News

Security Innovator AlertEnterprise Receives $8 Million in Series A Funding From Opus Capital
Infusion of New Capital Will Fuel Growth

FREMONT, Calif., February 11, 2009 - AlertEnterprise™, the technology leader in access controls and security, announced it has secured $8 million in Series A financing from Opus Capital, a leading early-stage venture capital firm in Menlo Park, CA. AlertEnterprise is a pioneer in the convergence of physical access control and IT systems and the recent recipient of the SAP® TechEd 2008 Demo Jam Award. With its flagship AlertAccess and AlertAction™ products, AlertEnterprise monitors and detects potential security threats, enabling real-time response.

These solutions allow enterprises to automate, track and audit rules-based access to physical locations and IT applications, providing global control, security and enforcement of governing policies, practices and regulations. “The single biggest gap in enterprise security is the integration of IT authorizations and physical access controls, a near universal cybersecurity vulnerability,” said Jasvir Gill, CEO and founder of AlertEnterprise. “This financing enables us to significantly intensify our efforts to help our customers fight fraud, theft, malicious behavior and even human error by automating prevention, detection and remediation of physical and IT security threats.” Enterprises need constant awareness of physical and IT access threats – especially threats that may look innocent in isolation, but represent a danger in combination.

AlertEnterprise offers proven solutions for enterprises that need to link all areas of access control. The funding will be used to expand the team and to engage a growing pipeline of sales opportunities. AlertEnterprise also vigorously brings companies into compliance with a wide array of regulations while helping them save money through automated threat prevention, detection, and resolution as well as remediation and intervention.

“We have been evaluating security and compliance companies for some time now,” said Ken Elefant, general partner of Opus Capital, who has joined the AlertEnterprise board of directors. “AlertEnterprise clearly stood out from the rest due to its innovative technology, proven management team and because it solves a very real problem of enterprises: the integration of physical building security with IT security. Given our long term relationship with Jasvir Gill and the team as well as our interest in this space, it was a great fit for Opus Capital.”