Premier Venture Capital Firm, Institutional Venture Partners (IVP) Leads Financing Together with Comcast and Visa International
Tripwire, Inc., the Data Integrity Assurance Company, today announced that it has secured $9.3 million in growth capital through additional Series-C financing. The funding, led by premier venture capital firm Institutional Venture Partners (IVP), includes participation by two significant partners, Comcast Interactive Capital and Visa International, and existing investors, including Advanced Technology Ventures (ATV), Bessemer Venture Partners, ClearLight Partners, Deutsche Banc Alex. Brown and Garage Technology Ventures. This funding will support the company’s growing market leadership position and corporate goals for 2002 and beyond. In addition, Tripwire has been selected as a partner in Visa’s prestigious Global Strategic Alliance program.
“It is a tribute to the company’s accomplishments that, in this uncertain economic climate, one of the most respected and established venture capital firms, IVP, and prominent industry-leading companies Comcast and Visa International have chosen to lead this round of financing,” said W. Wyatt Starnes, CEO, President and Co-Founder of Tripwire, Inc. “We believe the extraordinary support of all our top-tier investors emphasises the global demand for data integrity assurance as a foundation for the security and availability of critical systems and networks.”
Tripwire, named as one of Computerworld’s Top 100 Emerging Companies to Watch for in 2002, will use this additional financing for working capital and general corporate purposes, including further funding of research and development projects as well as supporting and expanding sales and marketing programs. Tripwire’s award-winning products include Tripwire for Servers, Tripwire Manager and Tripwire for Routers & Switches.
IVP’s investment in Tripwire is evidence of the increasing importance of data integrity assurance in today’s demanding global business environment. “Our investment in Tripwire supports our focus on investing in high-growth, market-leading information technology companies in the United States,” said Steve Harrick, Managing Director at Institutional Venture Partners. “We believe that data integrity assurance will continue to be a critical success factor for businesses in 2002 and beyond, and are pleased to support Tripwire’s efforts in driving this growing market segment. Tripwire is essential for enterprises, allowing businesses to know which of their mission-critical systems they can trust.”
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About Tripwire Inc.
Tripwire Inc. is the Data Integrity Assurance Company. Tripwire software assures the integrity of data by establishing a baseline of data in its desired state, detecting and reporting any changes to the baseline, and ensuring rapid discovery and remediation when undesired change occurs. Tripwire is highly recommended as a Best Practice by many security advisory groups, and is featured in the NSA’s “60 Minute Security Guide.” Tripwire customers include Global 3000 companies, e-business corporations, and key public sector organisations such as Intuit, AT&T, Ernst & Young, and the U.S. House of Representatives. Tripwire is headquartered in Portland, Ore., with offices in Japan, France, Germany, and users in 92 countries around the world.
For more information about Tripwire, please visit the company Web site at http://www.tripwire.com
Tripwire is a registered trademark of Tripwire Inc.
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Sian Ford/Alex Murphy
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