Trident Capital leads $8m investment round for AlienVault

The investment will support a heavier focus on research and development and a sales and marketing strategy.

Trident was attracted to the deal due to its experience in developing cyber security companies.

In June 2009, Neotec and Adara coinvested an undisclosed amount in exchange for a minority stake in AlienVault. The series-A round came about through a pre-existing relationship between Adara and the company's management. Alberto Gomez led the deal for Adara.

Company
AlienVault was founded in 2007 and based in Madrid until the recent move of its headquarters to Silicon Valley. The company has created an open source security information and event management solution to enable threat management, which has over 160,000 downloads and users in 80 countries. The company's clients include defence departments, government organisations, banks and enterpises. AlientVault reports 150% year on year turnover growth.

People
Trident's managing director J. Alberto Yepez Chairman has been appointed chairman of the AlienVault board following the transaction. Trident principal Michael Biggee also joins the AlienVault Board of Directors. Julio Casal and Dominique Karg are founders of AlienVault.

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