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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.

Posted in Forensics, Investment, Network Forensics, News, Solera | No Comments »

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, 2010 – Solera 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.

Posted in Cyber Security, DeepSee, Forensics, Network Forensics, News, Packet Capture, Partner, Partners, Solera | No Comments »

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.

Posted in Award, Forensics, Network Forensics, News, Solera | No Comments »

Solera Networks Arms Future Cyber Security Professionals

Wednesday, May 26th, 2010

Company donates award-winning network forensics appliances to cyber defense training programs

SALT LAKE CITY, UT – MAY 26, 2010 – Solera Networks, a leader in network forensics products and services today announced their “Donate and Defend” program to provide their award-winning network forensics technology to education institutions with dedicated cyber security training programs. Colleges, universities, and other training organizations may license the Solera DS Virtual Network Forensics Appliance free of charge to train professionals and fill the fast-growing demand for cyber security and network forensics experts.

“Today’s attackers are finding ways around traditional security protections and are penetrating even the most recognizable government agency and enterprise networks,” said Casey O’Brien, Director of CyberWatch, a consortium of 50+ colleges and universities devoted to information assurance and cyber security training. “A new, highly-skilled cyber defender is needed, one that can react quickly with the right set of skills and tools to identify previously unknown threats and to prevent ongoing exposure and risk. Solera Networks is a great example of a cutting-edge technology company that understands the need to support the development of the next generation of cyber warriors.”

Network forensics has become a key weapon in the cyber security arsenal of both military and enterprise security professionals, enabling rapid response to any security event. Acting like a camera in a bank, when a cyber attack occurs, network forensics solutions provide a complete record of all network activity to help determine the point of entry for the breach, what was affected, what data was compromised and the party that was responsible — even in real-time. Solera Networks supports cyber defense training exercises, such as the Collegiate Cyber Defense Competition (CCDC). The Donate and Defend program further extends that support to educate and train new network forensics professionals.

“Securing critical enterprise trade secrets and national security information requires swift, intelligent response,” said Steve Shillingford, President and CEO of Solera Networks. “Cyber attacks not only threaten our national interests, they also have a huge economic impact. We have to prepare and train future professionals in order to respond swiftly and appropriately as new threats emerge. We are happy to play a role in assisting with this education.”

Program Details:

Solera Networks will donate its Solera DS Virtual Network Forensics Appliance (a $10,000 value) to any education or training institution that offers dedicated network forensics curriculum and cyber security training courses. Solera DS forensics appliances and the Solera DeepSee Forensics Suite provide unique capabilities to better train cyber defenders, including:

  • Full recording and replay of all network activity – See every event that transpires on the network and replay events for ongoing “what if” analysis.
  • Integration with popular networking security tools – Provides context to other security tools, helping answer questions like: “What triggered this security alert?”, “What were the attackers doing before and after the alert?” and, “Were there previous instances of this same event?”
  • Easy deployment into any network environment – Virtual and physical deployment options allow for simple deployment, even in the most complex networks. Scalable storage options allow recording of days, weeks, or month’s worth of network activity.

Any educational institution interested in using these network forensics appliances may contact Solera Networks for program specifics. Visit www.soleranetworks.com/dnd for more details.

Posted in Cyber Security, Donate and Defend, In The News, Network Forensics, Solera | No Comments »

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 Names Former Omniture and Symantec Executive as Vice President of Engineering

Thursday, February 25th, 2010

Paul Kraus fills key leadership position to head rapidly growing engineering team

SALT LAKE CITY, UT — Feb. 25, 2010 – Solera Networks, a leader in the rapidly growing network forensics market, has appointed Paul Kraus as Vice President of Engineering. As part of Solera Networks’ continued growth, the company is adding this key executive position to support the development of comprehensive network forensics solutions that are in high demand across government and enterprise organizations with large complex networks.

In this new role, Kraus will report directly to CEO Steve Shillingford, and direct all engineering aspects of product development. Kraus brings nearly 20 years of experience in IT product engineering at global IT companies. Prior to joining Solera Networks, he led product engineering for Omniture Inc., an Adobe company and a leader in online business optimization software. At Omniture, Kraus was responsible for the company’s industry leading data analytics technologies, a strength that led to Omniture’s $1.8B sale to Adobe in 2009. Previously, he served as Senior Director of Engineering at Symantec Corporation, and was responsible for solidifying engineering process for the company’s flagship email and file system archiving product. Kraus has also led engineering teams at other global companies, including Veritas Software, Microsoft and Fidelity Investments.

