http://www.thenewpornigraphers.com/article/ASUS-Responds-Angrily-To-Gigabyte-.html
The Bethesda, Md., company brought on networking veteranm Peter George as CEOlast month. Georgwe joins Fidelis from Boxborough information securit y company He helped growthe eight-year-olrd company to a $50 million employing 230 people. "It's a very exciting George said. "I've spent the last several years with Crossbeam workinf on preventingexternal threats, but Fidelisz is all about makinf sure sensitive data doesn't get While the 30-person shop will maintain a substantiak research and development presence in the D.C.
George and several top executives are shopping around for spaces inthe Burlington/Waltham area to house a few dozemn staff members for its executive headquarters. The company will move as soon a leasingh dealis inked, which it hopee will be soon. "I don't think it'as an accident that a lot of network security companiesd arelocated here," George "There are a lot of networking companiesx in the (Route) 128 belt. Now the issue is not just aboufthe network, it's about securing the network." Fidelis is one of severaol small companies vying for a piece of the ever-growing network security pie.
The data-leakage prevention portion of that marketg was expected to bebetween $120 million and $150 million in according to Stamford, Conn.'s Most of the companiesx with products in this segment are startupes like Fidelis, although the largest company, Vontu, was bought by Cupertino, Calif.'s Corp. in November for $350 Fidelis offers a product that prevents secure information from leavingthe institution'ds network. The company has sold mostly to governmentt andacademic institutions, including . Fidelis also recentlyg raised $22 million in a Seriees B round led by Boston firm . The funding round included Providence-basedc . The company received its first $4.
1 million in funding in June 2005. George woulf not disclose the company's citing government sensitivities, but said he expects Fidelis to double its manpowef this year to60 people. "We really thinki there's going to be a whole new generationj of spending on dataleakage protection," said Rick Ganongg of Tudor Ventures, who will be joining Fidelis' boared of directors. "We like Petefr a lot. We like what he did with and we hope he can do the same with George said some of the fundse would be going to establish a corporatde sales andmarketing force, including establishing a presencde in Europe.
The goal is to expandr sales toother sectors, including financial servicew and retail.
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