NitroSecurity Nets $6M, Buys LogMatrix Business

10/8/10

Portsmouth, NH-based NitroSecurity said today it has closed $6 million in Series B financing led by existing investors Brookline Venture Partners, First Analysis, and NewSpring Ventures. The cybersecurity and event management software company also said it has acquired the security business of LogMatrix, a Marlborough, MA-based company focused on IT and network management. Financial terms of the acquisition weren’t given. (LogMatrix customers include AT&T and the City of Seattle, the latter in partnership with the University of Washington and University of Michigan.) NitroSecurity was founded in 1999 and is led by CEO Ken Levine.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

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