Click here to close now.


News Feed Item

BalaBit Secures $8M for Business-Friendly IT Security

C5 Capital Backs BalaBit in Global Growth, Including North America and Additional European Markets

NEW YORK, NY -- (Marketwired) -- 06/18/14 -- BalaBit (, a Europe-based IT security innovator, has raised a $8 million Series A round of funding to speed up the development and expansion of its pioneering IT security platforms. The new investment will be used to fuel BalaBit's international expansion in North America and additional European markets including the UK and Scandinavia. The cash was raised from London based C5 Capital, Europe's first dedicated investor in the security and data sector.

Using the strong financial backing by C5 Capital, BalaBit aims to aggressively establish its revolutionary new security concept called Contextual Security Intelligence™ on an international scale. Adopting new information technologies is the key factor of competitiveness today, and IT security is often complex for any company or organization. Security control can hinder IT projects and other business processes. In the last decade, companies invested significant amounts of money into monitoring technologies mainly for IT management and compliance reasons, but not for IT security. It seems that for companies today security means control, and this is what Contextual Security Intelligence aims to change and establish for business-friendly IT security.

"Control tools are often inefficient against human intelligence and behavior. Control is ideal to protect against automatic attacks executed by machines but often fails against individual behavior," said Zoltán Györkő, CEO and co-founder of BalaBit. "If IT security officers keep increasing the control, they will not be more successful in maintaining the required security level, and may encounter user resistance. Instead, they should explore what happens in their network and interfere if necessary. This is exactly what Contextual Security Intelligence is about. We are working hard to launch a new generation of IT security product to help companies focusing their security resources and replacing some old-school control tools, in the spirit of business efficiency."

Control failures are in today's headlines: Sony, Target, Adobe and eBay all had serious security breaches in spite of having sophisticated security controls. Often, the most costly data breaches are well-prepared crimes by insiders or by external attackers who gained internal access to get sensitive company data or infect the network.

"We believe that managing human risk is an under-invested part of information security. BalaBit offers a market-leading suite of products to address this threat. A core component of our investment approach is our 'all hands' engagement, which means we bring all our resources to bear for a small number of companies in order to actively drive value. BalaBit is a representative case as it seeks to launch new products and expands overseas," said Nazo Moosa, Managing Partner at C5 Capital. "We were drawn to BalaBit's first class software development talent and the team. In addition to building out the sales reach of the existing log management and IT security audit products, we are eager to capitalize on the technological innovations inside BalaBit."

BalaBit markets its security products in North America through a series of resellers and system integrators. The company also has strategic partnerships with several US-based security software vendors. To see a list of BalaBit channel partners, please visit BalaBit's Partner Site.

About C5 Capital
C5 Capital is Europe's first dedicated investor in the data and security sector, C5 Capital ( It focuses exclusively on this European market.

C5 makes transformational growth capital investments of $5 - $25 million in fast growing, profitable European companies that operate in the security and data sectors. In return, C5 Capital offers a high level of operational and board support, as well as access to a network of senior advisers and business partners.

Founded by Nazo Moosa, a former founding member of The Carlyle Group's European technology fund. The firm has a fund target of $125 million.

About BalaBit
BalaBit -- headquartered in Luxembourg -- is a European IT security innovator, specialized in advanced monitoring technologies. It has sales offices in France, Germany, Hungary, Russia, in the UK and the United States and partners in 40+ countries. The main development centers are based in Hungary. BalaBit has customers all over the world including 23 percent of the Fortune 100 companies. The company is widely-known for syslog-ng™, its open source log management solution, used by more than a million companies worldwide. This significant user base provides a solid ground for the business expansion which is fueled by Shell Control Box™, a pioneering development for the rapidly-growing niche of privileged activity monitoring market.

For more information, visit

BalaBit™, Shell Control Box™, syslog-ng™ and Contextual Security Intelligence™ are trademarks of BalaBit. All other product names mentioned herein are the trademarks of their respective owners.

Dan Chmielewski
Madison Alexander PR

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity....
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.