January 21, 2009
Acton Firm Secures $10M In Venture Funding
By Matthew L. Brown
Acton-based IT security firm eIQnetworks Inc. closed a $10 million round of private financing intended to quickly expand the company's marketing, sales and product development efforts.
The funding round was led by Venrock, a California-based venture capital fund with an office in Cambridge. Mike Tyrrell, a partner at Venrock, will join eIQnetworks' board of directors.
The funding is the company's first round of venture funding.
eIQnetworks makes IT network security systems for large companies and government agencies.
WBJ Web Partners
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