In exciting and rapidly growing industries such as network security, it is often the newer, younger companies that are the most innovative in providing end-user solutions that overcome critical problems.
Bedford, MA (PRWEB) August 6, 2007
NetClarity, Inc., a leading provider of proactive vulnerability management, intrusion prevention and network security products and services, today announced that Tom Crowley, Managing Director of Ritchie Capital Management's venture capital and private equity division, has joined its Board of Directors. Mr. Crowley has an extensive track record in information technology investing. Prior to Ritchie Capital, he was a founding partner of JEGI Capital, and a managing director for GE Equity, where he co-managed the IT and telecom investing unit.
"In exciting and rapidly growing industries such as network security, it is often the newer, younger companies that are the most innovative in providing end-user solutions that overcome critical problems." said Mr. Crowley. "Today, concerns about uptime, compliance and malicious insider threats are widespread throughout the industry. NetClarity is particularly well positioned to deliver creative, reliable and cost-effective solutions to these problems, by leveraging its strong, innovative foundation - reflected in a solid patent portfolio and award winning products."
The announcement comes on the heels of NetClarity winning Best Buy and Five Stars products awards by SC Magazine and being awarded Third Most Innovative Network Security Company in The World at RSA® Conference 2007.
"We're pleased to have Tom Crowley joining our board, as we ramp up for our next phase of growth." said Gil M. Roeder, Chairman & CEO. "The past year has been very productive, and we are now preparing for an additional fundraising to support the next level of expansion. Our worldwide channels are growing rapidly and there is a strong demand for our product line by some of the best and brightest INFOSEC channel partners around the globe. Additional financing will allow us to fully support these partners, making sure they have the tools they need to win new business."
About NetClarity, Inc.
NetClarity is a leading provider of vulnerability management, intrusion prevention and network admission control (NAC) products that provide preemptive, proactive network protection. The company's Auditor line of appliances has received widespread recognition, including two Best Buy Awards, 5 Star ratings, and according to CRN is one of the Who's Who in NAC. Auditor enables customers to clearly see and better protect their network assets, identifying with pinpoint accuracy the root causes of data leakage, regulatory compliance gaps and network downtime using MITRE's CVE® standard. Based in Bedford, Massachusetts, NetClarity is privately held. For more information, visit http://www.netclarity.net/
About Ritchie Capital
Ritchie Capital is a diversified alternative asset management firm established in 1997 with interests in hedge funds, commodities, private equity, venture capital, insurance, energy and real estate and with offices in Lyle IL, New York, Bermuda and Menlo Park, CA. Through Ritchie Capital Ventures, the firm manages a portfolio of early and growth stage companies in the cleantech, life-science, information technology and digital media sectors, taking an active, long term interest in developing its portfolio companies into successful businesses. For more information, visit http://www.ritchiecapital.com/
NetClarity, Auditor and the NetClarity logo are trademarks of NetClarity, Inc. All other marks are trademarks of their respective companies.
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