LiveOak Venture Partners backs NSS Labs

NSS Labs has secured Series A funding from LiveOak Venture Partners. No financial terms were disclosed. Also, NSS Labs has named Venu Shamapant, general partner of LiveOak Venture Partners, to its board of directors. Based in Austin, Texas, NSS Labs is a provider of research and analysis of information security products.

PRESS RELEASE

AUSTIN, TX–(Marketwired – Dec 5, 2013) – NSS Labs, Inc., the leader in test-based research and analysis of information security products, announced today that it has raised Series A funding from LiveOak Venture Partners. The financing will support the company’s ongoing expansion and continued technology innovation as well as help the company further scale operations and support its rapidly growing customer base.
NSS Labs saw significant expansion in 2013 with over 100% bookings growth. “NSS has emerged as the clear leader in cyber security information services,” said Vikram Phatak, NSS Labs Chairman and CEO. “Businesses are seeking fact-based information and NSS is the only research analyst firm that is continually testing products to help clients better understand the IT security landscape.”
The company also announced the appointment of Venu Shamapant, General Partner of LiveOak Venture Partners to its Board of Directors. This follows other leadership additions earlier this year of Cathy Main, VP of Marketing; Carma Beedle, VP of Sales; and Jennifer Parker, CFO.
“NSS Labs has established itself as the industry leader for delivering comprehensive insights on IT security to equipment providers and enterprises,” said Venu Shamapant, General Partner, LiveOak Venture Partners. “We are excited to partner with them as they further consolidate their leadership position and grow their advisory offerings to help enterprises navigate an increasingly complex threat landscape.”
NSS Labs provides analyst research, unbiased product test results, and vulnerability analysis that enable organizations to make better IT decisions. Subscription services include analyst calls, access to NSS analyst research, test reports and toolkits, Threat Modeling of “What If” scenarios, and Threat Intelligence Feeds.
About NSS Labs, Inc.
NSS Labs, Inc. is the world’s leading information security research and advisory company. NSS is both an analyst firm specializing in security technologies and a testing laboratory widely recognized as the “go to” company for research and unbiased reporting. We deliver a unique mix of test-based research and expert analysis to provide our clients with the right information they need to make IT decisions. CIOs, CISOs, and information security professionals from many of the largest and most demanding enterprises rely on NSS. The company is located in Austin, Texas. For more information, visit www.nsslabs.com.
About LiveOak Venture Partners
LiveOak Venture Partners is an Austin-based, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo. While many of their investments begin at the seed stage, LiveOak is a full lifecycle investor focused on technology and technology-driven service companies primary based in Texas and the Southwest. For over a decade, the Founders of LiveOak have helped entrepreneurs create industry-leading companies, such as Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco Systems), LifeSize Technologies (acquired by Logitech) and Mavenir Systems (NYSE: MVNR). Visit liveoakvp.com for more information.

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