ForeScout Technologies Inc., a Cupertino, Calif.-based provider of network access control solutions, has raised $8 million in Series E funding. Return backers include Accel Partners, Amadeus Capital Partners, Meritech Capital Partners and Pintango Venture Capital. The company has now raised $44 million.
ForeScout Technologies, the leading provider of regulatory compliance solutions and clientless network access control (NAC) for Fortune 500 enterprises and government organizations, today announced it has completed an internal $8M fundraising round with all existing venture partners participating including Accel Partners, Amadeus Capital Partners, Meritech Capital Partners and Pitango Ventures. The company experienced a breakout year in 2007 with 80 percent growth, setting the stage for this further investment to fuel sustained compliance and NAC leadership.
According to T. Kent Elliott, ForeScout CEO: “ForeScout's success has kept our investor confidence high, believing in the proven potential of regulatory compliance and access control markets. While others have faltered, ForeScout has been able to consistently deliver industry leading technology to the most demanding enterprises and government organizations in the world. This combination of strong technology and focused go-to-market execution has allowed ForeScout to take market share from companies like Cisco and Microsoft gaining the trust of large enterprises that are under pressure to achieve regulatory compliance, like PCI DSS or HIPAA, and implement strong network access control.”
Richard Anton, Partner at Amadeus Capital and ForeScout board member adds, “ForeScout has been able to step into a market confused by many promises, but very few actual products and deliver real technology meeting the rigorous demands of leading global companies. We are pleased to continue our support of ForeScout and their success in delivering market leading technology.”
Network access control is being embraced as a best practice for leading IT security shops. What was once viewed as a technology built for dealing with network guest has expanded its scope to provide an easier way for IT security professionals to achieve regulatory compliance, gaining visibility into network operations and streamlining remediation for non-compliant systems.
ForeScout has diligently worked with leading companies to understand the needs of the global enterprise. With the recent introduction of CounterACT 6.3, ForeScout continues to meet and exceed these demands with extensions to its product line including the recently introduced PCI Kit, which provides 21 pre-configured policies and reports to help customers achieve the data control requirement for PCI compliance. This disciplined focus on meeting customer's needs keeps ForeScout ahead of the competition and a leader in innovative regulatory compliance and network access control solutions.
CounterACT is an out-of-band, clientless network access control appliance that delivers business-ready NAC by providing the ability to detect every device, interrogate the device for policy compliance, enforce network security policies and remediate non-compliant systems. This is accomplished without any form of network disruption. CounterACT provides complete pre- and post-connect access control policy enforcement ensuring devices remain fully compliant with network security policies. In addition, CounterACT'ss built-in intrusion prevention module ensures the network is always protected from malicious threats no matter where or how a device connects.
About ForeScout Technologies, Inc.
ForeScout specializes in network policy management for enterprises looking to secure their networks without needlessly punishing end users. The company's network appliances are in service in over 500 enterprises in 37 countries, with customers from Banking, Education, Energy, Financial Services, Healthcare, Manufacturing, Technology and Transportation. Its flagship product, CounterACT