Catbird announced that Medina Capital had invested a further US$10 million into the digital-security company. Medina Capital is a private equity firm that targets its funding operations in companies of the IT-infrastructure industry. Medina Capital's latest investment raises its total funding commitment in Catbird to US$12 million.
Catbird had planned to utilize the new funding in accelerating its go-to-market strategy. They intend to use the funds to expand their sales and marketing operations. The company also looks to further improve its virtualization-security products.
Terremark founder and Medina Capital managing partner, Manuel Medina, said that their security products stood to benefit from a new trend where software-based solutions are becoming the new standard for the data center sector.
"Catbird's groundbreaking approach to enabling comprehensive compliance enforcement through a single product is exactly what customers require for their mission-critical operations in virtual and cloud environments," Mr. Medina explained. "Within the next five years, software-defined security will largely replace physical appliances as the de facto approach to securing next-generation data centers. The combination of Catbird's leading-edge technology, its team and the market opportunity made for a highly-attractive investment."
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