Security Innovation Obtains $7,100,000 Series A Financing Round
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Feed Type
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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
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Venture Investor
Brook Venture Partners -
Venture Investor
Undisclosed
