PRESS RELEASE
: November 17th, 2003
Voltage Security™ Completes
Series B Funding with Participation from Top-Tier
Venture Capital Firms
Palo
Alto, CA-November 17, 2003---Voltage Security, Inc.,
(www.voltage.com), provider of secure multi-channel business
communication solutions, today announced the completion
of an $11.6 million Series B round of funding. Menlo
Ventures signed on as the lead investor with full participation
from existing investors, Hummer Winblad Venture Partners
and Morgenthaler Ventures, and from additional strategic
investors. Mark Siegel, managing director of Menlo Ventures,
will join the Voltage Board of Directors.
“Voltage Security has all of the elements that mark
a superior investment. Voltage has delivered a security
platform that can be used by corporations and ISVs
as a foundation for secure business communication, and
they have delivered a set of products with dramatically
reduced cost-of-ownership when compared to alternatives.
In addition, Voltage benefits from a network-effect business
model; it is the kind of technology that easily migrates
between users and organizations,” said Mark Siegel,
managing director at Menlo Ventures.
“With the leadership of this world-class investment team, we are poised
to rapidly expand our position in providing secure business communication
solutions. We are engaged with world-class customers across the globe who are
looking forward to the breadth of applications we will be supporting in the future,” said
Sathvik Krishnamurthy, president and CEO of Voltage.
Other Voltage board members
include Ann Winblad, co-founding partner of Hummer Winblad Venture Partners;
Ken Gullicksen, partner, Morgenthaler Ventures; Srivats Sampath, founder and
former president and CEO of McAfee.com; Dr. Dan Boneh, professor of computer
science at Stanford University and co-founder of Voltage Security,
Inc.; and Sathvik Krishnamurthy, president and CEO of Voltage Security,
Inc.
About Menlo Ventures
Menlo Ventures provides long-term capital and management support to early-stage
and emerging-growth companies and is one of Silicon Valley's oldest venture
capital partnerships, having organized and managed nine venture funds since
its inception
in 1976. With over $2.7 billion under management, and a team with over
one hundred years of collective experience in technology, marketing, sales
and general management,
Menlo Ventures has the resources to support the most ambitious of projects.
About Voltage Security
Voltage Security, Inc. provides the market leading
Voltage Enterprise Privacy Management Platform™, a
breakthrough foundation for securing all forms of digital
business communication flowing into and outside an organization.
Based on a revolutionary breakthrough called IBE, or Identity-Based
Encryption, the Voltage Enterprise Privacy Management Platform
greatly simplifies the use and administration of traditional
security systems. Voltage Security markets its own enterprise
solutions including the Voltage SecureMail Gateway™,
Voltage SecureMail™ and secure mobile messaging solutions
for RIMs BlackBerry® and Microsoft Windows Mobile-based
Pocket PCs and Smartphones, and partners with other leading
companies such as CipherTrust, FrontBridge Technologies (a
Microsoft company) and Proofpoint to serve the expanded security
needs of the enterprise. Third-party and corporate developers
can secure customer applications with the Voltage IBE Toolkit™.
Voltage Security customers include leading corporations and
governmental agencies from around the globe including XL
Global Services, Waterfield Mortgage, QVC Japan and Hitachi.
###
Voltage SecurePolicy Suite, Voltage SecurePolicy Service,
Voltage SecureMail, Voltage SecureFile, and Voltage IBE
Developer Toolkit are
either trademarks or registered trademarks of Voltage
Security, Inc. All other product names and trademarks
are the property of their owner.
