ExaProtect, the market leader in core security event management (CSEM), today announced it has secured investments totalling 4.5M euros from two specialist technology investment funds.
According to ExaProtect, the funding will be used to support further growth and development in Europe. ExaProtect is seeing strong demand for its security assurance monitoring solutions, as large companies look to better manage their overall IT security in the face of growing stakeholder and regulatory pressures.
The investments were made by CM-CIC Private Equity, a subsidiary of CM-CIC Group, an international fund which provides support for private technology companies; and Elaia Partners, an independent Venture Capital firm focusing on the software and IT services sectors and sponsored by major institutions including EDF Capital Partenaires.
“ExaProtect has very solid assets indeed,” said Stйphane Pesquй from CM-CIC Private Equity. “We were convinced by their advanced, mature technology, their strong customer base, and broad range of partners”
Marie Ekeland from Elaia Partners said: “ExaProtect has strong growth potential on a worldwide scale, demonstrated by their successful expansion into the UK. We value the positioning of their Security Management Solution which monitors the entire Information System, not just the network perimeter, and focuses on key business assets”.
According to ExaProtect CEO, Jean-Franзois Dйchant: “This investment will play a key part in helping us to maintain our development in all areas. Both funds have a wide international experience, and have valued ExaProtect’s rapid growth, the efficiency of its organisation and the competitiveness of its solutions. It will give us a tremendous boost.”
ExaProtect may also use some of the funding to help in future acquisitions of companies or technologies that work together with its CSEM approach.
ExaProtect’s Security Management Solution (SMS) gives scalable and comprehensive security monitoring for complex and diverse IT infrastructures. By gathering and interpreting security-related events from all relevant business systems, SMS delivers a unified, correlated and real-time security dashboard view of the current security situation. It has the ability to collect and load security audit logs as well as to analyse security logs in core systems such as SAP, Oracle and Siebel.