Milpitas, CA (PRWEB) November 30, 2010
SS8, the leading US-based provider of lawful communications interception and forensics solutions today announced the closing of a $12.5 million Series B equity financing. New investor, Novak Biddle Venture Partners, joined existing investors, Goldman Sachs Private Equity Group, ONSET Ventures, Kleiner Perkins Caulfield and Byers, W Capital Partners, and Woodside Fund in the round. The successful financing attracted investment from all existing shareholders as well as several new parties--a testament to the expanding market opportunity and the increasing global attention on communication analysis to help combat crime and terrorism. This financing represents the second round of funding since SS8 repositioned itself; focusing solely on meeting global demand for cyber-security products and solutions.
With more than twenty-five years of security expertise, Novak Biddle Venture Partners’ co-founder and general partner, Roger Novak, will join SS8’s Board of Directors. “SS8 offers a unique combination of telecom-technology expertise, plus more than a dozen years experience working with both service providers and government law enforcement agencies in delivering field-proven lawful interception and cyber monitoring solutions,” said Novak. “Our investment, and the continued commitment from existing investors, reflects our confidence in SS8’s ability to execute on their strategy to deliver end-to-end interception and analysis solutions.”
SS8’s end-to-end communication interception and forensics solutions manage the provisioning, acquisition, and delivery of intercepted network traffic and related call data to monitoring-center applications at law enforcement and intelligence agencies. Fully compliant with ETSI and CALEA interception and monitoring standards, more than 250 SS8 systems have been deployed globally for all major types of communications including wireline, wireless, IMS, cable, WiFi, WiMAX, LTE, VoIP and broadband IP data. The additional funding will allow SS8 to keep pace with technology developments required to support ever-increasing Internet bandwidth and myriad IP communication applications and protocols as they emerge and evolve.
“New web-based communication applications such as webmail and social media have greatly increased the complexity of, and demand for, our interception and forensics solutions,” said Dennis Haar, SS8 President and CEO. “This round of funding will allow us to accelerate development and expand sales channels for state-of-the-art security solutions; helping governments around the world protect personal safety and national security.”
About SS8 – Headquartered in the heart of the Silicon Valley in Milpitas, California, SS8 is an independent global provider of regulatory-compliant electronic surveillance solutions. The company’s solutions are currently deployed in over 25 countries at the largest wire-line, wireless, cable, VoIP and satellite service providers, supporting more than 500 million subscribers. These voice and data communications intercept solutions serve local, regional and national law enforcement and intelligence agencies worldwide. SS8 products are sold and supported both directly and through OEM partnerships.