Finjanâs internal investors, Benchmark Capital, Bessemer Venture Partners and Israel Seed Partners also participated in the round. This investment will help further the market share of Finjanâs suite of Day Zero defence and proactive behaviour-based content security solutions and continue to expand the companyâs global sales, marketing and R&D initiatives.
"Finjanâs family of proactive behaviour-based content security products has enjoyed a strong increase in market share year after year," says Shlomo Touboul, founder and CEO of Finjan Software, "and our greatest success has been with global enterprises protecting over 10,000 seats. The demand for Day Zero security is rapidly growing and our application-level behaviour analysis on the gateway becomes a standard requirement in organisations with over 10,000 connected users.
"We will use the proceeds to fuel further the growth we have achieved over the last 24 months and to scale up all company activities. This will allow us to provide better service to our customers and to serve additional Fortune 1000 companies and global organisations," he confirms.
In a recent IDC report entitled "Worldwide Secure Content Management Software 2004-2008 Forecast: March 2004 Forecast," author Brian Burke, research manager for Security Products identified several important industry trends. Some of these trends include: increased speed of infection causing the effectiveness of traditional signature-based antivirus solutions to suffer; heightened use and sophistication of malicious code and worms; and a shift in motive of virus writers from destroying data to identity theft. All of these trends points to a "growing need for more proactive security products and services," writes Burke.
For more information please contact:
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Sarah Bramley/Laura Slade
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