Addamark Wins $9 Million In Additional Funding - InformationWeek
Business & Finance
10:54 AM

Addamark Wins $9 Million In Additional Funding

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.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To 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.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll