Untangle raises $8 million round to expand overseas for open-source security appliances
Untangle has raised $8 million in a second round of funding for an overseas expansion of its open-source networking and security business.
Investors include CMEA Ventures and Rustic Canyon Ventures, the same companies that invested $10.5 million Untangle’s first round of funding, according to VentureWire. (Our previous coverage of Untangle is here).
The company has raised about $20 million to date. Based in San Mateo, Calif. and founded in 2005, the company makes network and security appliances… Continue Reading
Aventail, a VPN company, sells to SonicWall for $25M
Aventail, a Seattle, Washington provider of technology that allows employees to remotely access their corporate network, has agreed to be acquired by SonicWall of Sunnyvale, Calif. for $25 million in cash.
See statement here.
While Aventail saw revenues of $18 million last year, it wasn’t profitable.
Over the past eleven years, Aventail had raised about $110 million from venture capitalists and strategic investors, including Oak Investment Partners, Trinity Ventures and many others.