“Adding Paul to our executive team is one of the ways we continue to expand so we can better meet the skyrocketing interest from government and enterprise customers,” Shillingford said. “Paul’s deep technical background and proven record of managing fast-growing engineering teams will be critical as we develop leading network forensic technologies. I can’t wait to see what he adds to our next gen products.”

In 2009, Solera Networks experienced unprecedented growth and is one of the most recommended and requested network forensics solutions by organizations demanding ultra-fast, scalable and reliable security for complex high-speed networks. The company continues to invest in its groundbreaking products that identify the full source and scope of a security incident to facilitate swift, intelligent incident response.

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Former Cisco Executive Scott Weiss Joins Solera Networks Board

Tuesday, September 1st, 2009

Industry veteran brings unique experience in addressing emerging needs in security

SALT LAKE CITY, UT — September 1, 2009 – Solera Networks, the leading provider of network forensics products and services, announced today the appointment of Scott Weiss to its board of directors. He recently left Cisco, where he was the Vice President and General Manager of the Security Technology Business Unit.

“While there are many interesting start-ups in the network security space today, Solera Networks’ technology is some of the most interesting I’ve seen in years and the management team has the strength and experience to make this company a huge winner,” said Weiss. “The opportunity to work with the team and provide guidance from my experience at Cisco and IronPort led me to join the board.”

Solera Networks will leverage Weiss’ proven experience in developing strong growth strategies for emerging companies. Weiss has served at many notable technology firms including Hotmail, EDS and idealab!. He was one of the early members of the Hotmail team, where he was responsible for all revenue generating business development activities and partnerships. Weiss stayed with the company after the acquisition by Microsoft and led the MSN business development unit. After leaving MSN, Weiss went on to pursue new opportunities at idealab!, where he met Scott Banister, and together the two developed the technology that eventually became IronPort.

As CEO of IronPort Systems, Weiss established the company as the leader in email security and directed the company through its successful acquisition by Cisco. After the acquisition, Weiss advanced quickly inside Cisco to lead Cisco’s Security Technology Business Unit, developing the vision and strategy for integrating reputation-based security into existing products.

“Solera Networks is similar to IronPort because it addresses a growing enterprise security need,” Weiss said. “Without network forensics, organizations are going to continue to bleed money with every new cyber attack. Each day that passes without knowing the full extent and scope of the incident, costs manpower, brand, trust and ultimately revenue.”

“Scott has a passion for the security industry and is a true technology entrepreneur,” said Steve Shillingford, CEO of Solera Networks. “His experiences will bring great value to our company. We are pleased to have him on board to provide guidance as we set the stage for our growth and success in the critical network forensics market.”

Weiss’ foundation in business is built on his education at Harvard Business School and his consulting background at McKinsey & Co.

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Solera Networks Japan Closes Sales Agreement with NVC Corporation

Monday, August 17th, 2009

Partnership will offer 10Gbps network forensics solution to key market

Tokyo Japan — August 17, 2009 – Solera Networks, the leading provider of high performance network
forensics products and services announced today that Network Value Components, Inc. (NVC), the leading network integrator in Japan and Solera Networks Japan, Inc. has signed a sales distribution agreement. Under the terms of the agreement, NVC will sell Solera Networks network forensics products along with its Deep Packet Inspection solutions in Japan.

With network threats ever increasing, it is inevitable that organizations will have to make new investments to better prepare for emerging threats and continuous changes in technology. There are many solutions that attempt to protect against every threat; however, there is no perfect answer.

Some organizations try to address this by locating a forensics solution that is protocol and system independent that provides lossless data capture and complete searching. However, until now the market has not delivered a forensics device that can meet the demands of today’s high-speed networks. Solera Networks delivers a real network forensics solution that can be implemented in any 10Gb network environment for complete capture, indexing, search and replay of any network event.

“Network Forensics is a fast growing market, as many security professionals now recognize that identifying the true scope of a breach results in swift remediation and mitigation of further risk,” said Steve Shillingford, CEO of Solera Networks. “We actively seek partnerships with organizations that understand the value of network forensics, can help educate the market, and are able to deliver real solutions. NVC is one of those partners.”

Susumu Watanabe, President of NVC also said, “We have many customers seeking high-speed network forensics solutions to get to the root cause of security events. Previously, we were unable to deliver a solution that met their demands for 10Gbps capture and easy access to network traffic, once captured. With Solera Networks, we now have that solution.”

“Solera Networks Japan has had success with many organizations that recognize the unique benefits of Solera Networks high-speed network forensics solutions,” said Fumiya Minagawa, President of Solera Networks Japan. “NVC is a recognized leader in delivering network solutions and this partnership will help accelerate future growth.”

