Framingham, MA (July 26, 2007) – Insightix, the developer of stateful IT visibility and network access control solutions, today announced that the company has secured strategic investment from SoftBank Capital. SoftBank Capital is an independent venture capital firm focused on high growth technology based businesses, whose previous investments have included seed investments in Yahoo, E*Trade and UT Starcom.
"We are proud that an investor with the stature and track record of SoftBank has taken a strategic position in Insightix,” said Lior Tal, CEO of Insightix. “SoftBank’s investment is a vote of confidence for Insightix and provides us the growth capital to amplify our momentum and access new markets and opportunities."
Insightix will use the funds from this investment to expand its product offerings, engage major channel partners and boost its sales and marketing reach across the United States, Europe and Asia.
"We are very excited about our investment in Insightix as we think it is truly a very unique opportunity to capture significant market share in the rapidly growing market segment of Network Access Control. Insightix products provide both visibility and access control functionality that is clearly superior to every other competitive offering that we could find and does it in a non-intrusive way that make it very easy to maintain," said Ron Schreiber, a Partner with Softbank Capital.
Insightix offers two main solutions – Insightix Visibility and Insightix NAC. Insightix Visibility obtains a complete inventory of all network devices, including their location and associated properties, and provides an accurate topology map of the entire network. Insightix NAC ensures that only authorized and compliant devices are allowed to access and operate on the network.
Both Insightix Visibility and Insightix NAC are completely agentless and do not require network changes, specialized software or hardware or extended deployment efforts. Insightix solutions utilize Insightix’s Stateful Network Detection technology, which generates and maintains in a real-time "state" of all devices connected to the network.
Insightix was recently recognized by CRN magazine on its annual list of Emerging Technology Vendors and profiled by Red Herring magazine as one of the top fifteen security startup companies to watch.
About Insightix
Insightix develops stateful IT visibility and network access control solutions. Insightix's solutions are agentless, provide full network coverage and deliver an immediate return-on-investment for network security, IT operations and regulation compliance. Insightix solutions are simple to use and overcome the technical limitations of existing solutions.
Insightix customers include prominent companies in the banking, retail, media, transportation, manufacturing, education and additional industries. Insightix’s investors include SoftBank Capital, Blumberg Capital, Quest Software (NASDAQ:QSFT) and several technology veterans.
About SoftBank Capital
SoftBank Capital is an independent venture capital firm focused on high-growth, technology-based businesses benefiting from the rapid deployment and adoption of broadband and mobile technologies. Through its current fund, SoftBank Capital Technology Fund III L.P., the firm has invested to date in Anystream, Associated Content, Aequus Technologies, Beliefnet, DeskTone, Goodmail Systems, The Huffington Post, Intent Mediaworks, LiteScape Technologies, Nellymoser, The NewsMarket, Perpetual Entertainment, Pivot Solutions, PureVideo, Rivermine Software, Sermo, SyncVoice Communications, Thumbplay, V-Enable, Voodoovox and Voxant. For more about SoftBank Capital see www.softbank.com.
Press Contacts
Insightix Ltd.
press@insightix.com