PortAuthority Technologies Raises Additional Round of Funding

Sep 26, 2006

PortAuthority Technologies, Inc., a provider of Information Leak Prevention (ILP), has announced it has closed its latest round of funding, raising approximately $18 million. New Enterprise Associates (NEA) led the investment round, with full pro-rata participation by Sequoia Capital, Greylock Partners, and Lexington Ventures, the company's previous investors. In addition to the financing, which will go toward funding the company's sales and marketing expansion, PortAuthority Technologies has also announced that Krishna "Kittu" Kolluri will represent NEA on the company's board of directors.

(www.nea.com; www.portauthoritytech.com)