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Story URL: http://www.silicon.com/research/specialreports/thespamreport/0,39025001,39125249,00.htm

IronPort secures $45m funding
And announces strong sales to boot...

By Will Sturgeon

Published: Monday 25 October 2004

US-based email security firm IronPort has secured a further round of funding worth $45m.

This latest round - raised through a series D preferred stock financing - was lead by New Enterprise Associates, with additional investment from existing backers Menlo Ventures and Allegis Capital as well as Rembrandt Venture Partners.

That funding brings the total raised by IronPort to more than $90m, with further reason for cheer being provided by the company's third quarter sales of $16.5m - its best financials to date.

IronPort also announced that Robert Thomas, former CEO of Netscreen Technologies, and Sun Microsystems alumnus, has joined its board of directors.

Thomas has 25 years of experience in the technology industry. During his time in charge of Netscreen the company grew from 31 employees to 950. In April 2004 Netscreen was bought by Juniper Networks for $4bn.

Scott Weiss, CEO of IronPort, described it as "an honour" to have Thomas on the company's board.