Virtualization Technology News and Information
Altor Networks Secures $6 Million Financing Round from Accel Partners and Foundation Capital
Altor Networks, pioneering a new class of virtual network security solutions, today announced it has secured a $6 million second round of financing led by Accel Partners and Foundation Capital. The funds will be used to accelerate the companys market expansion being fueled by early market demand for its Virtual Network Security Analyzer (VNSA) and Virtual Network Firewall (VNF).

According to Jon Crotty, IDC research analyst, security products and services, The proliferation of virtualization deployments worldwide is creating new traffic auditing, security best practices and regulatory compliance challenges. Consequently, there is a significant opportunity for a new class of security products, integrated tools and appliances, purpose-built for virtualized data centers, which can effectively address these emerging requirements.

Given the accelerating adoption of virtualization in production data centers, there is a significant market opportunity for a new class of security solutions that can deliver visibility and control over virtual network traffic, said Altor Networks Board Member Peter Wagner, general partner with Accel Partners. Were excited about our continued investment in Altor Networks, and enthusiastic about the initial customer feedback for Altors products. We expect strong demand for their Virtual Network Security Analyzer and Virtual Network Firewall to protect virtualization deployments worldwide.

Altors VNSA and VNF provide unprecedented visibility into virtual switch traffic and control over virtual machines (VMs) being deployed by enterprises, government agencies and organizations in regulated industries. Altors VNSA and VNF solutions enable network administrators and security professionals to apply security best practices for virtual networks and help companies meet increasingly stringent HIPAA, PCI and SOX regulatory compliance requirementsat a fraction of the cost of legacy security products.

Securing virtual machines is as important as the operational benefits many organizations are enjoying by virtualizing their data centers, said Altor Networks Board Member Ashmeet Sidana, general partner with Foundation Capital. We believe Altor Networks has a unique and highly differentiated approach to delivering security best practices for virtualized data centers which represents a huge global market opportunity.

This financing comes during a time of significant momentum for Altor Networks:

  • The company launched its first product, the VNSA on March 17, 2008
  • Announced the forthcoming availability of the industrys first Virtual Network Firewall slated for release in the summer of 2008
  • Named a winner of Info Security Products Guides 2008 Tomorrows Technology Today Award.
  • The companys VNSA has been deployed by leading customers such as Service Master and Nielsen Mobile, the worlds largest provider of syndicated consumer research to the telecom and mobile media markets

The success of virtualization has created a need for a new class of products that enable data center administrators to extend security best practices into their virtual environments, said Amir Ben-Efraim, CEO and founder of Altor Networks. Our virtual network security solutions are at the forefront of this new wave of products that significantly improve the security posture of virtualized data centers. At the same time they are helping our customers fully leverage their investment in virtualization and increase their operational efficiency in production environments.

Published Tuesday, April 22, 2008 6:34 PM by David Marshall
Filed under:
» Altor Networks Secures $6 Million Financing Round from Accel … - (Author's Link) - April 22, 2008 7:20 PM
To post a comment, you must be a registered user. Registration is free and easy! Sign up now!
<April 2008>