Investors Seek Secure Track - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Investors Seek Secure Track

Sanctum gets $30 million in a second round of funding from backers that include Dell Computer, Fidelity Ventures, and First Union eVentures Group.

Betting that security software providers also provide secure investments, Dell Computer, Fidelity Ventures, and First Union eVentures Group are among the backers who have pumped $30 million into a second round of funding for Sanctum Inc., which makes security applications and Web-software monitoring tools.

Sanctum offers two core products: AppScan, which seeks out and test spots in Web apps for hacker vulnerability, and AppShield, a Web-application firewall that monitors behavior to ensure site visitors are complying with pre-established business rules. Both products are customized for key verticals at high risk for security breaches, including financial services and media.

Forrester Research predicts that spending on computer security will reach $19.7 billion by 2004, up from $5.7 billion today. But investors should also feel safe, says CEO Peggy Weigle, because by continuing an international expansion effort, Sanctum should be profitable by the second quarter of 2002.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
White Papers
Slideshows
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.
Sponsored Video
Flash Poll