Amadeus Capital Partners, the European technology investor, has led a $16 million second round financing of Secerno Limited, an Oxford (UK) based company supplying software and appliances that provide the highest level of protection against internal and external threats to databases. Eden Ventures and Spark Ventures, both previous investors in the company, have also participated in this round.
Secerno will use this funding for further development of its award-winning database activity monitoring and security platform and to accelerate the growth of its sales channels, principally in the US and EMEA.
Amadeus believes that Secerno’s patent-pending SynoptiQ technology, which uses advanced mathematical techniques to understand database instructions at an unprecedented and hitherto unmatched level of sophistication, leapfrogs current solutions in the database security market. Secerno enables companies, organisations and government bodies to audit and protect data held by them more effectively than at present.
Secerno’s underlying SynoptiQ technology was developed by founder and CTO, Dr Steve Moyle, in the Computing Laboratory at Oxford University. In May this year, the company launched Secerno.SQL 3.0, which provides the fastest-to-set-up and most comprehensive database protection available. Secerno is led by CEO, Steve Hurn, formerly Senior Vice President Sales and Marketing at OSS company Cramer Systems (acquired by Amdocs in 2006), where he grew sales from start up to $100m turnover.
Commenting on Secerno’s potential, Amadeus Partner, Richard Anton, who joins the company’s Board, says: “Secerno’s team combines impressive R&D with proven sales expertise. In its short history the company has achieved an impressive number of sales channels and alliances, in addition to a roster of blue chip companies and organisations that are now deploying Secerno.SQL, with positive feedback.
Secerno is bringing ground breaking technology to market just as issues of customer privacy, compliance and litigation move to the top of the agenda for CIOs.”
Steve Hurn, CEO of Secerno says; “We are honoured to receive this round of funding from such an esteemed group of investors known for successes in the technology industry. With this investment, Secerno will be even better placed to meet the accelerating market demand for intricate, intelligent database activity monitoring and 100% accurate blocking of threats and we will be bringing our unique platform to new markets and channels globally.”
The Amadeus team on this investment are Richard Anton and Nicolas Brusson. Legal advisers to the investors were Brown Rudnick; Secerno was advised by Osborne Clarke.