Finance Articles

Blue Ridge Networks Receives Strategic Investment From North Atlantic Capital

Chantilly, VA (PRWEB) April 10, 2008 -- Blue Ridge Networks, a leading provider of high assurance security solutions to business and government, today announced that it has received new funding from North Atlantic Capital, a venture firm specializing in expansion-stage, technology-based companies. The funding is targeted to further expand an endpoint security solution that is built on Windows Server 2008 platform and complements Microsoft's Network Access Protection technology. Terms and amount of the funding were undisclosed.

Mark Morrissette, Managing Director of North Atlantic Capital, stated that 'We were very impressed with Blue Ridge Networks' plug-in solution that allows the enterprise to easily extend Microsoft's Network Access Protection to secure mobile endpoints. In addition, "this is a company with an outstanding reputation for successful deployments into some of the most secure, commercially-demanding environments in the world that are driven by mandates such as HIPAA and PCI compliance."

Mike Fumai, CEO of Blue Ridge Networks, emphasized that 'we are pleased to have such a strategic investment partner as North Atlantic Capital. Together, we are very optimistic about our products, increasing customer acquisition and the overall opportunities for 2008, especially considering the introduction of new technology capabilities that the marketplace has been demanding.'

The Blue Ridge/Secure EdgeGuard technology is being demonstrated at the RSA Conference 2008 in San Francisco this week at the RSA-NAP Partner Pavilion, #951. The EdgeGuard solution extends NAP client health checks to include Red List (execution forbidden processes), Green List (execution required processes), registry checking, custom posture assessment scripts and a 'panic button' that excludes all enterprise network access. Blue Ridge/Secure EdgeGuard also provides policy enforcement, quarantine, and remediation for off-enterprise clients. Blue Ridge Solutions (http://www.blueridgenetworks.com/solutions/msnap.html)

Blue Ridge/Secure EdgeGuard prevents end-users from making system changes that can expose the organization to malware attacks or worse. The solution ensures that client security software is continuously running, contains at-risk applications that could potentially be exploited, identifies pirated software, enforces endpoint settings that prevents users from altering system configurations, automatically and remotely corrects vulnerabilities, quarantines at-risk endpoints and enforces location-specific policies. EdgeGuard Solution (http://www.blueridgenetworks.com/solutions/edgeguard/index.html)

Today's announcement comes on the heels of earlier releases that announced support for Microsoft Network Access Protection technology, as well as endpoint security for Windows Server 2008 Press Release (http://www.blueridgenetworks.com/news/releases/2008/2008-02-28.htm)

About North Atlantic Capital

Portland, Maine based North Atlantic Capital is an expansion stage venture capital firm investing primarily in tech-enabled business service, information technology and communications companies. Established in 1986, North Atlantic manages a pool of capital in excess of $200 million, and is currently investing its fourth fund, raised in 2006. In addition to growth capital and board level guidance, North Atlantic offers its portfolio companies free research and M&A services along with annual executive education programs at leading business schools. Other investments in the current fund include Tangoe, Inc., Servigistics, Inc. and Synacor, Inc. To learn more about North Atlantic's investment criteria and approach to value creation, please visit http://www.northatlanticcapital.com

About Blue Ridge Networks

Blue Ridge Networks is a respected and leading provider of unparalleled security solutions for government and private industry. The company's products have a proven ability to exploit the advantages of the internet and are relied upon by hundreds of large enterprises. Blue Ridge solutions represent high standards of security strength as tested and certified by independent organizations. The company's products have earned: FIPS 140-2, Common Criteria, Joint Interoperability Test Command (JITC), ARMY TIC, and Department of Defense SPOCK certifications. Additionally, they comply with important HIPAA, HSPD-12, and PCI regulations. Information about the company's products and managed services can be found by visiting http://www.blueridgenetworks.com.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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