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Summit Partners takes minority stake in NetWitness Corp.
Herndon, VA-based NetWitness Corp., the threat intelligence and network forensics specialist, reports that it has received an investment from Summit Partners, the Boston, MA-based equity firm.
The investment, says NetWitness, will be used to “fund additional technology acquisitions and other strategic initiatives related to the company’s industry-leading network security technology.”
NetWitness characterizes its offerings as providing an alternative to legacy network monitoring tools that cannot address the current threat environment.
“Raising capital from Summit is a strategic move for NetWitness that will help us to acquire and develop additional innovative technologies and widen our competitive edge in defining the next generation of network security, Nick Lantuh, president of the company, said in a statement.
Summit’s other investments in the security market include McAfee, Postini (acquired by Google), SafeBoot (acquired by McAfee), and Sybari Software (acquired by Microsoft), according to a NetWitness statement.