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GraniteEdge Networks Hires Successful Networking Executive as CEO and Closes Series A to Bring Total Raised to Nearly $8 Million

GraniteEdge Networks, delivering a new level of intelligence to network security, today announced the appointment of Tony Naughtin as chief executive officer. The company also announced the final closing of its Series A venture capital funding round. An Investment Fund Managed by The Acartha Group, LLC joins existing investors, OVP Venture Partners and Outlook Ventures, with a $1.5 million investment, bringing the total amount raised by GraniteEdge Networks to just under $8 million. Today's news comes on the heels of the company's recent product launch of GraniteEdge ESP, the industry's first security analytics system that exposes and tracks security breaches in progress. (Editors note: please see press release at http://www.graniteedgenetworks.com/newsevents/press_release.php?id=35).

The addition of Naughtin and the latest investment by The Acartha Group will help GraniteEdge Networks rapidly scale to meet the growing need for Global 2000 companies to protect themselves from financial and legal liability, intellectual property leakage, and loss of customer confidence caused by high-risk network security breaches.

"We invested in GraniteEdge Networks because of the breakthrough nature of their product, GraniteEdge ESP. There is no other solution on the market that allows IT security teams to identify and respond to any security attack in real-time," said Douglas Morriss, managing partner at The Acartha Group. "As the innovative leader in security analytics, GraniteEdge Networks will drive this market beyond traditional network security technologies and we're excited to help catalyze the company's growth."

Naughtin brings nearly 25 years of experience in the networking industry to GraniteEdge Networks. Naughtin was the founder and long-time president and CEO of Internap Network Services Corporation where he grew the company to a $110 million revenue run rate over a five-year span, and took it through two successful public stock offerings. Before starting Internap, he held senior executive positions at ConnectSoft, Inc., NorthWestNet and Cablevision Systems Corporation. Naughtin will serve on the board of directors at GraniteEdge, and also currently serves as a director at Counterpane Internet Security, Inc. of Mountain View, California. He holds a Bachelor of Arts degree in communications from the University of Iowa and is a graduate of the Creighton School of Law.

"I've been involved with companies that have become leaders in providing customers with innovative technology for valuable improvements in network integrity and reliability. GraniteEdge Networks is becoming such a leader, and our team is very focused on making this happen," said Naughtin. "Our mission is to make GraniteEdge ESP the standard for real-time Network Behavioral Analysis (NBA). We enable significant enhancements to detection and threat-reduction in a number of areas of the network that are otherwise very challenging for today's security teams and experts."

"Tony is a perfect match for GraniteEdge Networks because he has a successful track record in the networking world and shares our vision and enthusiasm for solving a fundamental problem in the network security space," said Dr. Ross Ortega, president and co-founder of GraniteEdge Networks. "With strong investors, a new CEO, and the recent introduction of GraniteEdge ESP, we have all the pieces in place to successfully execute on our corporate strategy."

About GraniteEdge Networks

GraniteEdge Networks adds a new level of intelligence to network security. The company's products are radically changing the way companies protect themselves from both internal and external threats. Based on patent-pending causality and distributed event analysis technology, GraniteEdge ESP, allows companies to detect all types of threats, including insider and "zero day" breaches, worms and trojans, as well as the most subtle network attacks. For more information, visit www.GraniteEdgeNetworks.com.

About Acartha Group, LLC

Acartha Group, LLC is a Private Equity and Advisory firm-operating alternative asset management products, operating infrastructure, and strategic advisory services to investors, money managers and venture funded companies. Acartha's core domain expertise lies within the financial services sector with an emphasis on technology. Every Acartha subsidiary and fund has a highly specialized focus and management team. Each Partner has private and public investment experience as well as many years of operating experience in key executive roles.

GraniteEdge Networks and their respective logos are trademarks, registered trademarks, or service marks of GraniteEdge Networks. Other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

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