Viewfinity, the Waltham, Massachusetts-based IT security company, raised $8.5 million from VCs including Longworth Venture Partners, Giza Venture Capital and JK&B Capital. Specifics of the fundraising were not publicized.
Viewfinity Secures $8.5M in Series C Funding
Funds Secured Will Serve to Expand Sales and Marketing Presence and Product Footprint
WALTHAM, MA–(Sep 12, 2012) – Viewfinity (www.viewfinity.com), the innovator of privilege management solutions, today announced $8.5 million in C-round funding from Longworth Venture Partners, Giza Venture Capital and JK&B Capital. With this added capital, Viewfinity will expand its sales and marketing organization, increase its penetration in EMEA and further build its product offering.
“Viewfinity is led by some of the industry’s renowned business and technical experts,” said Thomas Neustaetter, JK&B Capital. “This additional funding underscores our confidence in this team’s ability to recognize business challenges and build innovative technology that helps companies resolve IT security issues. This distinct ability positions them as the true leaders allowing them to fully capitalize on this market.”
“Our 95 percent customer renewal rate, four consecutive years of triple-digit new customer acquisitions, major product releases and repeated market recognition reinforces the confidence our investors have in our ability to maintain the leadership position in this market,” said Leonid Shtilman, Viewfinity CEO. “With this new round of funding, Viewfinity is poised for continued growth and even greater success as we move further into the global marketplace.”
Viewfinity Privilege Management provides a method for securing IT environments through the elevation of privileges for applications or by reducing permissions for privileged users on specific applications and tasks in a least privilege environment. Elevated privilege policies can be implemented across an organization’s entire infrastructure from Windows-based endpoints, to servers, virtual machines, cloud/SaaS, and remote based-endpoints. With Viewfinity, systems are less at risk without sacrificing user productivity or increasing support call volume, offering a cost effective approach to providing secure and productive desktop computing environments.
About Longworth Venture Partners
Founded in 1999, Longworth invests in passionate entrepreneurs pursuing breakthrough ideas in emerging technology markets. With three funds under management, Longworth has a successful track record in taking companies from conception to category leadership in Systems & Infrastructure, Business & Consumer Internet and Digital Media. Longworth is based in Waltham, Massachusetts.
About Giza Venture Capital
Giza Venture Capital, established in 1992, is a pioneer investor in seed and early-stage technology companies. Giza currently manages four funds totaling about $500 million. Giza has investment professionals with a wealth of expertise and experience in Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet & Entertainment.
About JK&B Capital
JK&B Capital is a venture capital firm focused in the software, IT and communications markets with over $1.1 billion of capital under management. Founded in 1996, JK&B has built a track record of generating exceptional returns for investors by identifying and investing in companies with technologies which have been critical to the growth of the world’s information economy.
Viewfinity provides privilege management and application control for desktops, laptops and servers, empowering enterprises to meet compliance mandates, reduce security risks, and lower IT costs. The Viewfinity solution allows enterprises to control end user and privileged user rights for applications and systems which require elevated permissions. Viewfinity’s granular-level control enables companies to establish and enforce consistent policies for least privilege Windows-based environments based on segregation of duties. For more information, visit www.viewfinity.com.