SOURCE: Armorize Technologies

Armorize Technologies

June 16, 2009 12:21 ET

Armorize Technologies Secures Up-Round Series-B Financing

Investment Will Drive Worldwide Business Development

SANTA CLARA, CA--(Marketwire - June 16, 2009) - Leading Web application security provider Armorize Technologies has secured Up-Round Series-B financing. High profile investors include European Ambient Sound Investments (ASI), established by Skype's founding engineers; Pacific Rim-focused Birch Venture Capital; and Silicon Valley-based Armorize Series-A investors. The Series-B funds will drive business development efforts worldwide.

Investments Endorse Technology and Corporate Vision

The new funding validates Armorize's position as a strong technical leader in Web Application Security. Armorize is the pioneer in Web application source code analysis, and leads the market in malware identification and monitoring technologies offered via Software-as-a-Service. "We are delighted to see the confidence that our investors have displayed," said Armorize Founder and CEO Wayne Huang. "We are also very confident. The Web has brought a host of security concerns and Armorize provides a suite of advanced automated tools to combat them. This additional capital infusion at increased valuation represents a strong endorsement for our technology and vision."

"Armorize has a highly talented team of software security specialists who have developed a unique patented solution for source code vulnerability analysis," added Margus Uudam, ASI's Head of Private Equity Investments. "We believe their holistic approach to web-application security will give them a solid global market leader position."

Web 2.0 Drives Web Application Security Industry Growth

The funding also indicates the web application security sector's strength. With Web 2.0's growth, malicious parties are devising increasingly intricate means of exploiting corporate and personal information through vulnerable web applications. Industry has recognized this, and Armorize has built its product suite from the ground up to provide web application security across the entire SDLC.

Armorize Appsec Suite Delivers End-to-End Web Application Security

Armorize Appsec Suite™ integrates advanced source code analysis with Web Application Firewall (WAF) technology and real-time malware monitoring to protect enterprises from compromise through vulnerable web applications.

CodeSecure™ employs built-in parsers and advanced software verification algorithms to directly analyze and identify web application source code vulnerabilities throughout development. Delivered as a web-accessible appliance, CodeSecure™ is suitable for enterprise and SaaS deployments.

SmartWAF™ is a host-based Web Application Firewall which integrates with CodeSecure™ scan results for immediate vulnerability "hot-fix" mitigation.

HackAlert™ is a 24x7 website malware injection monitoring service. With around-the-clock scanning and alerting, HackAlert™ ensures subscriber websites remain malware-free.

Since launch, Armorize has seen rapidly ramping revenues and a growing global customer-base across Internet, Telecom, Government and Finance verticals.

About Armorize Technologies

Armorize Technologies is a software security company focused on web application security.

Integrating the award-winning CodeSecure™, HackAlert™ and SmartWAF™ platforms, Armorize Appsec Suite™ delivers end-to-end web application security.

The Armorize team has deep roots in web application security research, winning consecutive awards at the prestigious WWW Conferences. Subsequent recognition includes the Red Herring 100 award and being invited to Dow Jones VentureWire Technology Showcase 2008. Armorize is headquartered in Santa Clara, CA with its R&D center in Taiwan's Nankang Software Park.

Read more at http://www.techcrunch.com/2009/06/16/armorize-lands-more-funding-for-web-app-security-technology/

Contact Information