American Express invests in Ingrian Networks

American Express invests in Ingrian Networks

Security network provider Ingrian Networks has raised $22 million in second-round financing from American Express, Prism Venture Partners, Jafco Ventures and Partech International.

These new investors join existing investors Bill Joy, co-founder and chief scientist of Sun Microsystems, Andy Bechtolsheim, founder of Granite Systems, and Roy Thiele-Sardina, co-founder of Tasmania Networks who also invested in the round, bringing the company's total funding over two rounds to more than $26 million.

Ingrian Networks says the new funding will be used to further develop its platforms, expand its operations and increase its sales and marketing efforts.

The company is also adding three members to its board of directors: Jack Sweeney, general partner of Prism Venture Partners, Jon Callaghan, managing director of Jafco Ventures, and Glenn Solomon, general partner of Partech International.

Pierric Beckert, senior vice president, investments and business development, American Express, says: "We chose to invest in Ingrian Networks because we believe that the company's platforms can effectively address the Internet data security needs that leading companies require and that online customers expect."

The Ingrian Networks platform secures data on Web servers and databases by using key management and security technologies based on widely adopted encryption standards. These capabilities provide an additional, independent layer of defensive measures against attacks by hackers, viruses and Internet worms such as Nimda and Code Red, says the company.

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