About NVC

NVC has been the leading network integrator in Japan since the introduction of networking technologies. They provide complete networking solutions that include networking products, solution development, consultation, and total integration. They also offer complete support services for all stages of the customer’s networking projects using the most advanced technologies, extensive knowledge, innovative ideas, and detailed planning.

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Major U.S. Federal Agency Awards $1.8 Million Contract to Solera Networks

Friday, July 10th, 2009

Solera Networks’ network forensics solutions to bolster cyber security of critical U.S. government agency

SALT LAKE CITY, UT – July 10, 2009 – Solera Networks, the leading provider of high performance network forensics products and services, has been awarded a $1.8 million contract with a major U.S. federal agency critical to the nation’s security. The agency will use Solera Networks’ network forensics appliances as a key component of their cyber security arsenal to enable a rapid response in the event of a breach or attack. Similar to camera surveillance at a bank, Solera Networks helps its customers access a complete trail of evidence for analysis if a network breach occurs, providing the ability for the customer to promptly respond to any event.

“As we’ve seen with recent events in the news, these attacks are going to occur. Prevention is key, but it is critical to know how to respond when they happen. It’s great to work with an agency that understands that network forensics is an essential component of a comprehensive information security strategy,” said Steve Shillingford, CEO of Solera Networks. “Solera Networks was selected because it was the only vendor that could meet the demanding requirements of a large distributed government network.”

Solera Networks partnered with DLT Solutions, Inc., a value-added reseller of industry-leading IT products and services. Collectively, they have been engaged with the agency for several months going through a rigorous evaluation and selection process.

“As a premier value-added reseller, DLT Solutions recognizes the unique needs that government agencies face when it comes to network forensics,” said Brian Strosser, Vice President, Enterprise Data Management, DLT Solutions. “The agency now has a comprehensive network forensics solution able to identify the full scope of a network event and enable swift remediation.”

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Peter Schlampp Named as Vice President of Marketing and Product Management

Tuesday, July 7th, 2009

Former Cisco security executive fills key position in management team

SALT LAKE CITY, UT — July 7, 2009 – Solera Networks, the leading provider of network forensics products and services, has appointed Peter Schlampp as Vice President of Marketing and Product Management. As part of Solera Networks’ continued expansion, the company is adding key executive talent to support the growth of the network forensics business and position its market-leading solution.

In this new role, Schlampp will report directly to CEO Steve Shillingford, and direct all aspects of corporate and product marketing, as well as management of Solera Networks’ products and solutions. Schlampp brings a keen understanding of the network security and infrastructure industries with more than a decade of product development and marketing expertise in the enterprise, government and education markets. Prior to joining Solera Networks, he led product management for the most successful network security startup in the past decade at IronPort Systems. IronPort established the appliance-based enterprise anti-spam and anti-virus market and was purchased by Cisco in June 2007. At Cisco, he was promoted to General Manager of the Security Technology Business Unit (STBU) in India and was also responsible for global development centers in Ukraine, China and Costa Rica.

“With each new data breach, it is becoming increasingly apparent that network forensics is a critical component of a comprehensive information security strategy,” Shillingford said. “Pete’s years of experience and knowledge in addressing the challenges of enterprise security will help us continue to educate the market and drive awareness for Solera Networks’ groundbreaking products to identify the full scope of a security event and facilitate immediate incident response.”

“Many of the same dynamics I’ve seen previously in successful startups are in place for Solera Networks,” Schlampp said. “The executive team is solid and we’re attracting top talent. The technology has come of age and customers are realizing they need it desperately. This is going to be a very exciting ride.”

As part of the recently closed Series B round of financing, the company continues to expand to support growing demand for its products and solutions from global 2000 enterprises and large domestic and international government entities.

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Solera Networks Appoints Industry Veteran to Meet Growing Demand in Network Forensics

Tuesday, June 16th, 2009

Senior security executive from Cisco/IronPort continues expansion of sales organization and fills key position in management team

SALT LAKE CITY, UT — June 16, 2009 – Solera Networks, the leading provider of network forensics products and services, announced today that industry veteran Michael Cadle has been named Vice President of Sales. As part of Solera Networks’ recently closed Series B round of financing the company is adding key executive talent to support the growth of sales and increased customer demand. Cadle will be located in the Washington, D.C., office where his team will support enterprise, higher education and public utility markets, in addition to the Federal sales division.

Cadle brings more than 25 years of sales and marketing expertise in the network security and infrastructure industries. He delivers a wealth of knowledge of the public sector plus an impressive track record of sales success in the enterprise, education and health care markets. His leadership contributed to the successful outcome of three previous startup companies; most recently IronPort Systems and ArrowPoint Communications, both previously acquired by Cisco Systems, and Network-Alchemy, which was acquired by Nokia. Cadle will report directly to CEO Steve Shillingford.

