With security breaches happening faster than you can turn your head, it is no wonder venture capital firms are sticking with the security space despite zero IPOs. Of course, you are not going to easily solve the problem of a handing the data over to crooks themselves.
The latest deals of note…
– PortAuthority Technologies (formerly Vidius) raised $13.4 million in its third round of financing. The company, founded in 2000, sells software designed to prevent sensitive information from leaving the corporate network. The deal was led by Greylock Partners and Sequoia Capital.
– PC Guardian Technologies gets its first round, at $6 million, completed with the help of Altos Ventures and Cardinal Venture Capital. PC Guardian encrypts email, hard-disks, removable media, and personal digital assistants.
You can catch the full report on both of these deals from the RedHerring here.
On a separate note, FaceTime, a specialist in peer-to-peer and IM security, just purchased XBlock Systems, maker of the X Cleaner anti-spyware software, for an undisclosed sum.