NitroSecurity Nets $6M, Buys LogMatrix Business

Portsmouth, NH-based NitroSecurity said today it has closed $6 million in Series B financing led by existing investors Brookline Venture Partners, First Analysis, and NewSpring Ventures. The cybersecurity and event management software company also said it has acquired the security business of LogMatrix, a Marlborough, MA-based company focused on IT and network management. Financial terms of the acquisition weren’t given. (LogMatrix customers include AT&T and the City of Seattle, the latter in partnership with the University of Washington and University of Michigan.) NitroSecurity was founded in 1999 and is led by CEO Ken Levine.

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.