Oblix to pocket $40 million in funding

The company, which makes software to govern access of computing resources, grabs a new round of funding, including support from Intel and Cisco Systems.

Stephen Shankland
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Oblix, a company that makes software to govern access of computing resources, tomorrow will announce it has raised $40 million in funding.

Van Wagoner Capital Management led the funding round, Oblix said. Other new investors included Charter Growth Capital, Credit Suisse First Boston, J.P. Morgan and Sands Brothers.

In addition, a host of earlier investors also returned for the new round, including Intel, Cisco Systems, Novell, Kleiner Perkins Caufield & Byers, Lehman Brothers and Patricof & Co. Ventures.

Oblix, which last month upgraded its NetPoint software, is led by Gordon Eubanks, former CEO of antivirus and security company Symantec.

Oblix's software relies on comparatively new "directory" software, which is becoming more widely available. Directory software keeps track of details on a multitude of computer users, such as what sort of computer employees have or what type of server they have permission to access.

The software is used to control the access of customers, business partners, employees and others to e-commerce sites or other important computer systems. The software is used by large corporations.