Adaptive Secures Second-round Funds

AdaptiveMobile, which specialises in mobile usage protection and security software, has completed a $14 million (7.1 million) second round of funding. Doughty Hanson, an early-stage venture capital fund, was the prime investor, with additional investment came from Noor Financial Investment Company and existing investor, Intel Capital.
The funds will be used for continuing AdaptiveMobiles global expansion. Adaptive says the global market for mobile customer usage protection is undergoing rapid growth, as mobile operators seek to protect over 2.5 billion consumer and enterprise customers. 
AdaptiveMobile provides unified mobile customer protection across all cellular technologies, security threats and media types. This includes protection against illegal or inappropriate content, viruses and malware, unsolicited messaging and unauthorised communications. 
It allows mobile operators to offer Parental Controls to protect minors, and to extend corporate security policies through to mobile assets. It works across all mobile services, including WAP, SMS, MMS and email; all forms of access, including mobile, wi-fi and WiMax; and for all media, including mobile Internet, text, images, music, voice and video. This unified protection ensures the growth of data ARPU for mobile and convergent operators, says Adaptive.
We have a head start in this market, our timing is good says AdaptiveMobile CEO, Lorcan Burke. We understand the challenges of this industry, and have proven the product capabilities as a complete mobile security solution. Were focused on our target markets and have good customers and strong partnerships to build on. We are maintaining a global leadership strategy with revenues tripling year on year, which puts us in an excellent position in this rapidly growing market. Our strategy is to continue our focus on growing international sales and expanding our global footprint.”
AdaptiveMobiles customer includes some of the worlds largest Tier-1 mobile operators and service providers. The company has offices in North America, Europe, Middle East, Africa and Asia-Pacific. It has forged strategic partnerships with leading network infrastructure providers such as Cisco and HP, and has strong relationships with enterprise security companies such as Symantec, McAfee, Trend Micro, Sophos and Websense for anti-virus signatures, anti-spam and Internet categorisation filtering.