Netsec wins funding

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.

"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.

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.

Founded in 1998 and based in Herndon, Va., Netsec is a privately held company specializing in managed security services. *

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