eEye Digital Security Obtains $9 Million in Series C Funding

Insight Venture Partners backs leader in proactive network security software

(ALISO VIEJO, CA) December 9, 2002 — eEye Digital Security, an award-winning and recognized leader in proactive security software technology focused on vulnerability assessment and network protection, today announced it has raised a total of $9 million in the company's Series C financing round. Insight Venture Partners lead the investment round.

"Since its founding, eEye has succeeded in delivering a portfolio of best-of-breed security software while maintaining profitable and growing operations," said Marwan Naja, Co-CEO and CFO of eEye. "The investment partnership with Insight provides eEye with the means to more aggressively grow our sales delivery to large enterprises, expand our global coverage to better serve our larger clients and to grow our product base as well."

The Series C funding will be applied towards accelerating the ongoing growth of the company's operations, expanding product development infrastructure, building alternative distribution channels, as well as increasing the existing customer base.

• Launch additional sales and support offices in North America
• Expand current European presence
• Grow eEye’s leadership position in vulnerability assessment through further investments in the newly launched Enterprise Vulnerability Assessment (EVA) solution.
• Prepare for the launch of eEye’s revolutionary new product, Blink™ Intrusion Prevention System.

"We are extremely excited about our investment in eEye. In addition to extremely strong financial and operational fundamentals, this is a company that has demonstrated leadership in network security through some of the most important vulnerability research and pioneering product development in the growing vulnerability assessment segment," said Scott Maxwell, a Managing Director at Insight Venture Partners who will be joining eEye’s board along with Michael Triplett, a Principal at Insight.

About Insight Venture Partners
Insight Venture Partners, with over $1 billion in funds under management, is the leading venture capital firm specializing in enterprise software companies. Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. Headquartered in New York, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. More information on Insight is available at http://www.insightpartners.com.

About eEye Digital Security

eEye Digital Security is the global leader in a new class of security solutions: comprehensive vulnerability management and zero-day endpoint security protection. eEye enables secure computing through world-renowned research and innovative technology, supplying the world's largest businesses with an integrated and research-driven vulnerability assessment, intrusion prevention, and client security solution. eEye's research team is consistently the first to identify new threats in the wild and our products leverage that research to deliver the insights and tools necessary to protect our customer's operating environments. For more information, please visit http://www.eeye.com

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