Archive for the ‘Forensics’ Category


Solera Networks™ Closes $15M Series C Financing; Trident Capital Leads Investment

Monday, July 26th, 2010

Capital Propels Growth of Real-Time Network Forensics Business, Backed By Seasoned Security Investors

Las Vegas, NV (Black Hat 2010) — July 27, 2010 - Solera Networks, a leader in real-time network forensics and network monitoring, announced today that it has closed $15 million in Series C financing. New investor Trident Capital leads the round, joined by existing investors Allegis Capital and Canopy Ventures. Trident managing director J. Alberto Yépez will join Solera Networks’ Board of Directors. Solera Networks will use the capital to expand sales and marketing activities, accelerate product development, and fuel the company’s next stage of growth.

“It is Solera Networks’ mission to be the definitive leader in real-time network forensics and situational awareness,” said Steve Shillingford, president and CEO of Solera Networks. “Enterprise and government CISOs recognize that today’s cyber security threats require a new kind of defense — a full record of network traffic, instantly accessible and searchable. Trident Capital saw the opportunity to extend our leadership position, making this technology ubiquitous in the defense of critical infrastructures.”

Trident Capital has a strong track record of investing in and building successful security companies including AirTight Networks, Arxan, HyTrust, Neohapsis, Qualys, Sygate (acquired by Symantec – NASDAQ: SYMC), Tablus (acquired by EMC – NYSE: EMC), Thor Technologies (acquired by Oracle – NASDAQ: ORCL), Tricipher, and Voltage Security. Red Herring ranked Trident No. 26 out of 1,800 global venture firms. “Trident applies a sector-focused and thesis-driven security investment approach that focuses on pressing customer priorities, emerging security threats and regulatory compliance requirements,” said J. Alberto Yépez, Trident Capital managing director. “We are very impressed with Solera Networks’ proven management team, superior products, partner ecosystem and outstanding references from sophisticated customers in the intelligence community and commercial markets. Trident is delighted to partner with Solera Networks to establish the next generation network security platform.”

Solera Networks’ family of appliances capture, store, and index network traffic for a period of days, weeks, or longer, and have proven to be the highest performance appliances on the market. The Solera DeepSee™ suite of applications, included with each appliance, harnesses stored data to provide real-time and historical visibility to threats by reconstructing and visualizing events in full fidelity. Technology patented by Solera Networks is proving to be a critical defense against advanced threats targeting government and enterprise computer systems.

By developing cutting edge products and delivering on quality and performance, Solera Networks has attracted a strong group of partners and advocates for the advancement of network forensics. “Just like in the physical world, you need security cameras to have good security. Network forensics cuts the time to respond to an incident dramatically so that significant losses can be avoided,” said Kevin Mandia, president and CEO of Mandiant, and author of Incident Response and Computer Forensics. “We now recommend real-time network forensics to all of our clients as part of a strong security posture. The team at Solera Networks has built a great product that scales and performs beautifully. This is a product that everyone needs on their network.”

About Trident Capital

Trident Capital is one of the world’s leading venture capital and private equity firm with more than $1.8 billion of capital under management, including the recently closed Trident Capital Fund VII. The firm focuses on investments in Software and Information Technology-Enabled Services, Healthcare IT, Internet and CleanTech. Trident invests across multiple stages, including early and late stage venture capital as well as growth equity and buyouts. The firm has made over 160 investments since inception in 1993. Trident has investment offices in Palo Alto, CA and Westport, CT. For more information on Trident Capital, visit http://www.tridentcap.com.


Solera Networks and FireEye Partner to Provide In-depth Security Analytics for Proactive Cyber Attack Mitigation

Tuesday, July 20th, 2010

Integrated Network Forensics Solution Provides Incident Response and Situational Awareness Capabilities

SALT LAKE CITY and MILPITAS, Calif., July 20, 2010Solera Networks, a leading network forensics products and service company and FireEye, Inc., the leader in next-generation Malware Protection Systems (MPS), today announced a technology partnership to deliver an integrated solution to provide businesses with full visibility into cyber incidents before and after they occur. The powerful combination of FireEye’s Malware Protection System and Solera Networks’ network forensics platform integrate to deliver a single solution for capturing detailed analytics of cyber security attacks, including zero-day and advanced, persistent attacks to enable swift, intelligent response.

