Security

Security tech firm Verdasys rebrands as Digital Guardian while raising $20M

Digital Guardian

Above: Digital Guardian

Image Credit: Digital Guardian

Security tech firm Verdasys is rebranding itself as Digital Guardian under new chief executive Ken Levine. He’s also in the midst of raising a $20 million round of funding.

The company is making the announcement at the beginning of the Black Hat security conference in Las Vegas this week. Digital Guardian is the name of Verdasys’ flagship product, which guards data from both outside attacks and internal attacks.

Levine, a former McAfee executive, has been at the company for a few months and he says he has increased sales growth and hired new people, including several former McAfee officials, for Digital Guardian’s management team.

Levine previously started a company called NitroSecurity, which was acquired by McAfee a few years ago. His brother is Bob Levine, co-founder and former CEO of Cabletron. Levine says that he wants to outdo his brother by building Digital Guardian.

“This is much more than a name change, it’s a strong message to the security marketplace that we intend to elevate data protection to the top of the IT security checklist,” said Levine. “The network perimeter has been dissolving, and while a layered approach is warranted, it’s really all about the data and securing it first — that’s what Digital Guardian does.”

Digital Guardian uses a single endpoint agent to defend against both insider and outside threats. The company evolved the product from protecting against internal threats to dealing with external attacks as well. It will demonstrate this ability at Black Hat.

“The industry has ignored the data layer too long. Insiders and cyber criminals are getting more sophisticated so it’s more important than ever to protect critical data at all costs,” added Levine. “For over ten years, Verdasys has been helping solve some of the toughest intellectual property security challenges for the world’s biggest companies. Now, as Digital Guardian, our mission is to bring this same level of data protection to thousands of other companies worldwide that are facing insider and advanced outsider threats at an alarming rate.”

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