|February 8, 2006
Finjan Raises $10 Million in Investment Round
|Funding Designated to Accelerate Finjan’s Growth and Leadership within
the Proactive Web Security Market
|"San Jose, CA, USA, February 8, 2006 – Finjan Software, the global provider of best-of-breed proactive web security solutions for businesses and organizations, today announced that it has raised $10 million in an investment round led by HarbourVest Partners, with participation by current investors Benchmark Capital and Israel Seed Partners. The company will use the proceeds to accelerate growth and widen its penetration into additional geographical markets.
“The web security market is the highest growing security segment with a great impact on content security management as a whole"" said Rob Wadsworth, Managing Director of HarbourVest Partners. “Finjan has the proven expertise and best technology to proactively eliminate web-borne threats.”
This round of funding will help Finjan extend its sales and marketing infrastructure and bolster its leadership position in the web security space. Finjan will also continue to invest heavily in the ongoing enhancement of its product portfolio, as well as cutting?edge R&D initiatives.
“We are excited to add HarbourVest to our stellar roster of investors which includes Benchmark Capital, Israel Seed Partners, Bessemer, Microsoft and Cisco. We appreciate the confidence HarbourVest Partners has shown in our management team and the company’s positive business momentum,” said Asher Polani, President and CEO of Finjan.
Finjan’s web security solutions enable businesses and organizations to take full advantage of the web as a business tool, without security worries. The dramatic increase in web-borne threats - such as Spyware, Phishing, Viruses, Trojans, and other malicious code - expose businesses to identity theft, privacy liability issues and compromised intellectual property. Finjan offers a best-of-breed proactive web security solution which provides true zero-hour protection from new vulnerabilities and threats. Finjan’s patented behavior-based security and vulnerability patching technologies proactively repel all types of web-borne threats, securing businesses against unknown and emerging web threats. Finjan’s Vital Security™ Appliances and Vital Security™ SDK offering have received multiple industry awards and recognition, attesting to the unparalleled security delivered by Finjan’s robust and patented behavior-based technologies.
About HarbourVest Partners
HarbourVest Partners, LLC is a global private equity firm with offices in Boston, London, and Hong Kong. Throughout its more than 20 year history, HarbourVest has invested $2.5 billion into over 350 companies. HarbourVest focuses on growth equity investments in established, high-growth technology companies and leveraged buy-outs across the consumer, retail, industrial, and health care sectors. To learn more about HarbourVest visit www.harbourvest.com.
Finjan is a global provider of best-of-breed web security solutions for businesses and organizations. Our proactive, appliance-based solutions deliver the most effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan’s robust intellectual property portfolio includes dozens of granted and pending patents, while our renowned Malicious Code Research Center (MCRC) is a recognized leader in the detection of dangerous vulnerabilities that could be exploited by hackers for malicious attacks. Leveraging a worldwide network of distributors and system integrators, Finjan’s sales and field operations cover North America, EMEA and the Asia Pacific regions. Millions of enterprise users trust Finjan for unmatched proactive web security, including several Fortune 1000 companies and government entities. To learn more about Finjan, visit www.finjan.com.
Copyright © 1996-2006 Finjan Software, Inc., and/or its subsidiaries. All rights reserved.
Finjan, Finjan logo, Vital Security, 1Box, Internet 1Box, Documents 1Box, NG-1000, NG-5000, NG-8000, Vulnerability Anti.dote are trademarks or registered trademarks of Finjan Software, Inc., and/or its subsidiaries. All other registered and unregistered trademarks in this document are the sole property of their respective owners. The Finjan Software technology and/or products and/or software described and/or referenced to in this material are protected by registered and/or pending patents including U.S. Patents No. 6092194, 6154844, 6167520, 6480962, 6209103, 6298446, 6353892, 6804780, 6922693, 6944822, 6993662 and 6965968 and may be protected by other U.S. Patents, foreign patents, or pending applications.
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