Thursday, July 9, 2009

Narus Raises $8.7 Million in New Funding

Narus, which delivers solutions for real-time traffic intelligence for the protection and management of large IP networks, announced an additional $8.7 million in expansion funding from its existing investors.

The funds will be used primarily to continue Narus' growth and expansion in the U.S. government market, as well as India and the Middle East, where the NarusInsight system is used by Narus customers to manage their IP networks and protect them against cyber attacks.

"Narus is proud to be an important part of protecting and managing the cyber infrastructure, especially in these difficult economic times," said Greg Oslan, CEO of Narus. "We are pleased to be able to count on our current investors' continued support for the growth of our business. We look forward to working with our investors, partners and customers through the next stage of our growth."

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