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Viewfinity Secures $8.5M in Series C Funding
WALTHAM, MA, Sep 12, 2012 (MARKETWIRE via COMTEX) --
Viewfinity (www.viewfinity.com), the innovator of privilege
management solutions, today announced $8.5 million in C-round funding
from Longworth Venture Partners, Giza Venture Capital and JK&B
Capital. With this added capital, Viewfinity will expand its sales
and marketing organization, increase its penetration in EMEA and
further build its product offering.
"Viewfinity is led by some of the industry's renowned business and
technical experts," said Thomas Neustaetter, JK&B Capital. "This
additional funding underscores our confidence in this team's ability
to recognize business challenges and build innovative technology that
helps companies resolve IT security issues. This distinct ability
positions them as the true leaders allowing them to fully capitalize
on this market."
"Our 95 percent customer renewal rate, four consecutive years of
triple-digit new customer acquisitions, major product releases and
repeated market recognition reinforces the confidence our investors
have in our ability to maintain the leadership position in this
market," said Leonid Shtilman, Viewfinity CEO. "With this new round
of funding, Viewfinity is poised for continued growth and even
greater success as we move further into the global marketplace."
Viewfinity Privilege Management provides a method for securing IT
environments through the elevation of privileges for applications or
by reducing permissions for privileged users on specific applications
and tasks in a least privilege environment. Elevated privilege
policies can be implemented across an organization's entire
infrastructure from Windows-based endpoints, to servers, virtual
machines, cloud/SaaS, and remote based-endpoints. With Viewfinity,
systems are less at risk without sacrificing user productivity or
increasing support call volume, offering a cost effective approach to
providing secure and productive desktop computing environments.
About Longworth Venture Partners
Founded in 1999, Longworth invests in passionate entrepreneurs
pursuing breakthrough ideas in emerging technology markets. With
three funds under management, Longworth has a successful track record
in taking companies from conception to category leadership in Systems
& Infrastructure, Business & Consumer Internet and Digital Media.
Longworth is based in Waltham, Massachusetts.
About Giza Venture Capital
Giza Venture Capital, established in 1992, is a pioneer investor in
seed and early-stage technology companies. Giza currently manages
four funds totaling about $500 million. Giza has investment
professionals with a wealth of expertise and experience in
Communications, Semiconductors, Information Technology, Enterprise
Software, Life Sciences, CleanTech, Media, Internet & Entertainment.
About JK&B Capital
JK&B Capital is a venture capital firm focused in the software, IT
and communications markets with over $1.1 billion of capital under
management. Founded in 1996, JK&B has built a track record of
generating exceptional returns for investors by identifying and
investing in companies with technologies which have been critical to
the growth of the world's information economy.
About Viewfinity
Viewfinity provides privilege management and application control for
desktops, laptops and servers, empowering enterprises to meet
compliance mandates, reduce security risks, and lower IT costs. The
Viewfinity solution allows enterprises to control end user and
privileged user rights for applications and systems which require
elevated permissions. Viewfinity's granular-level control enables
companies to establish and enforce consistent policies for least
privilege Windows-based environments based on segregation of duties.
For more information, visit www.viewfinity.com.
Additional Resources
Twitter: @viewfinity (http://twitter.com/viewfinity)
Tools: Free Local Admin tool for discovery of "Administrator" user
accounts and groups in your Windows domain:
https://www.viewfinity.com/Resources/Discover_Desktops.aspx
Blog: http://www.viewfinity.com/Blog/
White Paper Library:
https://www.viewfinity.com/Resources/White-Papers.aspx
Tags: Viewfinity, Removing Admin Rights, PC Lockdown, Privilege
Management, Windows 7 Migration, Removing Administrator Rights,
Managing Locked Down Endpoints, Principle of Least Privileges
Contact:
Dan Chmielewski
Madison Alexander PR
714-832-8716
949-231-2965
Email Contact
SOURCE: Viewfinity
http://www2.marketwire.com/mw/emailprcntct id=C32169745F363A12
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