Press Release
Agiliance Secures Investment from Intel Capital
Mountain View, CA – Nov. 7 2006 — Agiliance, a leading provider of security risk and compliance management solutions, today announced that Intel Capital has invested in its recently concluded and oversubscribed Series B round. Intel Capital joins recently announced investors Walden International and Red Rock Ventures.
“We are very excited to see Intel Capital come on board as an investor,” said CEO Pravin Kothari, founder of Agiliance. “Intel Capital is one of the most important strategic investors in the high tech industry. We are pleased that our risk-based approach to security and compliance management has generated interest in the customer and investment community alike.”
“Agiliance has developed a compelling solution that helps to address a challenge many information security and compliance executives face at Fortune 2000 companies,” said Sean Cunningham, Director, Strategic Investments, Intel Capital. “We look forward to working with Pravin and his team at Agiliance, as the company begins to grow its initial customer base.”
The Agiliance solution enables organizations to analyze and decrease security risk, achieve continuous visibility of risk and compliance, and reduce the cost of complying with internal and external requirements. Its solution allows organizations to comply with government regulations and industry mandates by leveraging industry frameworks such as ISO 17799/27001, CobiT, FFIEC and NIST 800-53. The solution also enables organizations to continuously assess, correlate and quantify risk arising from compliance-related issues as well as other external factors, such as vulnerabilities, threats and incidents. Armed with this key information, users can easily prioritize risk mitigation and focus on risks that matter the most.
About Intel Capital
Intel Capital, Intel’s venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
About Agiliance
Agiliance, a leader in Security Risk and Compliance Management, provides an integrated, standards-based solution that enables enterprises to effectively analyze and decrease security risk, achieve continuous visibility of risk and compliance, and significantly reduce the cost of compliance with regulations and security policies. Agiliance’s holistic risk-based solution integrates processes, applications, IT assets, physical assets, employees and vendors, allowing organizations to comply with government regulations (e.g., Sarbanes-Oxley 404, HIPAA, GLBA and FISMA), industry mandates (e.g., SAS 70 and PCI), standards and frameworks (e.g., ISO 17799/27001, CobiT, FFIEC and NIST), as well as corporate policies. Agiliance is based in Mountain View, CA and can be reached at www.agiliance.com.
# # #
All trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.