ForeScout Technologies Secures $10 Million In New Funding

ForeScout Technologies, Inc., a leading provider of intrusion prevention solutions that accurately identify and stop network attacks -- even those as yet unknown by the security community, today announced it has raised $10 million in Series C financing, bringing total funding for the company to $24 million. This round of funding was led by Meritech Capital, a new ForeScout investor that specializes in late-stage venture capital financing of companies that have proven technology, market-tested business models and seasoned management teams. Existing investors Accel Partners and Pitango Venture Capital also participated.

"ForeScout has delivered unmatched security technology that neutralizes network attacks in real time, with zero false positives and without the time consuming post attack analysis required by so many other security solutions," said Paul Madera, managing partner at Meritech Capital. "The management team's continued focus on technical innovation and leadership has enabled ForeScout to ship the ActiveScout(TM) intrusion prevention product that not only works to stop attacks, but which is based on a technology that cannot be easily duplicated."

As part of Meritech Capital's investment, Madera has been appointed as an observer to ForeScout's board of directors. ForeScout's board of directors is represented by the following company founders, leading venture capitalists and security industry veterans: Doron Shikmoni, co-founder of ForeScout Technologies; Hezy Yeshurun, co-founder and executive chairman of the board at ForeScout Technologies; Rami Kalish, managing director and founder at Pitango Venture Capital; Theresia Gouw Ranzetta, general partner at Accel Partners; Shlomo Kramer, CEO of WebCohort Technologies, Inc. and co-founder of Check Point Software Technologies Ltd.; and Tom McNeight, president and CEO of GuardedNet, and a founding vice president at Internet Security Systems.

"We have a unique product backed by strong research and development, marketing and sales teams, and the capital to become a leader in intrusion prevention solutions that actually prevent attacks of all types -- even deadly unknown attacks. It was great to see that this round of funding was over-subscribed -- attesting to the value that investors see in our company and product," said Prof. Hezy Yeshurun, executive chairman and co-founder of ForeScout Technologies, Inc.

About ForeScout Technologies, Inc.

ForeScout Technologies, founded in April 2000, provides the ActiveScout intrusion prevention solution which accurately identifies and then instantaneously stops network attackers with zero false alarms. Based on patented ActiveResponse technology, the ActiveScout product resides outside the enterprise firewall and blocks all attacks instantaneously, including those attacks still unknown to the security community. ActiveScout provides an unmatched level of intrusion prevention, while minimizing the operational impact and costs associated with deploying and managing the system. ForeScout headquarters are located in San Mateo, Calif., and the company's research and development center is based in Tel Aviv, Israel. For more information on ForeScout Technologies, go to the Web at www.forescout.

About Meritech Capital

Meritech Capital is a late-stage venture capital fund that was co-founded and sponsored by five leading venture firms: Accel Partners, Brentwood Venture Capital, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners. Meritech is capitalized at $1.8 billion. Meritech seeks to lead investments in later stage information technology companies from the Accel, Brentwood, Oak, Redpoint and Worldview portfolios. Meritech focuses on several technology sectors: wireline and wireless communications equipment and services as well as Internet enabling technologies and components.

About Accel Partners

Accel Partners (www.accel.com) has a history of excellence and innovation in the venture capital business. The firm is dedicated to partnering with outstanding management teams to build world-class Software and Networking companies. With over $3 billion under management, Accel Partners has a legacy of helping entrepreneurs build highly successful companies. Since its founding in 1983, Accel has invested in over 200 Software and Networking companies, including Foundry Networks, RealNetworks, RedBack Networks, UUNET (acquired by Worldcom), ArrowPoint (acquired by Cisco) and Portal Software.

About Pitango Venture Capital

Pitango Venture Capital, one of the leading venture capital firms in Israel, has been investing in technology entrepreneurs since 1993. With offices in Tel Aviv, Silicon Valley and London, Pitango currently manages several venture funds totaling over $700 million in committed capital invested in more than 80 companies including AudioCodes, Chromatis (acquired by Lucent), CardGuard, ITXC and Radware. Pitango specializes in providing long-term support and value-added services to its portfolio companies, with a focus on seed to late-stage companies in communications, software and Internet infrastructure, semiconductors and medical technology and biotech. More information about Pitango is available at www.pitango.com.