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News and Information Article
Series B Funding will be Used to Scale Operations and Extend Product Line
RICHARDSON, Texas, March 15 // -- Sipera Systems, the leader in
pure security for VoIP, mobile and multimedia communications, today announced
it has secured $13.2M in series B round funding. The round was led by Sequoia
Capital, and includes prior investors Austin Ventures and STAR Ventures. This
latest funding brings Siperas total to $19.5M and will help the company
expand operations and extend its Voice over Internet Protocol (VoIP) security
solution to wireless operators.
"The increase in VoIP deployments is driving both awareness of and demand
for comprehensive VoIP security, which is reflected by Siperas growth and
expanding market opportunity," said Mike Goguen, a Sequoia Capital General
Partner. "Comprehensive VoIP security is emerging as a new product category
and Sipera has established clear leadership in this segment." Mr. Goguen, who
has successfully guided numerous VoIP and security firms such as NetScreen,
Redback and Spatial Wireless, will join the Board of Directors for Sipera
Systems.
"The recent launch of the Sipera IPCS 310 product was a tremendous
success, validating our approach to VoIP security and demonstrating the
escalating demand for our solutions," said Seshu Madhavapeddy, Sipera
President and CEO. "This new investment will allow us to expand our
operations to support the growing demand for our products and extend our
product line into the wireless VoIP market. We look forward to drawing on
Mikes deep expertise in VoIP and security."
"Sipera was founded with the mission to build comprehensive security
solutions for real-time IP communications applications when VoIP security was
barely a concept to most," said Krishna Kurapati, Siperas Founder and CTO.
"Over the last two years, the Sipera VIPER lab has done exhaustive analysis of
IETF and 3GPP specs and built a catalogue of thousands of vulnerabilities that
exist within SIP, UMA and IMS protocols. This research forms the basis of the
most comprehensive VoIP security product on the market to proactively address
these vulnerabilities. This new round of funding is a testament to our
leadership in this space."
Recently launched at VoiceCon Spring 2006, Sipera IPCS products represent
the most comprehensive pure security solution for protecting real-time IP
communications applications such as VoIP, instant messaging (IM), video and
multimedia. The Sipera IPCS 310 is deployed within the network to protect
both the infrastructure and end-users from a number of malicious,
application-specific attacks and service abuse.
Sipera IPCS products can be deployed in any existing VoIP infrastructure
with no need for on-site interoperability testing, due to Siperas close
development and integration work with leading VoIP infrastructure
manufacturers. The Sipera IPCS 310 product is not a point-of-failure in the
network and is not subject to attack, as it is deployed without an IP address
with no network configuration changes -- preserving network integrity and user
uptime, for fast ROI.
About Sequoia Capital
Since 1972, Sequoia Capital has provided startup venture capital for very
smart people who want to turn ideas into companies. As the "Entrepreneurs
Behind the Entrepreneurs," Sequoia Capitals Partners have worked with
innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang
and David Filo of Yahoo!, Gaurav Garg of Redback Networks, Larry Page and
Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of
Cypress Semiconductor, Lou Tomasetta of Vitesse Semiconductor, Steve Jobs of
Apple Computer and Larry Ellison of Oracle. The companies organized by
Sequoia Capital now account for about 10% of the value of NASDAQ. To learn
more about Sequoia Capital visit http://www.sequoiacap.com.
About Austin Ventures
With $3 billion under management across nine funds, Austin Ventures has
provided startup and growth capital to emerging companies for over twenty
years. We partner with exceptionally talented entrepreneurs and operating
executives to build valuable businesses in a variety of technology and service
industries. We invest nationally but maintain a particular focus on Texas and
the Southwest, where we are the regions most active investor. Our team of
investment professionals works with companies at every stage of the funding
lifecycle, from initial seed investments, through startup and growth capital,
to management-led buyouts and recapitalizations. Austin Ventures brings a
long-term investment perspective, broad experience in building high-growth
companies, and access to an unparalleled network of entrepreneurs and
executives. Visit http://www.austinventures.com for more information.
About STAR Ventures
STAR Ventures is a global venture capital company that invests in
early-stage, high-tech companies in Israel, Germany, and the United States.
STAR (http://www.star-ventures.com) focuses on companies that are already
active internationally or are preparing to establish international business
activities. STAR currently holds close to $1 billion (U.S.) under management,
and has invested in more than 150 companies, 33 of which are traded on the
NASDAQ stock exchange in New York, and the Neuer Markt in Frankfurt. The
focus of STARs investment interest is information technologies, with an
emphasis on communications. Additional investment areas include medical
devices, enterprise software, Internet infrastructure, and industrial
technologies. STAR is headquartered in Munich, Germany, with offices in
Herzliya, Israel, and Dallas, USA.
About Sipera Systems
Sipera Systems, Inc., the leader in pure security for VoIP, mobile and
multimedia communications, enables enterprises and operators to protect end
users and network infrastructures from potentially catastrophic attacks,
misuse, and abuse of real-time, session-based protocols. Comprised of top
vulnerability research experts, the Sipera VIPER(TM) lab concentrates all of
its efforts towards identifying SIP, UMA and IMS vulnerabilities. This
expertise forms the foundation of Sipera IPCS(TM) products, which protect IP
communications applications, and the Sipera LAVA(TM) tools which, verify
networks readiness to resist attacks. Founded in 2003, Sipera is
headquartered in Richardson, TX. Visit http://www.sipera.com.
Sipera, Sipera logo, Sipera IPCS and related products, Sipera LAVA and
Sipera VIPER are trademarks of Sipera Systems, Inc.
Media Contacts:
Larry Bouchie, KMC Partners Public Relations, 617-758-4192,
larry@kmcpartners.com
Brendan Ziolo, Sipera Systems, 214-606-1080, bziolo@sipera.com
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