EDINBURGH, Scotland, November 16, 2015 /PRNewswire/ --
Security software provider in expansion mode following international contract wins
Corporations face increasing internal data and IP risk
ZoneFox, the security software specialist, is gearing up for further growth in the UK and internationally on the back of its latest funding round and winning a number of contracts in the technology and financial services sectors. ZoneFox, headquartered at tech incubator CodeBase, specialises in helping customers protect their business-critical assets, data and IP in order to safeguard reputation, revenues and competitive advantage due to theft or data loss threats inside the organisation.
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In October, ZoneFox secured a $1million (£650,000) round and announced its latest contract win with security and infrastructure provider, Seric Systems. The funding round will be used to scale the sales and marketing function as ZoneFox expands in the UK and internationally. ZoneFox's threat detection platform allows companies to quickly identify when information is being stolen from within the organisation, with customers including high tech-manufacturers, banks and games developers.
ZoneFox is set to release v2.5 later this year, building on its existing best-of-class monitoring and tracking functionality and optimised to provide higher ROI. Future versions set for release in 2016 will include a Mac agent and a machine learning component that will automatically identify malicious behaviours.
Jamie Graves, CEO and co-founder of ZoneFox, said: "We have the best product in the market to detect and respond to internal security threats and in a quicker and easier way than ever before. A week does not pass without some large corporation admitting to compromised data and the value destruction that goes with it. This trend equates to a massive market opportunity for us as we start to really scale the business and enter our next phase of growth."
Stuart Macdonald, Managing Director of Seric Systems, said: "We are delighted to be entering into this strategic relationship with ZoneFox. Having the right technology partners to assist our clients in reducing their risks is of the utmost importance to us. ZoneFox is a world class solution, which fits extremely well into our security portfolio and will add real value to our clients."
Founded in 2010 as a spin-out from Edinburgh's Napier University, ZoneFox is a highly innovative Endpoint Monitoring and Insider Threat Detection solution that helps customers protect their business-critical assets, namely data and intellectual property (IP) with a proven track record of protecting reputation, sales revenue and competitive advantage by providing next generation data monitoring.
In June, ZoneFox was voted as one of the UK's top information security innovator startup businesses by the Department of Business Innovation and Skills, techUK and Infosecurity Europe.
The recent funding round of $1million (£650,000) was closed on 1st October, with investors including Archangel, TRICap and the Scottish Investment Bank (SIB).
For further information:
Nick Freer Mob: +44 (0)7841 571 871nick@freerconsultancy.com
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