Netsec secures funding, names new leader

Network Security Technologies Corp. has raised $10 million in additional financing from Mobius Venture Capital and ArrowPath Venture Capital to expand its focus on global enterprise and government customers, the company announced today.

"Building on Netsec's success to date will allow the company to be a long-term leader in the security services industry, and we are excited about the growth opportunities," said D. Rex Golding, managing director of Mobius. "With this latest investment, Netsec is clearly poised for its next stage of growth."

Netsec also has appointed Glenn Hazard as chairman and chief executive officer. Hazard helped secure the funding to support the demand for managed and professional security services.

"Despite the economic climate, Netsec is continuing to secure new customers, while growing its relationships with existing federal and enterprise clients," Hazard said.

Founded in 1998 and based in Herndon, Va., Netsec is a privately held company specializing in managed security services for global enterprise corporations and federal agencies.


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our June 7 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.