Solsoft Secures Additional $8 Million in Funding
Mountain View, Calif., February 11, 2002-- Solsoft Inc., a leading provider of visual security policy management solutions, today announced that it has received over $8 million in financing. This brings the total invested in the company to more than $23 million. CLAM Private Equity led this round of funding for Solsoft and was joined by new and existing financial investors including The Carlyle Group, Intel Capital and Rothschild.
�We are thrilled to have secured this incremental financing at this very difficult time for equity markets,� said Robert de Monts, chairman and CEO, Solsoft, Inc. �This investment will help us to further product development and strengthen marketing, sales, and support operations throughout the U.S. and Europe.�
Solsoft is an innovator in security policy management for enterprises, managed service providers and network security vendors who need an easy-to-use, visual security policy management solution. Solsoft offers one of the leading independent multi-vendor, multi-product solutions available today.
About Solsoft NP
Solsoft NP is a policy management solution for network security, offering visual definition of security policies and automated implementation on network devices.
Solsoft NP solves a complex and costly network security problem by offering a centralized platform that automates the provisioning of network security rules on multi-vendor routers, switches, firewalls, and VPNs. By automating the work and making different brands and devices interoperable, Solsoft NP offers ease of management, improved security, and return on investment.
With Solsoft NP, businesses can configure, enforce and maintain IP security policies for products from Cisco Systems, Check Point, Nortel/Bay Network, Nokia, Symantec, and other industry leaders.
About CLAM Private Equity
CLAM Private Equity was created in 2000 by the Credit Lyonnais Group in order to develop its third-party asset management business in the area of private equity. The company manages investment funds covering all market segments (venture capital, LBO, ...) and focuses on driving companies industrial develoment over the medium term.
About Intel Capital
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, please see www.intel.com/capital.
About The Carlyle Group
The Carlyle Group is one of the world's largest global private equity investment firms, managing assets of approximately EUR13 billion through 17 funds in the US, Europe, Asia and Japan. The funds cover a range of investment disciplines including venture capital, buyout, real estate, high yield and energy. The firm has built a team of over 500 people who work out of 24 offices spread throughout the world providing Carlyle with a strong local presence.
Carlyle Europe Venture Partners (CEVP) is a EUR730m fund that focuses on investing in core infrastructure technologies and services. The 15-strong investment team specializes in six key domain areas: communications technology, communications services, infrastructure software, online business services, online financial services, and material sciences.
The Rothschild Group has been at the center of the world's financial markets for over 200 years. Today, it provides corporate and resource banking, treasury, investment banking, fund management, private banking and trust services to governments, corporations and individuals worldwide. Through 56 offices in 37 countries, from the Americas through Europe to Australia, clients can access Rothschild ideas and expertise. Through its Paris-based Private Equity office, the Rothschild Group invests in first-class projects lead by exceptional entrepreneurs, in the Telecom and Software sectors.
About Solsoft, Inc.
Solsoft is an innovator in network security, offering the leading independent, visual policy management solution on the market today. Its flagship product, Solsoft NP, 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 NP, more than 150 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.
MEDIA CONTACTS:Kathleen Flaherty, Nilles & Associates (415)440-2121 and Hind Dahbi, Solsoft, Inc. (650)428-2805 .