|
Motorola Makes Investment in Bluefire Security Technologies
BALTIMORE, Sept. 28 /PRNewswire/ -- Bluefire Security Technologies announced today that Motorola, Inc. , through its venture capital arm, Motorola Ventures, has made a strategic investment in the company. The company intends to use the proceeds from the financing to accelerate the development of its Mobile Firewall Plus suite of security applications. Financial details of the investment were not disclosed.
As more and more mobile device owners use their devices to connect to their home, office and Internet, they are becoming increasingly concerned that the data stored could be stolen or compromised. When installed on a device, Bluefire Mobile Firewall Plus offers a solid security foundation, including authentication (user password enforcement), encryption (of the data on the device) and an integrated mobile VPN and firewall, without consuming significant processor resources or memory on the device. This allows users to take full advantage of the device's computing power with the confidence that their applications and data are secure.
"Devices that transmit, process or store data in any way - applications, e-mail, file storage, messaging or contacts - have potential security considerations that should be addressed," said Warren Holtsberg, corporate vice president, Motorola Ventures. "We believe that Bluefire's comprehensive security for small devices could assist with our ongoing efforts to provide security on mobile, connected devices, without compromising computing power."
"We are excited to have Motorola as an investor in our company so that we can accelerate our development of security solutions for device users in the worldwide marketplace," said Mark Komisky, CEO of Bluefire Security. "Bluefire and our investors recognize the growing demand for security on wireless and handheld devices and will continue to deliver the type of quality, comprehensive security that meets the market's need."
With this latest strategic investment, Bluefire Security has raised over $20 million in equity financing since its inception in 2001.
About Motorola
Motorola, Inc. is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were US$27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. For more information: http://www.motorola.com/.
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, visit http://www.motorola.com/ventures.
About Bluefire Security Technologies
Bluefire Security Technologies solves today's handheld security problems and addresses tomorrow's wireless threats with centrally managed, multi- layered software. The company's flagship product, Bluefire Mobile Firewall Plus, is the industry's only fully integrated handheld security solution that protects lost and stolen devices, prevents attacks and unauthorized access, enforces security policies and monitors activity on devices. Recent industry accolades for the Bluefire solution include being named as a finalist in both the 2004 Software & Information Industry Association (SIIA) Codie Awards and the 2004 SC Magazine Awards for the "Best New Security Solution." For more information, visit http://www.bluefiresecurity.com/ or call 410-637-8160.
Bluefire Security Technologies
CONTACT: Leslie Tullio, FitzGerald Communications, +1-202-973-2973,ltullio@fitzgerald.com; or Jennifer Weyrauch, Motorola, Inc., +1-847-435-5320,Jennifer.Weyrauch@motorola.com
Web site: http://www.motorola.com/ventures/Web site: http://www.motorola.com/
Web site: http://www.bluefiresecurity.com/
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
