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Reconnex Connects With $5.8M

Security startup Reconnex this week raised $5.8 million in Series B funding. The company plans to double its size in 2005.

The deal, led by existing investors Norwest Venture Partners and Outlook Ventures, brings Reconnexs total funding to $11.3 million.

Security vendors are a dime a dozen at the moment, but the Reconnex story is somewhat different. Whereas most security firms are focused on technologies such as firewalls and gateways that protect enterprise systems from external threats, Reconnex targets internal security breaches.

Reconnex’s core technology is the inSight platform, which consists of the iGuard security appliance and the iController, a content registration server. The iGuard monitors information flowing over a corporate network and checks it against a list of sensitive internal data held on the iController. This enables a company to identify whether anyone is attempting to leak critical data.

Apparently, that scenario is all too common. The challenge of securing internal networks was a major talking point at this publication's Next-Generation Data Center Forum event last week in New York. Many firms struggle to deal with security breaches caused, either deliberately or accidentally, by their own employees.

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