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Vericept Content With $12.5M

Security startup Vericept Corp. has clinched $12.5 million in new financing to support the rollout of its content monitoring and compliance products.

The company is unwilling to divulge exactly how much money it has amassed since it was founded in 1999, but Brett Schklar, Vericepts senior product and marketing director, tells NDCF that existing investors Sigma Partners, William Blair Capital Partners, Sequel Venture Partners, and Visa International were all involved in the latest round. It was led by a new investor, Globespan Capital Partners.

The Englewood, Colo., firm develops software that monitors data traffic across the network, identifies risks, and assesses compliance with regulations such as Sarbanes-Oxley and the Health Insurance Portability and Accountability Act (HIPAA). The software sits on top of a dedicated server that attaches to the spam port on a switch.

The products come as a pure software offering, although the company can also pre-install them on a Dell Computer Corp. (Nasdaq: DELL) server.

Schklar says Vericept will use its influx of cash for “fairly aggressive sales and marketing growth.” This will include expanding the company’s sales organization and launching a number of marketing programs and events.

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