Baring Private Equity has invested $4 million in NeoAccel, a San Jose, California-based, next-generation Internet security solutions company. It’s Series A3 venture funding round of NeoAccel. The company makes security software solutions for virtual private networks, and its flagship product is expected to be launched at next week’s Interop Las Vegas 2006.

Baring’s investment follows earlier Series A2 investments from NTT Leasing and technology angel investors like Prabhu Goel (Verilog inventor), Sabeer Bhatia (Hotmail.com founder) and a Series A1 investment from NextStar Venture, the investment company of Michel Susai, CEO of NeoAccel, and founder and former Chairman and CEO of NetScaler (now Citrix NetScaler). VPN market is said to be worth $3.2 billion.

Go to press release.

Posted on 04/29/06, 5:09 PM
in: Deals, Main Page, Technology, Venture Capital
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