ConSentry Networks Raises $17 Million in Oversubscribed Series.

Secure Networking Startup Builds World-Class Executive Team by Attracting Industry Veterans from Cisco Systems, Extreme Networks and Juniper Networks

ConSentry Networks (formerly Tidal Networks), a secure networking startup poised to redefine how enterprises enforce user access to protect their internal networks, announced today it has raised an additional $17 million in an oversubscribed Series C funding round. This third round of financing includes previous investors Accel Partners and Sequoia Capital, as well as a new investment from INVESCO Private Capital, bringing ConSentry's total funding to $31 million.

"Through our previous investments in Cisco, NetScreen and 3Com, we've participated in every major discontinuity in networking and security," said Michael Goguen, partner with Sequoia Capital. "We regard ConSentry as among the few companies with the ability to lead this latest inflection point in secure networking."

ConSentry's unique approach to protecting enterprise LANs has attracted new executive hires:

-- Dean Hickman-Smith has joined as ConSentry's vice president, worldwide sales. Previously, he was vice president of emerging technologies at Juniper Networks responsible for driving global sales for the security technology acquisitions and product offerings.

-- Franklin Grosvenor is ConSentry's vice president of operations. Previously, he was senior director of manufacturing for the Wireless Networking Business Unit and Mobile Wireless Group with Cisco Systems.

-- Sam Farsad joins ConSentry as the company's vice president of engineering after serving as vice president of software engineering with Extreme Networks.

"ConSentry is at the intersection of two of the industry's largest and fastest growing markets today -- enterprise networking and security," said Thomas Barsi, president & CEO of ConSentry Networks. "ConSentry has built the team and disruptive technology to successfully drive a convergence of this magnitude to reality -- a solution that will make a significant impact on organizations suffering from internal security challenges everyday."

With today's announcement, Esfandiar Lohrasbpour, general partner with INVESCO Private Capital becomes the newest member of ConSentry's board of directors.

Technology Breakthrough

ConSentry will bring to market a purpose-built system that leverages its breakthrough, patent-pending silicon architecture to continuously identify all LAN traffic and enforce user access to authorized resources and applications at wire-speed, in real-time. As a result, enterprises will be able to enforce granular user access policies, meet regulations, and contain known and unknown malware attacks in real time, all from a single system, leveraging their existing network infrastructure.

The visionary for this new class of technology is ConSentry's chief technology officer Jeff Prince, previously co-founder of Foundry Networks and Centillion Networks.

In order to address user access control, regulatory compliance, threat management and malware containment issues, Fortune 1000 companies are being asked to consider prohibitively costly upgrades to myriad devices including 802.1x switches, intrusion prevention systems, network monitoring tools and more. This is creating an unacceptable level of operational and integration complexity. In order to implement a coherent and realistic LAN security strategy, enterprises are going to need much more cost-effective, simple-to-deploy solutions that deliver superior performance over repackaged perimeter-focused devices.

"Enterprises face a bewildering array of complexity, cost and performance issues as they shift their focus from perimeter security to the vexing problem of protecting their internal LANs," said David Passmore, research director at Burton Group. "ConSentry's solution looks promising in addressing regulations, information protection and network availability challenges today."

About ConSentry Networks

ConSentry Networks secures enterprise LANs with a purpose-built system that preserves data integrity, ensures network availability and supports regulatory compliance at disruptive price/performance levels. ConSentry's solution leverages its breakthrough, patent-pending silicon architecture to continuously identify all LAN traffic and enforce user access to authorized resources and applications at wire-speed, in real-time. Backed by blue-chip venture capital firms that include Accel Partners, INVESCO Private Capital and Sequoia Capital, ConSentry is headquartered in Milpitas, California. For more information, visit the company's web site at www.consentry.com.

ConSentry Networks, the ConSentry Networks logo and LANShield are trademarks of ConSentry Networks Inc., for use in the United States and other countries. All other product and company names herein may be trademarks of their respective holders.

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