AtomicTangerine receives $12.63 million in Series C Financing
MENLO PARK, Calif.–(BUSINESS WIRE)–May 17, 2001–AtomicTangerine (www.atomictangerine.com), a company that specializes in providing cutting edge information security solutions to its clients, today announced that it recently closed a $12.63 investment from a series of investors that includes T.A Associates and Sienna Ventures.
AtomicTangerine is a leading worldwide provider of information security services, offering global companies the comprehensive expertise, services and tools needed to prepare for, and continuously adapt to, rapidly changing security threats in today’s connected information economy. The company offers a complete range of security offerings for risk assessment and management, security architecture and design, advanced technology implementation, public/private partnerships and other executive programs, training and education, and online services. A spin-off of SRI International, a world renowned technology innovation center, the company has demonstrated leadership as a valued and trusted security resource and services provider.
“TA Associates has a strategic commitment to invest in the information security area,” said Jeff Chambers, Managing Director of T.A. Associates. “Information security is a rapidly evolving market space and we see growing demand for AtomicTangerine’s comprehensive suite of security solutions that include vulnerability assessment and benchmarking, system architecture design and implementation, online education and awareness, and leading-edge security technologies.”
In addition to T.A Associates and Sienna Ventures, other investors include SRI International, Mitsubishi Electric Information Network Corporation and Oki Electric Industry Co., Ltd.. All of the investors were involved in the Company’s prior financing round as well.
“The advent of the “business web” has dramatically increased the vulnerability and financial risks involved in information security for business and society as a whole,” said Joe Deney, CEO of AtomicTangerine. “Our investors recognize that our comprehensive suite of high end consulting services and on-line security products together with the cutting edge technologies we have first access to through our partnerships with SRI International and Kent Ridge Digital Laboratories, can now become a competitive advantage for our clients as they evolve their business models.”
About AtomicTangerine
AtomicTangerine, a spin-off of SRI International, specializes in information security services and technology offerings both on-land and on-line for Fortune 1000 companies. The company has demonstrated worldwide leadership as a valued security resource and services provider. AtomicTangerine offers a complete range of security solutions including risk assessment and management, security architecture and design, advanced technology implementation, public/private partnerships, executive programs, online education and awareness training, and online services. Online services include SecurityPortal — internationally recognized as the “focal point for security on the NET(TM)”, NetRadarEWS(TM) (intrusion detection), and InfoSec University (www.infosecu.com an online security training and awareness program.) The SecurityPortal web site (www.securityportal.com) serves a broad audience of more than 250,000 IS professionals each month, and contains more than 40,000 pages of security information, e-newsletters and specially focused digests. For more information about AtomicTangerine, visit the website at www.atomictangerine.com or send an e-mail to services@atomictangerine.com.
About TA Associates
TA Associates was founded in 1968 and is one of the nation’s leading private equity firms investing in growing companies. Through its offices in Boston, Menlo Park and Pittsburgh, the firm has over $5 billion in capital available to support growth, finance acquisitions, fund share repurchases and assist management buyouts. TA’s investments are focused on technology, financial services and healthcare. Since its founding, TA has invested in more than 320 companies. More information about TA Associates can be found at www.ta.com.
About Sienna Ventures
Sienna Ventures is an early-stage technology investment partnership focused on nurturing true innovators in the wireless communications, networking, Internet infrastructure and software sectors. Founded in 1990, and supported by a seasoned advisory board including Charles Lynch, Philip Quigley, and Richard Rosenberg, Sienna’s differentiation centers around its philosophy of launching companies “Right from the Start.” This means working intimately with the management team and assuming an essential and defining role in the success and sustainability of these portfolio companies. Based in Sausalito, CA., Sienna has maintained a top decile investment rate of return (IRR) ranking, participating in the growth and value building of many successful start-up and emerging growth companies. These include @Motion, Atomic Tangerine, Inc., Epana Networks, MobileStar, M7 Networks, Ranch Networks, Phone.com and WIDCOMM, Inc. Additional information can be found at www.siennaventures.com