Archive for the ‘Forensics’ Category

CEO to Speak at 2010 Montgomery Technology Conference

Tuesday, March 9th, 2010

Solera Networks CEO, Steve Shillingford, to discuss cyber security issues to venture capital investors and corporate industry executives at invitation-only event

SALT LAKE CITY, UT — March 9, 2010 – Steve Shillingford, the President & CEO of network forensics market innovator Solera Networks, has been invited to present on cyber security trends and the company’s success at one of the premier technology conferences in the country. The Montgomery Technology Conference brings together more than 800 senior-level private equity and venture capital investors and corporate industry executives for feature presentations from 150 of the finest emerging growth private companies in the internet, wireless, information technology, communications and related media and technology sectors.

Network forensics continues to attract strong interest from enterprise and government network security professionals, as well as within the investment community. As one of the fastest areas of growth within network security, organizations are quickly realizing that prevention alone is not sufficient to defend against the latest security threats.

“Solera Networks has seen exceptional growth in the past 12 months. Increasing numbers of enterprise and government entities consider network forensics a necessity in today’s security environment,” said Steve Shillingford, CEO of Solera Networks. “It’s an honor and validation for both Solera Networks and the network forensics industry as a whole to receive an invitation to present at 2010 Montgomery Technology Conference.”

Acting like a camera in a bank, Solera Networks’ network forensics solutions provide a complete record, including payloads, of all network activity to enable rapid detection of the source and scope of any network security event. Customers leverage this capability for more efficient incident response and historical threat detection, shortening the cycle of event correlation by orders of magnitude.

Solera Networks achieved unprecedented growth and released its 4.0 SoleraOS in 2009. The company has rapidly become one of the most recommended and requested network forensics solutions by organizations demanding scalabilty and performance, coupled with ultra-fast search capacity for the most complex high-speed networks.

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Solera Networks Posts Record Customer Adoption Capped by Release of Solera OS 4.0

Tuesday, December 8th, 2009

Unmatched technology leads to more than double bookings, focus in government and enterprise market

SALT LAKE CITY, UT — December 8, 2009 – Solera Networks, a leader in the rapidly growing network forensics market, has achieved unprecedented growth in 2009 and released a significant upgrade to its award-winning platform. Solera Networks has rapidly become one of the most recommended and requested network forensics solutions by organizations demanding high-performing, scalable and reliable security for complex high-speed networks. The company will more than double its bookings in 2009 and will continue to invest in 2010 to meet the growing demand from government and enterprise customers.

Network forensics is quickly gaining interest from enterprise and government network security professionals who realize that prevention alone is not sufficient to defend against the latest security threats. Preparation for swift incident response is key.

“The sophistication and complexity of targeted attacks have increased the need for capabilities to replay and investigate potentially malicious network traffic,” said John Pescatore, Gartner VP. “This allows enterprises to both more quickly react to suspected events and to proactively tune network security platforms to prevent future attacks.”

To help security professionals actively identify the full source, context and scope of a security incident within any network, Solera Networks has unveiled Solera OS 4.0, the latest version of its flagship product that provides comprehensive active network forensics solutions for instant response when a security incident occurs.

“When we talk with our customer base and prospects, it is clear that other vendors are unable to address the needs of complex high-speed networks in an all-in-one, consolidated solution,” said Steve Shillingford, CEO of Solera Networks. “Networks aren’t slowing down anytime soon. Organizations are realizing that they can only analyze what they can see, index and store. The Solera OS 4.0 network forensics platform is like a 24-hour surveillance camera on your network, recording and cataloging every event, even on today’s ultra-fast 10Gb networks. It allows customers to search all the traffic and identify the source, cause and extent of any network security breach.”

