Bradford Networks Secures $2 Million Series A Financing
Posted on: Monday, 21 August 2006, 12:00 CDT
CONCORD, N.H., Aug. 21 /PRNewswire/ -- Bradford Networks, provider of comprehensive network access control (NAC) solutions, today announced that it has secured $2 million in Series A funding. The round was led by Windspeed Ventures. The capital will be used to build upon Bradford's current success and traction in the competitive and dynamic network security marketplace; drive the development of the Company's infrastructure and expand sales and marketing activities to capitalize on the rapidly growing market for network access control solutions.
"Bradford Networks provides a comprehensive security solution to the challenging problem of network access control," said John Bullock, Managing Partner and founder of Windspeed Ventures. "IT organizations within the education vertical are struggling to deliver secure network access in highly active college and university environments. With the accelerating trends of mobile workforces and outsourcing, IT teams in the healthcare, enterprise and state/local government markets are rapidly coming under similar pressures. The visionary Bradford team has delivered a powerful, pragmatic product that solves real-world security problems."
Bradford Networks' innovative Campus Manager product line delivers the three key elements of effective NAC solutions -- end point security, identity management and usage policy enforcement -- in a single integrated solution. Campus Manager's out-of-band architecture lets IT teams implement Campus Manager at any time and leverages existing multi-vendor network infrastructures to deliver automated security services without the need for costly infrastructure upgrades.
"We're very pleased to receive venture funding to fuel the growth of our vision for delivering comprehensive NAC solutions," said Mike Gadoury, CEO of Bradford Networks. "Our mission is to deliver innovative solutions that solve real-world security challenges and allow our customers to leverage their current multi-vendor network infrastructure. With the support of Windspeed Ventures, we're making that goal a reality."
About Bradford Networks
Bradford Networks is dedicated to delivering innovative network access control solutions that allow our customers to secure their multi-vendor networks by automating monitoring and control of network clients and devices. Learn more about Bradford Networks at http://www.bradfordnetworks.com/
About Windspeed Ventures
Windspeed Ventures is a Boston-area based early and seed stage venture firm that actively helps build high technology companies in the communications, security, media and internet services industries. The Windspeed team consists of all former entrepreneurs whose goal is to share their relevant operating experience in building value in early stage businesses. For more information visit: http://www.wsventures.com/
Contact: Jerry Skurla Bradford Networks (603) 228 5300 x5319 jskurla@bradfordnetworks.com
Bradford Networks
CONTACT: Jerry Skurla of Bradford Networks, +1-603-228-5300, ext. 5319,jskurla@bradfordnetworks.com
Web site: http://www.bradfordnetworks.com/http://www.wsventures.com/
Source: PRNewswire
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