SS8 SECURES SERIES ADDITIONAL ROUND OF VENTURE CAPITAL FUNDING
Industry Leader Sights Set on Further Developing Best-of-Breed Interception and Surveillance Solutions
MILPITAS, CA, June 12, 2009 – SS8 (SS8 Networks, Inc.) announced today that it has secured a significant round of financing, enabling continued advancements in IP interception and analysis capabilities. All of SS8’s current investors participated in the round, including W Capital Partners, Kleiner Perkins Caufield and Byers, ONSET Ventures, Protostar Partners, and Woodside Fund.
With the secured funding, SS8 will look to enhance their already robust interception and surveillance solution set. “It’s a tremendous vote of confidence from our investors to secure financing in this economic climate,” says Dennis Haar, CEO of SS8. “Our momentum in the communication interception and surveillance markets and our continued global growth are compelling arguments.” SS8 has experienced intensified growth internationally, specifically in the Middle East and APAC regions. The infusion of capital will enable further enhancements to their industry leading end-to-end IP solutions.
About Investors
W Capital is a leading provider of private equity liquidity management, with over $1 billion of invested capital under management. Woodside Fund is a leading venture capital firm that excels in developing early-stage technology companies. Kleiner Perkins Caufield and Byers have helped fund over 475 companies, including Amazon, Sun, Genentech, Intuit, Verisign and Google. ONSET Ventures focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors. Protostar Partners offers a balanced mix of strategic insight, operational capabilities and financial expertise, and is exclusively focused on building middle-market leaders.