With networks increasing in size and speed, the ability to record all network traffic in real-time and at high speeds is essential for effective incident response today, and into the future. Version 4.0 of Solera OS not only improves the platform’s record-setting performance, but also includes Solera DeepSee Forensics Suite™, which indexes all captured network traffic, delivers detailed interactive reports and allows intuitive navigation for easy search and discovery. This complete historical record of all traffic, even on the fastest networks, enables security professionals to move from complex ‘incident response’ to ‘instant response’ for any security event, thus mitigating future risk. Most recently, the platform’s performance was put to the test at SC09, where Solera Networks was exclusively asked to test their product using real traffic at speeds reaching sustained bursts of 9 Gbps.

In addition to solid sales growth in the past year, Solera Networks is partnering with multiple security industry leaders, Solera Networks recently announced that the company’s network forensics appliances will integrate with ArcSight’s enterprise threat and risk monitoring solutions.

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$7M in New Funding to Grow Network Forensics Business

Wednesday, April 15th, 2009

Solera Networks™ Secures $7M in New Funding to Grow Network Forensics Business, Allegis Capital Leads Round and Joins Board

New funding validates company’s objective of providing the missing link to a complete information assurance strategy.

LINDON, UT – April 15, 2009 – Solera Networks, a provider of innovative network forensics software solutions, today announced it has raised an additional $7 million in Series B venture funding, led by new investor Allegis Capital. Solera Networks’ existing investor, Canopy Ventures, is also participating in the round.

Proceeds from the funding will be used to accelerate growth in sales and marketing activities, including opening the company’s new office in Washington, DC and expansion of its Japanese operations.

Solera Networks president and CEO, Steve Shillingford said, “We’ve always believed that today’s information assurance strategies are missing a fundamental component – the ability to go back in time to quickly find the source of a breach, remediate the failure, and fortify the network. We see this funding as validation for the need to shift toward planning for these inevitable failures by investing in network forensics solutions like those from Solera Networks.”

Solera Networks has made significant advancements in high-speed network forensics solutions for both virtual and physical networks, including technology to capture, index, search, and replay all network traffic. The company’s solutions are unmatched in speed and scalability and have been previously demonstrated at Supercomputing ‘08 in a real-world testing lab involving live network traffic. Additionally, Solera Networks has certified its performance with Meircom and in numerous live customer deployments.

“We can expect to see more aggressive attacks targeting vulnerabilities that have been recently classified, but for which a remedy is still under development,” said Nick Selby, Vice President and Research Director of the Enterprise Security Practice at industry analyst firm The 451 Group. “Network forensics technologies, like those from Solera Networks, can replay past network events in full fidelity and help identify the scope of the exploit. Swift identification leads to protection against further exposure.” Solera Networks will showcase its latest solution at RSA in San Francisco, April 20-23.

“We are very pleased to join Allegis Capital in this second round of financing for Solera Networks,” said Ron Heinz, Managing Director of Canopy Ventures. “Solera Networks has combined a strong management team with excellent technology in the exciting growth market of network forensics. We believe their opportunity to serve customers in global markets is very compelling.”
“Despite best efforts to protect information assets, there will always be instances where predetermination and prevention isn’t possible,” said Spencer Tall, managing director of Allegis Capital. “Organizations must shift their focus to incident response, supported by comprehensive network forensics. Determining the scope of an event is key, followed by remediation and fortification. This is where Solera Networks’ open architecture, support for any network, and easy-to-use forensic applications fill the gap in today’s network security platforms. It’s a very exciting market opportunity.”

Spencer Tall and Robert Ackerman, managing director and Co-Founder from Allegis Capital, will join the Solera Networks Board of Directors.

Solera Networks’ growing customer base includes small businesses up to global 2000 enterprise and government entities.

About Allegis Capital
Allegis is a seed and early stage venture capital firm focused on the digital economy. The venture firm has five funds and invested in more than 70 companies including Ironport Systems, RIBBIT, LGC Wireless, SandPiper – Digital Island, Rent.com, Shopzilla, Comparnet and StepUp Commerce. Based in Palo Alto, California, Allegis has assets under management of $500M. For more information, visit www.allegiscapital.com.

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