The latest round of funding comes from Solsoft's existing investors, The Carlyle Group, CLAM Private Equity, and Rothschild Management, as well from new investor Logispring. This round of funding is the largest raised since the company was founded in 1998, and takes the total investment in the company to nearly $35 million. The funding is to be used to build the sales team and for product development.
Solsoft offers companies visual solutions to manage network security policies. Within the very core of company security management, Solsoft configures firewalls, VPNs and routers in real time, and enforces response scenarios to all security issues.
"This investment reflects the market's confidence in the new management team led by Gilles Samoun. His experience in the field of security and the development of global companies makes him the ideal candidate to drive Solsoft's success," commented Vladimir Lasocki, associate director with The Carlyle Group in London.
Solsoft's direct sales and large system integrators approach will allow the company to develop a closer relationship with its existing customer base, which includes Veritas, Renault, Dassault Aviation, US Cellular, and FirstHand Capital, as well as with new customers across the world.
"Solsoft's unique technology is an essential component of IT security systems, lying at the core of the network security infrastructure of enterprises. This round of investment will be used to reinforce our sales team and increase our market penetration in North America and Europe," said Gilles Samoun, CEO of Solsoft.
Solsoft plans to announce a new version of its flagship product, Solsoft Distributed NP, in September 2003, as well as a number of key strategic alliances.
About Gilles Samoun
Gilles Samoun, former member of the Benchmark Capital EIR team, has been Solsoft's chairman and CEO since April 2003. In May 1999, he founded Qualys Technologies. As CEO, he positioned Qualys as the worldwide reference in network security audits. Gilles Samoun was also CEO of MediaPath Technologies (USA) in 1998, as well as general manager and European vice president of Verity between 1992 and 1998 where he played a major role in the development of European sales.
Solsoft is an innovator in network security, offering the leading independent, visual policy management solution on the market today. Solsoft helps enterprises, managed service providers and network security vendors simplify the design, deployment and management of multi-vendor routers, switches, firewalls, and VPNs. Using Solsoft, more than 170 customers in finance, telecommunications, manufacturing and government have experienced improved ROI, increased productivity, interoperability and rapid security provisioning throughout global networks. Solsoft is headquartered in Mountain View, Calif. and Paris, France. For more information, visit http://www.solsoft.com.