Sid R. Bass Associates Furthers Investment to Fuel Continued Growth in Web Application Security Company
CARLSBAD, Calif., Oct. 7, 2009 — Breach Security, Inc., the leader in web application integrity, security and PCI compliance, today announced it has secured $5 million expansion financing from existing investor Sid R. Bass Associates. Funds will be invested in Breach’s product development and to further market expansion efforts.
“Breach Security has established market leadership in the web application security market and has amassed an impressive list of blue chip customers,” said Perse Faily, general partner at Sid R. Bass Associates. “Breach is well positioned to capitalize on the global demand for securing critical web applications and our additional investment provides the capital to drive accelerated growth.”
“An ever increasing number of successful web application exploits and stringent industry regulations are driving the rapid adoption of Breach products,” said Sanjay Mehta, senior vice president for Breach Security. “Sid R. Bass Associates’ further investment in the company provides the capital required to extend our technology innovation and market leadership.”
About Breach Security
Breach Security, Inc. is the leading provider of real-time, continuous web application integrity, security and compliance that protects sensitive web-based information. Breach Security’s products protect web applications from hacking attacks and data leakage, and ensure applications operate as intended. The company’s products are trusted by thousands of organizations around the world, including leaders in finance, healthcare, ecommerce, travel and government. For more information, please visit www.breach.com.