Palo Alto Networks Raises $27 Million in Financing
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[August 22, 2008]

Palo Alto Networks Raises $27 Million in Financing

(Wireless News Via Acquire Media NewsEdge)
Palo Alto Networks announced that it has secured $27 million in Series
C financing.

Lehman Brothers Venture Partners led the oversubscribed round, with
participation from existing investors Globespan Capital Partners,
Greylock Partners and Sequoia Capital.

The funds will be used to support the company's rapid growth by further
expanding sales, marketing and customer service initiatives, the
company said. The financing round follows a year of tremendous
momentum, in which Palo Alto delivered its PA-4000 firewall to market
and redefined how enterprises think about infrastructure security.

"We are extremely excited to have Lehman Brothers Venture Partners join
our team of distinguished investors," said Lane Bess, CEO, Palo Alto
Networks. "With this new financing we look forward to scaling the
company's operations and offering our innovative security solutions to
a rapidly expanding number of enterprise customers worldwide."



Palo Alto Networks enables visibility and policy control of
applications and content running on enterprise networks. Based on
App-ID application classification technology, the Palo Alto Networks
family of firewalls accurately identifies applications - regardless of
port, protocol, evasive tactic or even SSL encryption - at 10Gbps with
no performance degradation.

((Comments on this story may be sent to newsdesk@closeupmedia.com))



((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright ? 2008 Wireless News

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