SOURCE: Reflex Security, Inc.

October 13, 2006 08:30 ET

Reflex Security Secures $12 Million in Series B Funding

Funding Follows News of Company's Innovative "IPS Everywhere" Program and Shipping of Industry's First 10Gig Intrusion Prevention System

ATLANTA, GA and NEW YORK, NY -- (MARKET WIRE) -- October 13, 2006 -- Reflex Security (www.reflexsecurity.com), innovator in intrusion prevention systems (IPS), announced today that it has closed a $12 million Series B financing round to amplify Reflex Security's sales and marketing efforts, and provide the resources needed to aggressively pursue new market opportunities and product innovations.

This news follows the company's announcement last week of IPS Everywhere™, a major initiative to deploy accurate and high-performance IPS systems in security-impelled enterprises. See the news of Reflex Security Launches IPS Everywhere at http://www.reflexsecurity.com/news/IPSEverywhere.php

Reflex Security is a superior security vendor through its pure-play dedication to IPS solutions, patented technologies, and first-to-market innovations including the only IPS system for virtualized networks, and the industry's first Multi-Gig IPS system on a blade. See last week's announcement: Reflex Security First to Ship 10Gig IPS Solution at http://www.reflexsecurity.com/news/10Gig.php

A July-2006 Gartner Dataquest report forecasts the IPS market will grow to $2.4 billion worldwide by 2010.

With $19 million total invested capital to date, Reflex Security's new Series B offering was led by Spencer Trask Ventures, Inc., a New York-based venture capital firm and also included an investment by RFT Investment Company, LLC, a private investment fund based in Atlanta.

"Through its award-winning solutions and sales momentum, Reflex Security is well-positioned to capture a significant share of the enterprise IPS market," said Sam Vail of Spencer Trask Ventures.

"Reflex's 'IPS Everywhere' is a compelling vision for business success," said Don Carson of RFT Investment.

"As access to information and valuable digital assets becomes ubiquitous, ensuring uninterrupted network connectivity and protection from external and internal security threats is imperative to today's enterprises," said Jim Watson, CEO of Reflex Security. "With this capital infusion, Reflex Security will introduce new best-of-breed security solutions, and grow our domestic and international sales."

About Spencer Trask Ventures

Spencer Trask Ventures is a leading venture capital firm discovering ideas for the 21st century. With a network of co-investors and business leaders, Spencer Trask Ventures provides entrepreneurs with financial and intellectual capital to transform bright ideas into world-changing companies. Headquartered in New York City, Spencer Trask Ventures invests in early stage and emerging growth companies in the communications, information technology and life sciences fields. For more information, please visit http://www.spencertrask.com/

About Reflex Security, Inc.

Reflex Security, Inc., a pioneer in network intrusion prevention delivers real-time network security through its innovative products and IPS Everywhere™ approach to enterprise-wide security. By unifying discovery, deep-packet inspection and a comprehensive prevention engine, Reflex Security accurately blocks internal and external security threats to prevent today's most serious network attacks. SC Magazine recently named Reflex Security the top performer in its 2006 Group Test of IPS vendors, awarding its coveted "Best Buy" honor. Adaptable, reliable and easy to use, Reflex Security simplifies enterprise security for business networks and virtualized networks of all sizes. For more information visit http://www.reflexsecurity.com, call 888-872-7555, or contact any authorized channel partner.

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Contact Information

  • Contact:

    Samuel V. Vail
    Spencer Trask Ventures
    Email Contact
    212-326-9220

    Patrick Rafter
    PR for Reflex Security
    Email Contact
    617-901-2697