| Astaro raises $6.7M in funding |
May 17, 2004
Open Source-based security company Astaro has announced they have raised $6.7M in a round of funding from New York-based Insight Venture Partners and Wellington Partners of Munich, Germany. The total amount invested in Astaro now stands at $12.9 million.
Massachusetts-based Astaro says that the funding will be used to expand their global partner program and add "customer-driven product enhancements" to accelerate sales of Astaro’s all-in-one network security solution. The product combines firewall, VPN gateway, anti-virus protection, and other security features for enterprises.
"Since its founding in January 2000 it has grown to the point that it now protects some 20,000 networks,” said Frank Boehnke, partner, Wellington Partners. “You can’t argue with success. Linux is clearly here to stay and Astaro is clearly the leader in the network security space. They are the most popular solution out there, namely because their product offers the security and the features companies want, it’s easy to support and at a fraction of the cost of purely proprietary systems.”
Just last week the company announced the availability of Version 5 of Astaro Security Linux, which now includes Intrusion Protection and added Virus Protection for HTTP and FTP. Version 5, for example, will stop viruses in password-protected zip attachments. The cost targets SMBs with licenses start at $390 for 10 users.
Astaro CEO Jan Hichert sees no end to the onslaught of security threats either and said, "A small to mid-size company could spend a small fortune buying standalone point solutions for each security issue that arises, such as a firewall; an anti-virus device; an intrusion protection box, etc. Or companies can buy the Astaro software with its single management interface and be done with it."
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