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 IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
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