Bradford Networks Raises $3 Million in Series C Financing, Led by Updata Partners

Posted by Tom Murphy on May 14th, 2012

Financing Round to Support Rapid Expansion; Enterprises Increasingly Turning to Network Access Control to Secure BYOD

CAMBRIDGE, MA – May 14, 2012 – Bradford Networks, the best choice to enable secure network access for corporate issued and personal mobile devices, today announced the closing of a $3 million round of financing.  Updata Partners led the round and was joined by Windspeed Ventures. The investment will support Bradford Networks’ rapid expansion into the healthcare and government markets, fueled by increasing demand for the company’s Network Sentry product as part of a comprehensive Bring-Your-Own-Device (BYOD) security approach.

According to Frost and Sullivan’s recent report, Analysis of the Network Access Control Market, the market for network access control (NAC) products is expected to reach $312 million by 2016.  The market growth is driven primarily by the BYOD trend and the need for businesses to secure personal devices on their corporate networks.  NAC has emerged as a critical part of a holistic technology approach to securing personal devices in the enterprise.

“The Network Access Control market saw tremendous growth in 2011, fueled in part by the introduction of personal devices in the enterprise.  BYOD has left many organizations searching for a secure way to introduce these devices onto their networks.  Increasingly, they’re turning to Bradford Networks as the solution,” said Dan Haley, CEO of Bradford Networks.  “This round of funding provides the resources needed to accelerate adoption of Network Sentry as the backbone of a comprehensive BYOD solution.”

Unlike corporate-issued devices, which are well-managed and under IT control, BYOD initiatives introduce a unique set of security challenges that requires a balance of flexibility, visibility and security.  Network Sentry is the first network security offering that automatically identifies and profiles all devices and users on a network, providing complete visibility and control. The platform features the first App that enables secure network access for trusted iPads, iPhones and other Apple devices.  Network Sentry can also differentiate between corporate and personal assets, provisioning network access accordingly.

“We’re excited about the progress demonstrated by Bradford Networks over the past year.  The company’s rapidly growing enterprise customer base is a demonstration of its continued technology excellence and ability to solve the most difficult network challenges,” said Carter Griffin, General Partner, Updata Partners.  “As the demand for NAC solutions continues to grow, we firmly believe that Bradford Networks can be the undisputed leader in this market.

Bradford Networks - BYOD

Bradford Networks offers the best solution to enable secure network access for corporate issued and personal mobile devices. The company's flexible Network Sentry platform is the first network security offering that can automatically identify and profile all devices and all users on a network, providing complete visibility and control. Unlike vendor-specific network security products, Network Sentry provides a view across all brands of network equipment and connecting devices eliminating the network blind spots that can introduce risk.

Bradford Networks - Network Sentry/RTR

Network Sentry/RTR minimizes a threat's impact and the response time for remediation. Network Sentry/RTR leverages its unique Live Inventory of Network Connections (LINC) to automatically correlate high fidelity security alerts from the leading firewall and Advanced Threat Detection solutions, including FireEye, Fortinet, and Palo Alto Networks, with detailed contextual information on compromised endpoints, users and applications. Once identified, Network Sentry/RTR triggers an automated response, based on the severity and business criticality of the incident, to contain compromised devices in real time. Network Sentry/RTR also provides detailed historical information on all network connections, giving security experts unprecedented forensics to help fully understand and investigate the threat's methodology, lifecycle and scope.

Bradford Networks Pitches a Perfect Game for the Miami Marlins

Marlins Park is the spectacular new home of the Miami Marlins baseball team.

Throughout the ballpark there are thousands of different IP devices that are used to run the facility and venue events - including ATM machines, televisions and menu boards, LED display boards, point of sale terminals, sound systems, as well as PCs and laptops used by Marlins staff. For each game there can also be anywhere from 20 to 80 radio and television station personnel who need network access in order to broadcast the games. In addition to the sheer volume and variety, equipment is constantly being added and moved around the ballpark.

Hear how Bradford Networks' Networks Sentry secures the Miami Marlin's ballpark, providing secure, automated networks provisioning for thousands of infrastructure devices.