infrastructure."
Simultaneously the company announced the addition of Scott K. Campbell who brings over 17 years of enterprise sales leadership experience to the position of VP of Global Sales. Previously Mr. Campbell was VP of World Wide Sales for four years at Jive Software, a provider of enterprise social networking solutions. Prior to Jive, Mr. Campbell was the Director of Western Region Sales at Tripwire for six years.
SignaCert is the leading provider of next-generation IT compliance solutions allowing organizations to rapidly achieve and prove continuous compliance for the systems that deliver critical business services. SignaCert's patented technology can be quickly deployed and provides immediate visibility into the actual state of IT infrastructure. The SignaCert architecture is designed to seamlessly integrate with existing change processes and continuously monitor critical business services without disruption.
Founded in 2004 by 34-year IT security and compliance industry veteran Wyatt Starnes, SignaCert has assembled a world class team of industry leaders with hands-on IT experience for its executive team, board of directors, and advisory board. SignaCert's customers span a wide variety of industries, including financial services, government, and healthcare.
For more information visit: http://www.signacert.com.
In-Q-Tel is the independent, not-for-profit strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the mission of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private, independent organization, In-Q-Tel's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. In-Q-Tel concentrates on several broad commercial technology areas, including applications software and analytics; bio, chemical, and nanotechnology; communications and infrastructure; digital identity and security; and embedded systems and power. To date, In-Q-Tel has engaged with more than 140 companies and delivered more than 140 technology solutions to the Intelligence Community. To learn more about In-Q-Tel, visit http://www.iqt.org.
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