New investment brings the total to $16 million for the security log consolidation and management company.
Addamark Technologies Inc., a security log consolidation and management company, has secured $9 million in a second round of funding. This round was led by Canaan Partners and brings Addamark's total investment to $16 million to date.
Security event-management applications, such as those developed by Arcsight, Computer Associates, e-Security, Intellitactics, IBM Tivoli, and Netforensics can collect and record millions of system and security events each day. As a result, businesses that need to store security-related information for long periods of time are faced with the challenge of storing and quickly retrieving the security-event information created by various E-business and security applications.
Addamark, founded in October 2000, offers Omnisight to make it easier to centrally store and analyze security event data to spot potential insider security problems, suspicious system activity, and hacker attacks that may occur over long stretches of time.
Pete Lindstrom, research director at Spire Security, says Omnisight can help in areas where security event managers often fail. While security event-management apps are good for real-time security-event correlation, few, if any, can scale to store the thousands of network and system events these systems can collect per second. "For forensics investigations, this [Omnisight] shows how valuable intrusion-detection system data can be in the long run," he says.
Addamark's first round of funding, for $7 million, came in July 2002 and was led by Sierra Ventures.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.