News
AlienVault Lands $8 Million Series B Funding Round Led By Trident Capital
February 2012 by Marc Jacob
AlienVault, creator of OSSIM, the de-facto standard open source SIEM (Security Information and Event Management) solution, announced today that it has closed an $8 million Series B financing led by new investor Trident Capital with participation from existing investors Adara Venture Partners and Neotec. The company has named Trident managing director J. Alberto Yepez Chairman of the Board. Trident principal Michael Biggee also joins the AlienVault Board of Directors. The funding will be used to accelerate research and development and aggressively expand sales and marketing to meet increasing demand for unified security management from around the world. AlienVault also recently announced the appointment of a new executive team, led by CEO Barmak Meftah and CTO Roger Thornton.
Trident Capital has an exceptional track record of building successful cyber security companies including: AirTight Networks, Arxan, BlueCat Networks, HyTrust, Neohapsis, Qualys, Solera Networks, Voltage Security, Sygate (acquired by Symantec – NASDAQ: SYMC), Tablus (acquired by EMC – NYSE: EMC), Thor Technologies (acquired by Oracle – NASDAQ: ORCL), and Tricipher (acquired by VMware – NYSE: VMW).
According to global investment banking and asset management firm William Blair & Co., the SIEM market is growing at 21.9% CAGR and on track to surpass $2.3 Billion by 2014.
