SkyRecon Systems announces that the company has finalized its second round financing of 6,5 million dollars, led by Ventech and ACE Management. This second round of fundraising will support company development in the United States of America.

SkyRecon realized its first round financing of 3 million euros in the summer of 2005. This first round of fundraising was realized by ACE Management for three of their investment funds, and enabled SkyRecon to accelerate its growth by expanding its presence in the EMEA. 

“SkyRecon Systems offers important growth potential. The company maintains a recognized technological advance and this second investment carried out today proves the accuracy of our initial choice.” Gilles Daguet, Investment Director, ACE Management.

Beginning in 2004 with the marketing of StormShield, its behavioral-based technology flagship product, SkyRecon has strongly positioned itself as the forerunner in the endpoint security market. Maintaining from the very start that the endpoint represents the weakest link in every organization’s network, and by offering effective, innovative solutions to make this vulnerable information access point secure, SkyRecon has led the way to a new marketing segment. Today the StormShield Security Software Suite is deployed within the largest European organizations. The suite includes four modules:

StormShield Endpoint Security Agent (ESA)
Proactive endpoint protection (protects against unknown threats and controls PC use)

StormShield Dynamic Policy Enforcement (DPE)
Policy enforcement, network access control and remediation

StormShield Device Control System (DCS)
Removable media and wireless access points control

StormShield Flexible Data Encryption (FDE)
Critical data protection

“More than 100 large European accounts have chosen StormShield to secure their endpoints. This solution represents a technological breakthrough which allowed us to bring an unexpected level of security to the market compared to the traditional existing solutions,” says Ravy Truchot, President and CEO, SkyRecon Systems. “This fundraising will enable us to accelerate our ambitious international development to become a recognized player in the global IT security market.”

SkyRecon has already confirmed its leading position in the EMEA. This second round of funding will be used primarily to support the company’s development in the United States. SkyRecon has thus opened its North-American headquarters in Silicon Valley. The company also continues to finance its R&D efforts to maintain its technological advance and continue offering its innovative technology to this new market.

“SkyRecon fulfills all the criteria that a capital investor expects from a strong, young company with potential: a focus on the security market which is in strong progression, prestigious customers, partnerships with major global players like Microsoft and Juniper, and an outstanding revenue growth associated with a professional and industrialized approach. This very young company has all the characteristics of a future large company.” Eric Huet, General Partner, Ventech.
   
 

About ACE Management
ACE Management advices and runs several investment funds specialised in the high-tech sector: Advance Capital Europe, UFF Innovation 3, 123 Multinova, Aerofund, Sécurité and Financière de Brienne. ACE Management invests in innovative companies. ACE Management has established high quality networks among experts and research centers in high technology fields providing them with a key success factor and a strong upstream visibility in these areas. Information on: www.acemanagement.fr

About SkyRecon Systems
SkyRecon Systems is the European premier software vendor of endpoint advanced security solutions. SkyRecon’s mission is to ensure business continuity for each employee, ensuring data and applications integrity and reliability on each client workstation, being sedentary or nomad. SkyRecon thus offers all means to protect any organization against theft, loss or corruption of critical data caused by viruses, hackers or non compliant operations. SkyRecon's StormShield protects proactively PCs from system hijacking, information theft and user disruption caused by unknown viruses, hackers or unauthorized operations.
SkyRecon's customers include leading corporations and non-profit organizations in every sector of the economy, such as Aegis Media, Agrana, Aviva, Crédit Agricole, Daher, Durex, GMF, FN Manufacturing, French Ministry of Finance, Henry Schein, Lazard Bank, London Borough of Enfield, UK Office of Government Commerce. SkyRecon has sealed several partnerships with key global players and is sponsored by Microsoft.
In 2006, SkyRecon Systems has received the prestigious Red Herring 100 Award and has been named "EMEA Entrepreneurial Security Company of the Year" by Frost & Sullivan.
SkyRecon Systems serves customers in 40 countries and 3 continents.

About Ventech
Ventech is a leading French venture capital firm investing in early stage companies in the IT & communications and biotechnology sectors in France and Continental Europe. Currently managing funds totaling 300 million €, Ventech’s team targets ambitious projects which have the potential to become global leaders and uses its experience in operations and private equity, start-up companies and high-growth businesses to generate results.
For more information, log on to www.ventech.fr