|[January 17, 2017]
OPAQ Networks Launches With $21 Million in Series A Funding
OPAQ Networks, a post-revenue Network Security-as-a-Service (NSaaS)
company, today announced it was formed with $21 million in Series A
funding. Washington, D.C.-based Columbia Capital, a venture capital
franchise focused on high-growth companies, led the round with Harmony
Partners and Zero-G Inc. The new funding will accelerate OPAQ Networks'
research and development, operations, and customer growth in the
The rapidly-evolving cybersecurity landscape has led organizations to
defend their networks with numerous point solutions, which are complex,
time-intensive to maintain, and impair network performance. This is a
real challenge for small- and medium-sized businesses and highly
distributed organizations that are resource-constrained. OPAQ Networks
simplifies, centralizes and secures networks by combining networking and
a best-of-breed security stack into a single service that organizations
can turn on and scale instantly.
Industry analysts see a market demand for cloud-based network security
solutions. According to Gartner (News - Alert), by 2018, 60 percent of enterprises that
implement appropriate cloud visibility and control tools will experience
one-third fewer security failures. "So much focus has been on what
security solution to use to address particular risks, but how security
is delivered is equally important. That balance is the focus of OPAQ
Networks," said Daniel Cummins, analyst at 451 Research (News - Alert). "Centralized
visibility and security policy management across distributed network
assets-from datacenters, cloud-based SaaS applications to branch offices
and mobile devices-are features in high demand; IT and security
executives who are entrusted to keep a tight reign on risk and
reputation need simplified and coordinated security controls and easily
managed means of enforcement."
OPAQ Netwoks' launch builds on the acquisition of Bat Blue Networks,
which was recognized by Gartner in its July 2016 Hype Cycle on
Infrastructure Protection. A combination of an experienced management
team, established client base, mature cloud security management platform
and intellectual property bolster OPAQ's plans to disrupt the network
"We take the work out of networking and network security for clients.
Our platform means no more complex and costly product upgrades,
maintenance, or management," said Glenn Hazard, chief executive officer,
OPAQ Networks. "Rather than backhauling traffic behind the security
perimeter, we extend network security controls to the location, user and
device. It's our vision to build a new ecosystem for network cyber
Harnessing the Power of the Cloud to Deliver Security
Whether utilizing in-house resources or a Managed Security Services
Provider (MSSP), most organizations take a product-centric approach to
networking and security, which has resulted in overwhelming complexity
QuaEra Insights, an advisory firm that helps optimize business decisions
using scientific and quantitative analysis of data, leverages the OPAQ
Networks management platform to reduce costs while tightening security
control over their distributed network.
"OPAQ's platform made it easy for us to control everything in our
network, and we saw an improvement in network performance, " said Larry
Blakeman, chief operating officer, QuaEra Insights. "With the scale and
sophistication of threats like ransomware, combined with the increase in
mobile users, cloud-based applications, and the Internet of Things
(IoT), a comprehensive security solution was critical for managing our
Serial entrepreneurs Glenn Hazard and Ken Ammon are teaming up again to
lead OPAQ Networks. Prior to OPAQ, Hazard successfully launched six
companies. Ammon, the former founder and president of the global Managed
Security Services Provider NetSec, will serve as OPAQ's chief strategy
officer. Hazard and Ammon previously teamed to lead the privileged
access management pioneer Xceedium, Inc., which was successfully
acquired by CA (News - Alert) Technologies in 2015.
To learn more about OPAQ Networks, visit www.opaqnetworks.com.
About OPAQ Networks
OPAQ Networks breaks the traditional security mold with its
cloud-based service that empowers organizations to simplify, centralize,
and secure their networks. OPAQ Networks' management platform
integrates networking and security in a way that reduces complexity and
costs, tightens security control, and establishes a truly agile
infrastructure that allows them to more easily keep ahead of emerging
threats and instantly adapt to business and regulatory requirements.
Based in Northern Virginia, OPAQ Networks is a privately held
company that has earned the trust of reputable brands.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117005019/en/
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