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ConSentry Closes New Funding, Adds To Senior Management Team

Company receives an additional $9.4 million in venture
MILPITAS, Calif.--(BUSINESS WIRE)-- Addressing the growing enterprise need for intelligent control of users and applications, ConSentry Networks today announced an additional $9.4 million in venture funding and a new management team. Accel Partners led the round and was joined by existing investors DAG Ventures, Invesco Private Capital, Northgate Capital, Translink Capital, and Vedanta Capital. ConSentry will use the funds to grow and support the channel for its LANShield(tm) intelligent control platforms and to expand its global marketing outreach. ConSentry also has added three new senior executives to its ranks: Rod Kay, executive vice president of marketing and sales; Robert Hon, executive vice president of engineering; and Derek Granath, vice president of marketing.

"In this tight economic environment, IT departments are looking for smart solutions that can help control their internal infrastructure and save money at the same time," said Joe Golden, CEO of ConSentry. "This focus on efficient control gives ConSentry a distinct advantage. Our LANShield platforms offer native Layer 7 intelligence powered by patented, programmable, wire-speed hardware. Our value proposition is clear: visibility into and control over every flow and every application on the network, lowering CAPEX with network-embedded control and lowering OPEX with radically simplified operations and lower support costs."

More than 200 customers around the globe rely on ConSentry for intelligent control. Announced customers include Town North Bank; Kuraray America; On Demand Group, a subsidiary of SeaChange International; food corporation Taco Bueno; Mercy Medical Center of Baltimore; global steelmaker POSCO; CCR Group, a subsidiary of Commerzbank; Dufferin-Peel, one of the largest and fastest-growing school boards in Ontario, Canada; and Pioneer Electronics.

New Senior Executives Drive Market Expansion

ConSentry's new senior management executives offer a wealth of experience delivering advanced switching technology to enterprise environments.

Rod Kay, executive vice president of sales and marketing, joins ConSentry from TeraChip, Inc., a leading provider of next-generation switch fabrics, where he was president and CEO. Previously, he held executive marketing and business development positions at Cisco, Ardent Communications (acquired by Cisco), XLNT Designs (acquired by Intel), and Ascom Timeplex. Kay holds a BS/BA in engineering and business from Utah State University and an MBA from the Harvard Business School.

New Executive Vice President of Engineering Rob Hon heads up ConSentry's product development efforts. Most recently, Hon was vice president of engineering at application performance management vendor Network Physics, Inc. (acquired by OpNet). Hon has also held management and R&D positions at Packeteer, Certive, Cadence Design Systems, Apple Computer, and other companies. Hon holds a BS in engineering and applied science from Yale University and an MS and a PhD in computer sciences from Carnegie-Mellon University.

Derek Granath has assumed the position of vice president of marketing at ConSentry. Granath's previous experience includes vice president of marketing at Woven Systems, vice president of marketing and business development at TeraChip, and senior marketing positions at Brocade Communications Systems, Cisco/Stratacom, and Octel Communications. He received a BSEE from Stanford University and an MBA from the University of Santa Clara.

About ConSentry Networks

The ConSentry Networks Intelligent Control architecture delivers native user and application control at the network edge. With this technology, ConSentry's award-winning LANShield product family enables IT managers to improve the visibility, control, and performance of users and applications and radically simplify LAN deployment and operations. More than 200 enterprises worldwide rely on ConSentry solutions for increased corporate security, comprehensive visibility, employee productivity, and cost-effective compliance.

ConSentry Networks, the ConSentry Networks logo, and LANShield are trademarks of ConSentry Networks Inc., for use in the United States and other countries. All other product and company names herein may be trademarks of their respective holders.

For more information, please visit www.consentry.com. Contacts

ConSentry Networks Michelle McLean, 408-956-2100 [email protected] or Engage PR for ConSentry Networks Stephanie Gallagher, 703-531-9771 [email protected]