Press Release
Agiliance Receives $3 Million in Series-A Equity Funding
Silicon Valley Innovation Company (SVIC) Leads Investment; Gilles Samoun, Alexander Hern and Peter Burckhardt to Join Board
Mountain View, California, August 23, 2005 — Agiliance today announced that it has completed Series A funding of $3 million led by Silicon Valley Innovation Company (SVIC). Previously, SVIC created and funded ArcSight, a company that has become the global leader in Security Event Management with a broad base of Global 2000 customers. Pravin Kothari, Founder and Chief Executive Officer of Agiliance, was previously the founding Vice President of Engineering of ArcSight.
The company also announced the addition of three new members to its Board of Directors: Gilles Samoun, Chairman and Chief Executive Officer of Solsoft; Alexander Hern, Chairman of SVIC, and Peter Burckhardt, President of Burckhardt Consulting, LLC.
Agiliance develops innovative solutions that enable organizations to effectively analyze and decrease security risk, increase visibility, and significantly reduce the cost of compliance with regulations and security policies.
“Enterprise security risk and compliance management is a senior management issue, and several of our target customers are already embracing the Agiliance vision. This initial success, coupled with today’s investment provides both the validation and resources to aggressively target the market,” said Kothari. “In addition, I am looking forward to building another company with SVIC, and teaming with Gilles, Alexander and Peter to turn Agiliance into a global market leader.”
“SVIC is impressed with Pravin Kothari’s vision for top-down management of a company’s risk and compliance initiatives,” said Alexander Hern. “Moreover, he already has an excellent track record in delivering a market leading security solution, and I am looking forward to working with Agiliance in building a business which meets such a critical enterprise need.”
About the Board Members
Gilles Samoun is an Executive with a proven track record of creating and growing companies in enterprise security. He is currently Chairman and CEO of Solsoft, which he joined after working as an Executive in Residence at Benchmark Capital. Prior to Benchmark, Mr. Samoun was the founder and CEO of Qualys, where he established the company as the leading global online security auditing service provider.
Alexander Hern is Chairman of SVIC. His impressive track record of creating and growing companies to successful exits includes being part of the Inktomi founding team. Currently, Mr. Hern is actively involved with Pay By Touch, an innovative biometric payment provider in San Francisco which he helped get off the ground; the company now employs over 500 professionals.
Peter Burckhardt is President of Burckhardt Consulting, LLC and has 15 years of consulting, high technology operating and investment experience. Mr. Burckhardt has been active with SVIC and several portfolio companies, including ArcSight and CloudShield. Prior, he was an engagement manager at McKinsey & Co. and drove high technology projects focusing on strategy and operations. His large-scale, highly visible projects included Credit Suisse First Boston’s global technology project, which involved 600 full-time employees and a $200 million budget.
About Silicon Valley Innovation Company (SVIC)
SVIC, LLC is headquartered in Monterey, CA and was founded by a team of information technology executives and entrepreneurs. SVIC is a company-creation firm that focuses on security applications, defense and enterprise software technologies. SVIC identifies, develops and launches new businesses in these core areas by combining new or existing intellectual property and experienced management. For more information please visit www.svic.com
About Agiliance
Agiliance, a leader in Security Risk and Compliance Management, provides an integrated, standards-based solution that enables enterprises to effectively analyze and decrease security risk, achieve continuous visibility of risk and compliance, and significantly reduce the cost of compliance with regulations and security policies. Agiliance’s holistic risk-based solution integrates IT assets, physical assets, people and processes, allowing organizations to comply with government regulations (e.g., Sarbanes-Oxley 404, HIPAA, GLBA and SB 1386), industry mandates (e.g., SAS 70 and PCI), as well as corporate policies. Agiliance is based in Mountain View, CA and can be reached at www.agiliance.com.
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