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Bradford Networks Secures $2 Million Series A Financing
Growing Market Opportunity for Network Access Control Fuels Investor Support
Concord,
NH – August 21, 2006 - Bradford Networks, provider of
comprehensive network access control (NAC) solutions, today
announced that it has secured $2 million in Series A funding.
The round was led by Windspeed Ventures. The capital will be
used to build upon Bradford’s current success and traction
in the competitive and dynamic network security marketplace;
drive the development of the Company’s infrastructure
and expand sales and marketing activities to capitalize on
the rapidly growing market for network access control solutions.
“Bradford Networks provides a comprehensive security
solution to the challenging problem of network access control,” said
John Bullock, Managing Partner and founder of Windspeed Ventures. “IT
organizations within the education vertical are struggling
to deliver secure network access in highly active college and
university environments. With the accelerating trends of mobile
workforces and outsourcing, IT teams in the healthcare, enterprise
and state/local government markets are rapidly coming under
similar pressures. The visionary Bradford team has delivered
a powerful, pragmatic product that solves real-world security
problems.”
Bradford Networks’ innovative Campus Manager product
line delivers the three key elements of effective NAC solutions
- end point security, identity management and usage policy
enforcement – in a single integrated solution. Campus
Manager’s out-of-band architecture lets IT teams implement
Campus Manager at any time and leverages existing multi-vendor
network infrastructures to deliver automated security services
without the need for costly infrastructure upgrades.
"We're very pleased to receive venture funding to fuel
the growth of our vision for delivering comprehensive NAC solutions," said
Mike Gadoury, CEO of Bradford Networks. "Our mission is
to deliver innovative solutions that solve real-world security
challenges and allow our customers to leverage their current
multi-vendor network infrastructure. With the support of Windspeed
Ventures, we're making that goal a reality."
About Bradford Networks
Bradford Networks is dedicated to delivering innovative
network access control solutions that allow our customers to
secure their multi-vendor networks by automating monitoring
and control of network clients and devices. Learn more about
Bradford Networks at www.bradfordnetworks.com
About Windspeed Ventures
Windspeed Ventures is a Boston-area based early and seed
stage venture firm that actively helps build high technology
companies in the communications, security, media and internet
services industries. The Windspeed team consists of all former
entrepreneurs whose goal is to share their relevant operating
experience in building value in early stage businesses. For
more information visit: www.wsventures.com
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