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Network Intelligence grabs $8 million

Network Intelligence announced Tuesday that it raised $8 million in first-round funding. Ascent Venture Partners led the round and Egan-Managed Capital and JMI Equity Fund also contributed. The Walpole, Mass.-based company makes software and hardware that monitors activity within business computer networks for possible security issues and will use the funding to fuel its domestic and international sales efforts. Starting in 1992 as Opensystems.com, Network Intelligence was a reseller of products by Cisco Systems. The company then sold its reseller business and came out in 1996 with Private I, network security software for small and medium-sized businesses. The company released its enVision software for large corporations this year along with hardware to run its software.

Network Intelligence announced Tuesday that it raised $8 million in first-round funding. Ascent Venture Partners led the round and Egan-Managed Capital and JMI Equity Fund also contributed. The Walpole, Mass.-based company makes software and hardware that monitors activity within business computer networks for possible security issues and will use the funding to fuel its domestic and international sales efforts.

Starting in 1992 as Opensystems.com, Network Intelligence was a reseller of products by Cisco Systems. The company then sold its reseller business and came out in 1996 with Private I, network security software for small and medium-sized businesses. The company released its enVision software for large corporations this year along with hardware to run its software.