PacketMotion Secures $5 Million to Satisfy Strong Demand for Its User Activity Management Technology

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Mon Oct 26, 2009 7:00am EDT

Reservoir Venture Partners Joins Existing Investors in Funding PacketMotion
SAN JOSE, Calif.--(Business Wire)--
PacketMotion, pioneers of User Activity Management, today announced the closing
of a $5 million Series C Round of funding. Reservoir Venture Partners led the
financing, with additional contributions from all of PacketMotion`s existing
investors including Intel Capital, Mohr Davidow Ventures and Onset Ventures. 

PacketMotion will use the funds to expand its sales force and bolster marketing
in response to strong demand for its PacketSentry Manager and Probe that help
mid- to large-sized enterprises meet compliance/audit requirements and mitigate
insider security threats. 

"We`re backing PacketMotion because no other compliance or security product
offers the same ability to look at data at the application level while operating
at the network level," said Matthew Carbonara, general partner, Reservoir
Venture Partners. "Further, PacketMotion`s one-of-a-kind solution actually
delivers on what others have claimed in the past--it provides deep analysis and
enforcement of all transactions based on user activity, versus IP address. The
market opportunity is huge, and we want to help PacketMotion capitalize on it." 

PacketMotion`s solution avoids the use of agent software or in-line appliances,
both of which typically impact application availability and performance. IT and
security teams are able to integrate the PacketMotion solution in less than one
day, immediately lowering the costs associated with complying with regulations
such as PCI DSS, SOX and HIPAA. 

"Since we launched PacketSentry in early 2008, our solution has been resonating
with customers who need to do more with less," said Paul Smith, CEO,
PacketMotion. "This should be our last financing round as we move towards
expected profitability in 2010." 

About PacketMotion

PacketMotion, Inc. has pioneered the development of User Activity Management
(UAM) to drive IT audit and compliance efficiency. Recognized by Gartner as a
"Cool Vendor in Identity and Access Management, 2009", PacketMotion`s unique
approach to automating compliance and security avoids the use of agent software
or in-line appliances, both of which can affect application availability or
performance. IT and security teams are able to integrate the solution in less
than a day, immediately lowering costs associated with complying with
regulations such as PCI DSS, SOX and HIPAA. The solution also is simultaneously
used to manage risks from insider fraud and protect sensitive data. For more
information, visit www.packetmotion.com. 

About Reservoir Venture Partners

Reservoir Venture Partners is a venture capital firm specializing in investments
in seed and early stage companies. The firm typically invests in information
technology, biosciences and advanced materials manufacturing devices and
measurement. Within information technology, it focuses on business solutions,
systems software, security communications technology, and hardware and software
wireless solutions. The firm typically invests in companies with market size of
$500 million. Reservoir Venture Partners was founded in 2001 and is
headquartered in Columbus, Ohio. For more information, visit
www.reservoirvp.com.

Press/Analyst Contacts:
K/F Communications for PacketMotion
Margaret Pereira, 925-989-8109
margaret@kfcomm.com
Dave Fonkalsrud, 415-255-6506
dave@kfcomm.com



Copyright Business Wire 2009

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