Camden Partners Leads 8M Series B Funding of Prolexic Technologies
Baltimore, Maryland – February 9, 2012- Camden Partners is pleased to announce its investment in Prolexic Technologies, the global leader in Distributed Denial of Service (DDoS) protection services. Camden’s investment will suport growth in Prolexic’s staff, network and service offering.
“Prolexic fits Camden’s strategy of partnering with fast growing companies in specific markets,” said Jason Tagler, Principal at Camden Partners. ”Prolexic is the clear leader of DDoS mitigation and with the increasing frequency of attacks all over the world, demand for the company’s services remains strong. We look forward to helping the company fulfill its tremendous potential.” Jason Tagler joins Prolexic’s Board of Directors following the investment.
“Prolexic grew more than 55% last quarter, and our growth rate should continue increasing throughout 2012,” said Scott Hammack, Chief Executive Officer of Prolexic. “This Series B investment, while not necessary because Prolexic was profitable last year, will enable us to accelerate our growth and bring forward a number of strategic initiatives that will further solidify our global leadership position.”
For more information, please see Prolexic’s press release.
About Prolexic Technologies
Prolexic is the world’s largest, most trusted Distributed Denial of Service (DDoS) mitigation provider. Able to absorb the largest and most complex attacks ever launched, Prolexic restores mission critical Internet facing infrastructures for global enterprises and government agencies within minutes. Six of the world’s ten largest banks and the leading companies in e-Commerce, payment processing, travel/hospitality, gaming and other at-risk industries rely on Prolexic to protect their businesses. Founded in 2003 as the world’s first “in the cloud” DDoS mitigation platform, Prolexic is headquartered in Hollywood, Florida and has scrubbing centers located in the Americas, Europe and Asia. For more information, visit www.prolexic.com.
