Xceedium Closes $7.5M Series B Financing
Summary
Xceedium Inc., a Jersey City, NJ-based provider of IT infrastructure access control solutions, has closed a $7.5m Series B financing.The round was led by existing investor ArrowPath Venture Partners.The new capital will be used to drive sales and marketing expansion as well as accelerate the ongoing development of its flagship product, GateKeeper, an appliance-based solution that secures and audits privileged access to IT infrastructure.GateKeeper is designed to allow mid-sized enterprises, as well as leading federal government agencies to enforce access control on vendors, contractors and IT administrators whether inside or outside of the network, to contain users so that they have access to only the resources they need and to create an audit trail for proof of compliance with the security mandates of HIPAA, PCI, FISMA and other regulations.FinSMEs 12/10/2010
Funding
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