MODULO COMPLETES SECOND ROUND OF INVESTMENT
Brazil, Rio de Janeiro- Modulo Security Solutions S.A. (www.modulo.com.br), a leading company in Information Security in Latin America, has announced the conclusion of its second round of funding. It received equity financing from new investors Newbridge Technology Ventures (NTV), Santander Private Equity, and Intel Capital and existing investors Merrill Lynch Global Emerging Markets Partners, L.P., Latintech Capital, Entrust, Inc., and Webstar Ventures.
As Modulo CEO Alberto Bastos explains, �We will stick to our commitment to making continued investments in new technology, reinforcing the company's expansion program, and focusing on profitability. Modulo will be increasingly utilizing the Internet to accelerate ongoing projects, with a priority on the development of services such as Remotely Managed Security Services - RMSS - and other online e-security services.�
Modulo has been in the Security market for 16 years, and is responsible for some of the largest ongoing information security projects in Brazil, such as the security certification of Brazil�s Internet-based income-tax and electronic voting programs, both of which have received international acknowledgment.
�We invested in Modulo because it is in an attractive market, has a strong technological base, has solid leadership and has a qualified team of professionals. As Board members we will seek to make Modulo the leading brand in the Latin American security market by 2002.� states Daniel Jinich, Managing Partner of Newbridge Technology Ventures (NTV), an investment fund sponsored by the Texas Pacific Group, Blum Capital and ACON Investments.
Modulo Security Solutions (www.modulo.com.br)
Modulo is the largest information security company in Latin America, employing a highly qualified team of certified professionals (*CISSP, **GCIH and ***GCIA). Modulo is responsible for some of the main ongoing information security projects in Brazil. Among its main 200 clients are nine of the ten largest banks, major fixed-line telecommunication and wireless telephone companies, several B2B portals, petroleum, gas and electricity companies, Internet Data Centers and governmental agencies.
With offices in Rio de Janeiro, S�o Paulo, Bras�lia and in Silicon Valley (USA), Modulo is cited on Microsoft�s website as a case study in the worldwide security industry (www.microsoft.com/technet/itsolutions/security/bestprac/brzcase.asp).
*CISSP - Certified Information Systems Security Professional
**GCIA - Global Incident Analysis Center Certified Intrusion Analyst
***GCIH - Global Incident Analysis Center Certified Advanced Incident Handling Analyst
NTV - Newbridge Technology Ventures
Based in Washington, DC, Newbridge Technology Ventures (�NTV�) is a venture capital investment vehicle focused on early-stage and high-growth businesses in Latin America that seek to take advantage of emerging information and telecommunications technologies.
NTV is sponsored by ACON Investments, Texas Pacific Group and Richard C. Blum & Associates. Together with its sponsors, NTV is part of a family of funds that manage over $18 billion in capital of which $2 billion is invested in technology on a global basis and $550 million is invested in companies based in Latin America. NTV�s areas of interest include IT services, business process outsourcing, applications software, communications equipment, wireless and storage companies, among others. Typical investments range between $2 and $5 million dollars, usually as part of larger rounds that include other top-tier financial and strategic investors.
Entrust, Inc. (Nasdaq: ENTU) is a leading global provider of Internet security solutions and services that make it safe to do business and complete transactions over the Internet. Entrust has the industry's broadest set of identification, entitlements, verification, privacy and security management capabilities. Major corporations, service providers, financial institutions and government agencies in more than 40 countries rely on the privacy, security and trust provided through Entrust's portfolio of award-winning technologies. For more information, please visit http://www.entrust.com.
Intel Capital, Intel�s strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel�s strategic interests. For more information, visit www.intel.com/capital.
LatinTech Capital S.A. is a holding company that actively manages a premium portfolio of venture capital investments that develop and implement emerging technologies in Latin America. The Company is based in Rio de Janeiro, Brazil, Latin America's largest technology market.
LatinTech�s venture capital investment strategy is focused on "Enablers" and "Implementers" that provide client corporations and organizations with the tools, infrastructure and services needed to harness the capabilities of the Internet, increasing the efficiency of core business processes and, in doing so, reshaping traditional industry practices. For more information, visit <> www.latintechcapital.com.br
Santander Private Equity is the division of Banco Santander Brasil responsible for private equity investments exclusively in Brazilian companies. It currently manages 2 investment funds: Santander Private Equity FIA and Bozano, Simonsen Advent FMIEE. Both funds are managed by an experienced and well-qualified team of investment professionals, with an in-depth knowledge of the Brazilian corporate market and economic environment. The investment team uses both its experience and operating network to provide information on a wide range of investment opportunities and to manage its own corporate portfolios. Santander Private Equity often works in partnership with some of BSCH's other private equity/venture capital funds.
Webstar Ventures Corporation is a company incorporated under the laws of the Cayman Islands. The company was designed to take advantage of the growth potential of the Internet in Brazil by investing in projects under the sectors of media & entertainment, business services and education. The company is managed by professionals with extensive experience in the Brazilian financial markets, having under management in excess of US$400 million.