July 27, 2011
By the ZippyCart Content Team
WhiteHat Security, a leading online security firm specializing in ecommerce solutions, financial institutions, and healthcare outfits has announced that they’ve raised eight million dollars in investment funding from Investor Growth Capital (IGC). IGC specializes in growing organizations organically from the inside out, giving them the capital and guidance that they need to reach the next level.
WhiteHat CEO Stephanie Fohn said this of the deal:
“We are pleased to bring on board a long-term focused, growth investor with years of experience backing high-growth software and technology firms. For WhiteHat Security, this investment is the right step to fuel our growth as the Web security market expands and is a great validation of our industry-leading work.”
Online security is a major issue for anyone with an online presence. Ecommerce solutions want their consumers to know that they can shop with confidence. Financial institutions need their clients’ information and holdings to stay safe. Healthcare organizations have massive amounts of very sensitive information that they can’t afford to lose. Still reeling from the onslaughts unleashed on Sony and others by hackers only weeks ago, many industries are wondering “Could I be next?”
IGC’s Brian Mulvey, a VP, echoed these sentiments:
“Web security is suddenly top of mind for every CEO in the country — in reality the threat has been growing for years. WhiteHat’s leadership team recognized this early on and has been out in front of the market. The company has shown that their vision for Web security is the only scalable way for companies to manage these threats and WhiteHat is ideally positioned to lead the next generation of security companies. We are very enthusiastic to be leading this new round of funding.”
When choosing an ecommerce solution or shopping cart software for your business, no matter how large or small it is, safety and security are factors. You might not be able to hire a large scale security firm like WhiteHat, but you can find many great ecommerce solutions with security features that will allow your shoppers to make purchases with confidence, knowing that they will be free from fraudulent charges and other types of cybercrime.
Jack Cieslak grew up in New York State where he attended the New School, emerging with a degree in Creative Writing. Seattle drew him in with its focus on personal health and fitness, as well as the environment, and of course the great weather. Three-thousand miles later he is all dug in and ready to throw himself wholeheartedly into writing of all types - including reporting new developments in e-commerce, and places where social media and e-commerce cross paths. Jack revels in a challenge, whether it's writing, running, or lifting heavy objects - Jack says "bring it."