“Enterprises realize that network forensics is an essential component of a comprehensive information assurance strategy, and Solera Networks’ products are uniquely capable of providing this solution in today’s network environment,” Shillingford said. “Michael has the perfect combination of executive sales experience, network security knowledge and leadership at wildly successful technology startups to help make Solera Networks a leading vendor in the network forensics market.”

In addition to its presence in Washington, D.C., Solera Networks has also moved into its new corporate headquarters to support overall company expansion. The new office space is four times the size of its former location and will host sales, marketing, R&D and finance operations. The company’s growing customer base includes Global 2000 enterprises and large domestic and international government entities.

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Winner of the 2009 Global Excellence in Network Security Solution Award

Tuesday, April 28th, 2009

Info Security Products Guide Names Solera Networks™ Winner of the 2009 Global Excellence in Network Security Solution Award

Solera Networks DS 5150 Gains the Highest Trust of Customers Worldwide

LONDON, ENGLAND (Infosecurity Europe) – April 28, 2009 – Solera Networks, a provider of innovative network forensics software solutions, announced today that Info Security Products Guide, the industry’s leading publication on security-related products and technologies, has named the Solera DS Series of network forensics appliances a winner of the 2009 Global Product Excellence in Network Security Solution Award. This award is an endorsement of the company’s network capture, index, search and regeneration technology – technology that can significantly reduce the time to resolution of a network security event.

The Solera DS Series of software-based network forensics appliances capture and record all network traffic across today’s fastest networks, up to 10 Gbps. They enable a complete historical record of all network traffic that can be searched, replayed and analyzed, giving IT professionals an accurate picture of network activity and performance after a security event occurs. Solera DS appliances can be deployed in either physical or virtual environments and also integrate seamlessly with existing network applications through available APIs.

“In an interconnected world threats have no boundaries and security has to remain a prime requirement,” says Rake Narang, editor-in-chief of Info Security Products Guide. “We are pleased to honor Solera Networks DS 5150 as a winner for 2009.”

“Info Security Products Guide’s recognition of Solera Networks DS 5150 further validates our commitment to providing standout network forensics solutions,” said Steve Shillingford, CEO of Solera Networks. “We are honored to receive Info Security Products Guide’s ‘customer trust’ distinction. Customer satisfaction has always been important to Solera Networks, and we’ll continue to view it as a critical component to our success.”

As an additional validation for the company and its solutions, Solera Networks recently announced additional venture funding of $7M led by Allegis Capital.

About Info Security Products Guide
Info Security Products Guide is a media sponsor of RSA Conference 2009 and Technosium Executive Alliance Forums engaging Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs). As a technology research and advisory publication, it plays a vital role in keeping decision makers and end-users informed of the choices they can make when it comes to protecting their digital resources. You will discover a wealth of information in this guide including tomorrow’s technology today, best deployment scenarios, people and technologies shaping info security and independent product evaluations that facilitate in making the most pertinent security decisions. The Info Security Products Guide awards recognize and honor excellence in all areas of information security. To learn more, visit www.infosecurityproductsguide.com and stay secured.

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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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Solera Networks is a Hot Company

Tuesday, March 31st, 2009

Network Forensics Leader Joins Network Products Guide’s Winners Circle for 2009; Need for Network Forensics Underscored by Conficker

LINDON, UT – March 31, 2009

Solera Networks, a provider of innovative network forensics software and search appliances, today announced that it has been named a 2009 Hot Company by Network Products Guide, a leading technology solutions publication. The company’s president and CEO Steve Shillingford presented last week at the awards ceremony and 2009 Technosium World Executive Alliance Summit in San Francisco to an audience of industry and end-user executives, including Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs).

Solera Networks stood out from among the pool of applicants – a group that included established, international players of all sizes and industries – in particular, because of its accomplishments in the burgeoning field of network forensics. Solera Networks’ innovative set of network capture, search and regeneration technology fill a conspicuous gap in the current security tools landscape by addressing the often-overlooked incident response element of information assurance. Additionally, the company’s experienced executives, strategic product positioning, and standout revenue growth helped to secure the award.

The need for network forensics has never been more urgent, given the increasingly insidious nature and frequency of threats. As the most recently publicized threat from GhostNet cyber espionage and the purveyors of Conficker demonstrate, despite our best efforts as an industry, there will always be instances where predetermination and prevention isn’t possible. In these cases, the focus must turn to incident response where network forensics is key. Determining the scope of the damage, followed by remediation and fortification is where network forensics and Solera Networks’ solutions are self-evidently crucial.

