NEW YORK, Nov. 21, 2013 /PRNewswire/ -- Finjan
Holdings, Inc. (OTC MKT: FNJN) (the "Company") a leading online
security and technology company, today announced a strategic
investment in an Israel-based
venture capital fund (the "Fund") that will target early-stage
technology companies on the leading edge of cybersecurity
innovation. Financial terms of the transaction were not
disclosed.
Since its inception, Finjan has raised over $65 million in venture financing for R&D
investment in the Company's software security legacy operating
business. Having already been awarded a diverse patent
portfolio in endpoint, web and network security technologies,
Finjan understands the unique challenges start-up companies in the
cybersecurity space are facing. This strategic investment in
the Fund underscores the Company's commitment to continued
investments in the next wave of innovative security technology
development.
"Driven by the increasing frequency and complexity of
cyber-attacks worldwide, we recognize the inherent growth potential
of investing in emerging companies that are also focused on
enhancing, creating and introducing new online security
technologies," commented Finjan's President, Phil Hartstein. "As one of the first
companies to develop and patent technology that proactively detects
online threats, this strategic investment underscores our
long-standing commitment to fostering innovation and continued
investment in the research and development of next-generation
cybersecurity technologies. We are thrilled to invest in the new
fund as one of the selected strategic investors alongside Fortune
500 technology firms."
By investing in the Fund as part of its overall strategy, Finjan
will gain access to innovative new technologies from the earliest
stage of seed development through the government-backed incubator
program which will be managed by the Fund, as well as later stage
investments in more developed technologies. The Fund is managed by
a seasoned venture capital franchise with more than twenty years'
experience and consistently ranked among the leading venture
capital funds in Israel.
The Fund's technology R&D investments will focus on many
areas central to cybersecurity vulnerabilities today including,
Zero Day Attacks, Advanced Persistent Threats, Cloud Security, and
broader sectors impacting Next Generation Firewalls, Mobile and
Personal Device Protection as well as Big Data Analytics and
Forensics.
Recognized internationally as a pioneer and leader in web and
network security, Finjan's decade-long investment in innovation is
captured in its patent portfolio, centered around software and
hardware technologies capable of proactively detecting previously
unknown and emerging threats on a real-time, behavior-based
basis. Finjan has successfully licensed its patents to five
major software and technology companies around the world.
For Additional Information: www.finjan.com
ABOUT FINJAN:
Finjan is a leading online security and
technology company which owns a portfolio of patents, related to
software that proactively detects malicious code and thereby
protects end-users from identity and data theft, spyware, malware,
phishing, trojans and other online threats. Founded in 1997,
Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only
known threats to computers, which were previously standard
in the online security industry.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains statements, estimates, forecasts
and projections with respect to future performance and events,
which constitute forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Those
statements include statements regarding the intent and belief or
current expectations of the Company and its affiliates and
subsidiaries and their respective management teams. These
statements may be identified by the use of words like "anticipate",
"believe", "estimate", "expect", "intend", "may", "plan", "will",
"should", "seek" and similar expressions and include any
projections or estimates set forth herein. Investors and
prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, that actual results may differ materially
from those projected in the forward-looking statements. Important
factors that could cause actual results to differ materially from
our expectations include, without limitation, those detailed in our
filings with the Securities and Exchange Commission ("SEC").
Neither the Company nor any of its affiliates undertakes any
obligation to update and forward-looking statements for any reason,
even if new information becomes available or other events occur in
the future.
The Company will continue to file annual, quarterly and
current reports, proxy statements and other information with the
SEC. The filings with the SEC will contain important information
regarding the Company, its business, financial condition, results
of operations and prospects. One should assume that
information contained in any of the filings with the SEC is only
accurate as of the date specified in such filings. The
business, financial condition, results of operations and prospects
may have changed materially since any such date. One is advised to
carefully review the "Risk Factors" set forth in the Current Report
on Form 8-K filed with the SEC on June 3rd,
2013.
Contact:
Media and Press Relations
Scott Eckstein
MWW Group
Telephone: (212) 827-3766
Email: seckstein@mww.com
Company Investor Relations
Joshua Weisbord
Finjan Holdings, Inc.
Telephone: (646) 568-3313
Email: joshua@finjan.com
SOURCE Finjan Holdings, Inc.