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News < Back Sarbanes Oxley : People : Security Information Leak Prevention Leader Takes The Next Step
PortAuthority reliably and accurately controls the unauthorized distribution of sensitive information, ensuring compliance with regulations like Gramm-Leach-Bliley, HIPAA and Sarbanes-Oxley. The solution stops leaks of confidential information by monitoring enterprise communications and delivering precise and granular policy enforcement in real time. PortAuthority has been deployed to prevent information leakage by institutions in the financial services, life sciences, technology and government sectors. Funding and Board of Directors The new funding by Greylock Partners and Sequoia Capital validates the emerging market opportunity for protecting unauthorized leakage of information in enterprises as well as PortAuthority Technologies? vision and technology leadership. Asheem Chandna from Greylock Partners and Shmil Levy from Sequoia Capital will be joining the company?s board of directors. ?We are very excited about PortAuthority Technologies? future and are looking forward to helping the company become the dominant leader in the emerging Information Leak Prevention market,? said Chandna, partner at Greylock Partners. ?Greylock and Sequoia conducted extensive technical and customer due diligence on the Information Leak Prevention product space and believe PortAuthority Technologies has the best-of-breed technology that enterprises require.? ?Enterprises are shifting their security focus to address the security risks originating inside the organization,? said Levy, partner at Sequoia Capital. ?What?s unique to PortAuthority Technologies is the ability to not just detect, but accurately prevent information leaks based on robust enterprise business policies. With their innovative intellectual property, PortAuthority Technologies is positioned to become the vendor of choice for this high-growth segment.? Executive Appointments A seasoned enterprise and security software entrepreneur, Pete Foley joins PortAuthority Technologies as president and CEO. Foley is the chairman of the board at Infoblox and recently served as chief executive officer of Infoblox, a successful security start-up backed by Sequoia Capital and Lehman Brothers. Foley will also serve on PortAuthority Technologies? board of directors. ?PortAuthority Technologies has a tremendous opportunity to address a significant enterprise challenge ? unauthorized disclosure of sensitive information ? and lead the high-growth Information Leak Prevention market,? explained Foley. ?With a track record of pioneering innovative solutions, a tremendous team, and an experienced board of directors, I am excited to join PortAuthority Technologies and lead the growth of the company.? PortAuthority Technologies also announced the following additions to the executive team: • Raj Dhingra as vice president of marketing and business development. Dhingra was formerly senior vice president of marketing for McAfee (NYSE: MFE), where he led the McAfee IntruShield family of network IDS/IPS products, acquired from IntruVert Networks, to become the #1 worldwide market share leader. He brings more than 15 years of marketing, business development and general management experience to PortAuthority Technologies. • Dan Phelan as vice president of sales. Phelan brings over 15 years of networking and security experience to PortAuthority Technologies. He was most recently at RSA Security (NASDAQ: RSAS), a leading provider of cryptographic and security solutions. While at RSA, Phelan held various leadership and management positions in both enterprise and OEM sales where he contributed to the growth of the company from $84 million to more than $300 million in revenue. Protecting sensitive information from unauthorized disclosure has become a critical concern for enterprises worldwide. With this round of funding, the additions to the executive team, and the new appointments to the board of directors, PortAuthority Technologies is poised for success in the Information Leak Prevention market. PortAuthority Technologies helps enterprises avoid information leaks by both detecting any sensitive information in transit across enterprise communication channels and enforcing corporate policies in real-time. PortAuthority Technologies, the leader in Information Leak Prevention, develops security software that reliably and accurately controls the unauthorized distribution of sensitive information. PortAuthority Technologies helps ensure compliance with regulations like Gramm-Leach-Bliley, HIPAA, CA CC1798, PIPEDA and Sarbanes-Oxley by closing the gap between employee behavior and corporate policies. PortAuthority stops leaks of private and confidential information by monitoring outbound enterprise communication and delivering effective policy enforcement in real time. PortAuthority Technologies is a privately-held company with funding from Greylock Partners, Lexington Ventures, and Sequoia Capital. For more information on PortAuthority Technologies, please visit www.portauthoritytech.com. Founded in 1965, Greylock Partners is one of the world?s leading early-stage venture capital firms. Over the past 40 years, Greylock has funded and helped build several hundred successful companies in the US, Israel and Europe. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an ?invited guest? in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, Continental Cable, DoubleClick, Internet Security Systems, Legato, Millenium Pharmaceuticals, Phone.com (now OpenWave), Tellabs, Trilogy, Red Hat and Sungard. Greylock?s offices are located in the Boston area, in Silicon Valley and in Israel. For more information, visit www.greylock.com. Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the ?Entrepreneurs Behind the Entrepreneurs?, Sequoia Capital?s Partners have worked with innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang and David Filo of Yahoo!, Gaurav Garg of Redback Networks, Larry Page and Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of Cypress Semiconductor, Lou Tomasetta of Vitesse Semiconductor, Steve Jobs of Apple Computer and Larry Ellison of Oracle. The companies organized by Sequoia Capital now account for about 10% of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com. 
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