Investment Aimed at Accelerating Growth of Software-Defined Security
SCOTTS VALLEY, CA – (July 25th, 2013) - Catbird®, the leader in Software-defined Security for Virtual Infrastructure, today announced that it has secured a $10 million investment from Medina Capital, a high-growth equity investment firm focused on the IT infrastructure sector. The company plans to use the new funding to accelerate its global go-to-market strategy with expanded sales and marketing; to further develop its virtualization security solution; and to continue its technology leadership. This investment brings Medina’s total investment in Catbird to $12 million.
Medina Capital’s team of technology leaders will apply their substantial experience and expertise in the cloud security sector to advise on many aspects of the company’s operations, including lead generation, product development and operations.
“Software-based solutions are the new standard in the data center, with security standing to benefit dramatically from this evolution. Catbird's groundbreaking approach to enabling comprehensive compliance enforcement through a single product is exactly what customers require for their mission-critical operations in virtual and cloud environments,” said Manuel D. Medina, Founding and Managing Partner of Medina Capital. “Within the next five years, software-defined security will largely replace physical appliances as the de facto approach to securing next-generation datacenters. The combination of Catbird’s leading-edge technology, its team and the market opportunity made for a highly-attractive investment.”
“Security is the number one inhibitor preventing organizations from adopting virtualized data centers and Catbird has solved this complex problem in a very elegant way,” said Edmundo Costa, Catbird CEO. “Network security can leverage the power of software-defined architecture to enforce compliance by working directly with the network fabric for better protection and scalability – massively accelerating the wide-scale deployment of cloud-based infrastructure.”
“Medina Capital’s investment and their strategic guidance will be key to the continued development of Catbird’s vSecurity,” continued Costa. “Leveraging their vast experience in working with global enterprises and government agencies, as well as developing industry-leading products, will be instrumental to our continued growth.”
Silicon Valley-based Catbird is the leading company delivering an entirely software-based security solution, vSecurity®, built specifically for the new software-defined data center. Catbird’s software utilizes the power and architecture of virtual and cloud systems to deploy network security controls that are more agile and precise than physical network appliances. Catbird customers include top firms in banking, insurance, healthcare and technology, as well as government agencies.
Catbird’s vSecurity integrates virtualized network security directly with the hypervisor, orchestrating security data for complete software-based protection. With more virtualized controls than any other product in the market, Catbird’s solution monitors and enforces a range of regulatory standards including PCI, HIPAA and NIST. vSecurity also provides positive assurance of control, an essential requirement for any regulated enterprise or agency.
Catbird® is a pioneer and leader in software-defined security for virtual infrastructure. Catbird’s software suite of products was designed from the ground up to provide visibility into and protection of private clouds and virtual Data Centers, and is available for both VMware and OpenStack.
About Medina Capital
Medina Capital is a high-growth equity investment firm focused on IT infrastructure companies in areas such as cloud computing, cybersecurity, big data, software-defined security and software-defined networking. The firm's philosophy emphasizes investing in high-growth companies with established products or services that will benefit from Medina Capital’s strategic guidance. For more information about Medina Capital, please visit MedinaCapital.com.