While most companies have a host of threat deterrents-including firewalls, anti-virus, IPS, SIEM, or DLP platforms—these tools can only protect against known threats, leaving systems and networks vulnerable to malware like Conficker, which had not been seen until recently. That is why these tools fail to report on a breach 96 percent of the time, according to research conducted by the 2008 Verizon Data Breach Investigations Report. The Solera Networks DS Series solutions help companies replay network traffic when an anomaly is detected and provide precise visibility into where and when a breach occurred and how it affected connected systems. Using the unique Negative Day Threat Detection™ capability, companies can go back in time, identify, remediate, and fortify the network more quickly and effectively; reducing the work by valuable IT resources and mitigating further risk and exposure. Only the Solera Networks DS Series solutions can capture and replay network traffic on today’s fastest physical and virtual networks.

“This award further solidifies Solera Networks’ distinction as a leading innovator in the emerging field of network forensics,” said Shillingford. “We are grateful for this recognition and look forward to helping organizations of all sizes improve their overall security posture with the effective use of this technology.”

For more about the Networks Products Guide’s 2009 Hot Company Winners, please visit: http://www.networkproductsguide.com/index.html.

About Technosium Executive Alliance Forums

Technosium Executive Alliance Forums are bringing industry vendors and end-users together through interactive meetings. Technosium has received support from associations and industry leaders including Association of Information Technology Professionals, Information Systems Security Association, Silicon Valley Communications, San Jose Mercury News – The Newspaper of Silicon Valley, Wi-Fi Alliance, Trusted Computing Group, Information Security Professionals Association, Network Products Guide, Personal Broadband Industry Association, Covenant, Wireless Communications Alliance, Technology Lawyer, and Stanford Graduate School of Business. For more details please visit www.technosium.com

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Solera Networks Joins NCOIC

Tuesday, December 16th, 2008

Solera Networks™ Heightens Awareness of Network Forensics Technology, Joins Network Centric Operations Industry Consortium

LINDON, UT — December 16, 2008 – Solera Networks, a provider of innovative network forensics software and search appliances, today announced that it has joined the Network Centric Operations Industry Consortium (NCOIC™). As part of the NCOIC’s hundred plus member global organization, Solera Networks will work to help raise industry and federal awareness about network forensics technology and the vital role it plays in maintaining cyber security. The company plans to help drive the Consortium’s open standards and recommendations, which accelerate and ensure secure, reliable interoperability of network-centric applications across a spectrum of joint interagency, intergovernmental, and multinational industrial and commercial operations.

Solera Networks’ expertise is well-suited for NCOIC’s cyber security projects. The company will take part to inform industry and government officials within the U.S. and worldwide about the capabilities of traffic capture, regeneration and search technology. It will also emphasize the important role this technology plays in accounting for and quelling network security breaches. Through its participation in such projects, the company also hopes to better understand various initiatives around cyber security and gain insight into the competitive global market landscape.

“We are extremely pleased to have Solera Networks join NCOIC,” said Terry Morgan, Executive Council Chair for NCOIC. “We’re looking forward to their participation in the consortium and incorporating the addition of their insight and expertise as we fold network forensics into our open standards and practices—before this emerging field of technology becomes a fixture in the commercial marketplace.”

Solera Networks’ adoption of open standards and common processes recommended by NCOIC also promises direct benefits for its partners and customers. Most notably, the company’s compliance with these standards and processes sets the stage for reduced administrative, upgrade and systems integration costs for the products it develops. It also improves partners’ and customers’ readiness and response during systems integration, and helps them to quickly introduce emerging, yet vital technology into operational capabilities.

“By actively participating in NCOIC, Solera Networks will continue to advocate the growing need for network forensics to support today’s cyber security initiatives,” said Steve Shillingford, CEO of Solera Networks. “In a world with evolving security threats, it’s important that we provide our customers with as much interoperability as possible. Such flexibility allows cyber security professionals to rapidly and more effectively respond to pervasive network attacks and stop the loss of data.”

For more information about NCOIC, visit: https://www.ncoic.org/home.

About Network Centric Operations Industry Consortium

The Network Centric Operations Industry Consortium (NCOIC) is a not-for-profit multinational corporation committed to integrating existing and emerging open standards into a common evolving global framework, employing a common set of principles and processes, to assist with rapid global deployment of network-centric applications. Established in 2004, NCOIC consists of representatives from defense companies, large-scale systems integrators, information technology providers, government agencies and academia working in concert with an advisory body composed of government officials, and other stakeholders.

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