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Financial expert sees value in new security firms
By Rob Westervelt
Excerpt:
"It's not easy to start without showing what kind of value you're going to offer to prospective customers," Shostack said. "But certainly the funding seems to be out there."
Some vendors, such as Core Security and eiQnetworks, have announced additional VC funding. Brian Cleary, vice president of products and marketing at access governance vendor Aveksa, Inc., said his firm recently accepted $10 million in Series C round of financing. Cleary said that despite the current economic climate, Aveksa plans to expand operations with the funding, including hiring engineers and developers to boost research and development.
Source: Search Security
