Xconomy Boston

Security Innovation Obtains $7,100,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e955204a-5643-458e-8267-6c6d883ce4e1&Preview=1
Date
6/25/2008
Company Name
Security Innovation
Mailing Address
187 Ballardvale Street Wilmington, ME 01887
Company Description
Security Innovation is an authority on application security and leading independent provider of risk assessment, risk mitigation and education services to mid-size and Fortune 500 companies. Global technology vendors and enterprise IT organizations such as Microsoft, IBM, FedEx, ING, Symantec, Visa, Coca-Cola and GE rely on our expertise to understand the security risks in their software systems and facilitate the software and process change necessary to mitigate them.
Website
http://www.securityinnovation.com
Transaction Type
Venture Equity
Transaction Amount
$7,100,000
Transaction Round
Series A
Proceeds Purposes
Proceeds from this, the company’s first round of institutional funding, will be used to scale sales and marketing activities, and to further product development.
M&A Terms
Venture Investor
Brook Venture Partners
Venture Investor
Undisclosed