Purewire Closes $2 Million in Funding, Appoints Thomas E. Noonan to Board of Directors

ATLANTA--(BUSINESS WIRE)--Purewire, Inc. today announced that it has secured $2 million in funding, and that it has appointed Thomas E. Noonan to its Board of Directors. Imlay Investments, Inc. led the friends-and-family round, bringing the company’s total financing to $3.75 million. The new funds will be used to expand the company’s fully redundant world-class data centers, fuel strategic engineering and development initiatives, and increase sales and marketing efforts.

Thomas E. Noonan is the former chairman, president and chief executive officer of Internet Security Systems, Inc., which was acquired by IBM for $1.3 billion in 2006, at which time Noonan became GM of IBM Internet Security Systems. Under Noonan's leadership, ISS revenue soared from startup in 1994 to nearly $330 million dollars in its first decade.

“The security industry continues to thrive as businesses seek to protect employees and corporate assets from dangerous attacks,” said Noonan. “Web security, and particularly Web security SaaS, is one of the hottest growth markets. That, combined with the team’s proven track record of delivering innovative offerings to protect enterprise customers, makes for a very promising opportunity.”

“We are thrilled to have Tom join our Board of Directors,” said Steve Raber, chairman and chief executive officer of Purewire, Inc. “He brings a wealth of industry knowledge, contacts and expertise that will be extremely beneficial as we continue making advancements to drive initial growth.”

“The support we have received from the Atlanta community, as well as the security industry in general, has been tremendous and a significant motivator to deliver an outstanding product to protect enterprise Web users,” said Mike Van Bruinisse, co-founder, president and chief operating officer of Purewire, Inc. “Security SaaS is attractive for organizations who want instant access to updates and innovation without the headaches of tedious installations, hardware costs and maintenance. With this funding, and the interest we already are seeing for our service, we are well positioned for fast growth and success.”

Purewire also announced today the immediate availability of its Purewire Web Security Service, a security software-as-a-service (SaaS) offering that protects business users from malicious people, places and things on the Web™ (See Release: Purewire Launches Web Security-as-a-Service for Businesses).

Purewire, Inc. was founded by security industry visionaries and entrepreneurs, who most recently comprised much of the original management team at CipherTrust. Secure Computing Corporation (NASDAQ: SCUR) acquired Atlanta-based messaging security industry leader CipherTrust in 2006 for approximately $300 million. Purewire’s management team is led by Steve Raber, chairman and chief executive officer; Mike Van Bruinisse, co-founder, president and chief operating officer; Dr. Paul Judge, co-founder and chief technology officer; Mark Caldwell, co-founder and vice president of sales; Brad McArthur, vice president of operations; and Mary Catherine Petermann, vice president of marketing.

About Purewire, Inc.

Headquartered in Atlanta, Purewire™ secures business and social interactions on the Web. Founded by veteran security industry entrepreneurs, the company offers Web security-as-a-service to increase ROI and lower the total cost of security for businesses. Purewire is developing unique algorithms and scalable services to protect users from malicious People, Places and Things on the Web™. For additional information, please visit www.purewire.com.