NCircle, a corporate network security company, buys Cambia, and raises $5M
NCircle, a San Francisco network security appliance company, has acquired Cambia Security, of Alpharetta, Ga, a provider of compliance management equipment.
See announcement here.
NCircle has also raised $5 million more in capital, according to VentureWire:
The all-stock transaction will give shareholders of Cambia a 15% stake in nCircle, making JK&B Capital, Cambia’s largest shareholder, one of nCircle’s four largest shareholders, according to Abe Kleinfeld, president and chief executive of nCircle, who declined to provide the value of the transaction.
NCircle makes appliances that can be hooked up to a network to check all the equipment, even phones and printers, for security vulnerabilities…
Menlo Ventures, BV Capital and Alta Partners also invested.
(originally published 5/24)
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
