Breach Announces $6M

Breach has received $6 million in Series B financing from two strategic investment firms

Dark Reading Staff, Dark Reading

May 30, 2006

2 Min Read

CARLSBAD, Calif. -- Breach Security, Inc., a leading provider of web application security technology that protects privileged information from targeted Internet attacks, today announced that the company has received $6 million in Series B financing from two strategic investment firms - Sid R. Bass Associates and Enterprise Partners Venture Capital.

Breach Security markets a suite of application security products for protecting corporate and government web applications. The company's flagship product, BreachGate WebDefend, is a non-intrusive web application firewall providing comprehensive protection against all techniques for breaking into web applications. WebDefend is the only web application firewall that can be deployed out-of-line and provide complete blocking protection. WebDefend's automated profiling technology provides the lowest possible cost of ownership for web application security.

"We see long-term value in securing business on the Internet and Breach's current offerings in web application security appliances lay the foundation for more secure and effective eCommerce," said Perse Faily, partner at Sid R. Bass Associates. "We are excited to be working with Marc Shinbrood and the Breach team to help build and grow Breach as the worldwide leader in the non-intrusive web application security market."

According to Marc Shinbrood, President and CEO of Breach Security, the new investment will be used to expand sales and marketing initiatives to accelerate the adoption of the Breach Security brand in the rapidly expanding web application security market. The new investment will also be used to augment the company's balance sheet to provide the flexibility to expand business operations or territories based on customer opportunities.

"Our unique non-intrusive web application security solution, BreachGate WebDefend, is gaining significant market traction and this new investment ensures that we can aggressively pursue all of the sales opportunities," said Shinbrood. "Our strong backing from Enterprise Partners and Evergreen Partners combined with new support from a very well-respected firm like Sid R. Bass Associates validates our vision and strategy. These investors believe in our company and, our solutions. They understand the business problem our products solve and they are helping us achieve our potential which makes for a powerful message to the market."

Breach Security Inc.

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Dark Reading Staff

Dark Reading

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