“FireEye is an industry leader in network security and malware protection and we are excited to combat the growing threat of cyber attacks with them,” said Peter Schlampp, Vice President of Marketing and Product Management at Solera Networks. “The combined solution provides customers with greater insight, enabling a more comprehensive incident response against zero-day, targeted attacks.”

Today’s cyber threats challenge enterprise and government networks at a new level of sophistication. Major incidents like Operation Aurora that targeted Google™ and other prominent organizations require dynamic malware protections, as offered by FireEye and in-depth, real-time network capture, as offered by Solera Networks to fully understand the context and impact of the attack. Solera Networks’ open architecture seamlessly integrates with FireEye’s threat prevention appliances. FireEye provides packet-level detail (PCAPs) of an attack alert while Solera Networks simultaneously provides full network capture and replay for administrators to understand the full contextual details of what happened before and after an incident was blocked. The Solera DS network forensics appliances record every packet at line rates up to 10Gbps on physical and virtual networks for full event reconstruction.

The partnership with Solera Networks and FireEye enables two key components: incident response and situational awareness. Customers can now leverage efficient incident response and analysis for any confirmed security event blocked by FireEye. Solera Networks appliances recreate and replay network traffic surrounding any zero-day, targeted attacks stopped by FireEye and provide full context of what happened before and after the event. This new insight gives IT departments the opportunity to further analyze related attack incidents and uncover the root cause of the network breach to mitigate any possible further risks. The added value of situational awareness provides customers with evidence and complete understanding of any cyber security incident that conventional intrusion prevention, web filtering and antivirus products have missed.

“Together with Solera Networks we are addressing cyber attacks, looking at both incident response and situational awareness. As a result, we provide our customers with a deeper understanding of the zero-day attacks before and after they occur, giving them more granularity on incidents,” said Ashar Aziz, founder and CEO of FireEye. “We are committed to fight the Modern Malware infection lifecycle, and partnering with Solera Networks enables us to take on a more aggressive approach.”

About FireEye, Inc.
FireEye, Inc. is the leader in malware protection systems and next generation network threat prevention solutions that safeguard valuable data and networks against Modern Malware infiltration and theft in commercial enterprises, higher education, and government institutions. The FireEye Malware Protection System is the industry’s first solution that completely breaks the Modern Malware infection lifecycle by stopping inbound, zero hour, targeted attacks, outbound data exfiltration callbacks, and dynamically inoculating networks from future attacks through both local and global intelligence. FireEye finds and blocks the 90% of Modern Malware attacks that conventional defenses miss, at network speeds and near-zero false positive rates, delivering an extremely low security TCO. FireEye is based in Milpitas, Calif. and is backed by Sequoia Capital, Norwest Venture Partners, JAFCO Ventures, DAG Ventures, Juniper Networks, and In-Q-Tel. Visit us at www.FireEye.com.


Red Herring Recognizes Solera Networks as Top 100 North America Tech Startup

Wednesday, June 30th, 2010

Company’s Network Forensics Innovations Stand out among Hundreds of Candidates

San Mateo, CA – June 30, 2010 – Red Herring announced that Solera Networks, a leading network forensics products and services company, has been selected as a winner of its Top 100 award for leading private startup companies in North America. This award recognizes the company’s strong growth in the field of network forensics driven by demand for the company’s innovation and technology for effective incident response to any network security event.

Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Solera Networks embodies the vision, drive and innovation that define a successful entrepreneurial venture. Solera Network should be proud of its accomplishment, as the competition was very strong.”

“This recognition from Red Herring is an honor, given their reputation of identifying startups that have become critical components of our business infrastructure,” said Peter Schlampp, VP of Marketing and Product Management at Solera Networks. “It is also a strong statement of our ability to build a great company – including technology, team, and execution – in the highly competitive network security market during an economic downturn. We’re thrilled with our progress and we’re having a great 2010.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria; such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers. This allows Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.


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.


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.


$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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