Trident Sees 3.4x Return On Solera Exit

Blue Coat System’s acquisition of Solera Networks is the latest exit of a venture-backed security company, and a lucrative one, too. Allegis Capital, an early backer of Solera, expects a return of more than 10x on its first money. Trident Capital also is turning a tidy profit.

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Solera Acquisition Highlights Promise of Cybersecurity Investments

Blue Coat Systems’ purchase of Solera Networks is not only good news for Allegis Capital, but also a healthy reminder of the major opportunity in building technology-based defenses against successful cyber attacks, writes Bob Ackerman, Allegis Capital founder and peHub guest columnist.

Allegis To Raise Special Opportunities Fund

Allegis Capital has begun raising a special opportunities fund, according to a filing with the Securities and Exchange Commission. The firm did not offer a target size for Allegis Special Opportunities Fund or list which partners will be associated with it. The fund has not yet had a closing, the document states.


Valuations Rise, But Venture Investors Still Jazzed About Security

Private company valuations for security companies are up, but venture investors remain excited about putting to money to work. There is no secret why. Governments and corporations are under attack from cyber hacks, and IT budgets are being freed up for products and services to strengthened digital defenses.


Robert Ackerman: Venture Capital At A Tipping Point

Despite the protests from the Kauffman Foundation and others about its demise, venture capital is very much alive. Having just returned from a trip abroad to talk to numerous investors, I am sensing a true tipping point in attitudes toward venture and in the appetite for investing

AvaLAN Inks Over $700,000 in Series B

Alabama-based AvaLAN Wireless Systems, has raised over $700,000 in Series B financing led by the Huntsville Angel Network. AvaLAN is a growth-stage company developing secure industrial wireless technology. Further participation came from the Auburn Angel Network and private individual investors including Pete Bodine and Spencer Tall who are both managing directors at Allegis Capital in […]

PureWave Networks Inks $5M

Santa Clara, Calif.-based PureWave Networks Inc., maker of 4G wireless base stations, has raised $5 million in Series C financing. Investors in the round were not named. The company said it would use the financing for continued development and commercialization of its new line of small cell LTE base stations. The company has previously raised […]

Solera Raises $20M From Intel, Allegis, Signal Peak, Trident

Solera Networks said it raised $20 million in a Series D financing led by Intel Capital and joined by existing investors Allegis Capital, Signal Peak Ventures and Trident Capital. The Salt Lake City security company will use the money to expand global sales, marketing and product development efforts. PRESS RELEASE Solera Networks Raises $20 Million in Series […]

Symplified Seals $20M Series C

Ignition Partners led a $20 million Series C round for cloud identity technology company Symplified. As a result, Cameron Myhrvold of Ignition Partners has joined its board of directors. Existing investors Allegis Capital, Granite Ventures and Quest Software also participated in the financing, which brings the company’s total funding to $38.8 million.

Bob Ackerman: It’s Time for Government Investing in Research Again

The American economy is a mess. Growth has been stuck at a tortoise-like pace for years. The unemployment rate continues to hover at nine percent or higher. And faltering research and development threatens not only innovation, but our future. The good news is there’s a fix for this: The U.S. government simply needs to invest […]

Coraid Adds $50M in New Funding

Redwood City, Calif.-based Coraid Inc. has added $50 million in a new round led by Crosslink Capital. Existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake, as well as new investors Seagate Technology and Kinetic Ventures also contributed. Coraid is a developer of Ethernet SAN technology.

Axcient Gets $15.5m New Funding

California-based Axcient, a data backup, business continuity, and disaster recovery service to the Small and Mid-Sized Business (SMB) market, has raised US$15.5 million in new funding. The Series C round was led by Scale Venture Partners with previous investors Allegis Capital, Peninsula Ventures, and Thomvest Ventures participating, bringing the company’s total funding to date to US$33.5 million. Rory O’Driscoll, managing director, Scale Venture Partners, joins the board with this investment.

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