Messaging Security Leader Closes Funding to Acquire Acclaimed Message Processor
Company
SAN FRANCISCO and BOSTON–(Business Wire)–
Cloudmark, Inc., the global leader in carrier-grade messaging security, today
announced it has secured $23 million in a round of funding led by new investor
Summit Partners and joined by Nokia Growth Partners, the venture capital
investing arm of Nokia (NYSE: NOK), the world`s leading mobile phone supplier.
Existing investors Ignition Partners and Industry Ventures also participated in
the round. The new funding was used to assist in Cloudmark`s acquisition of
Bizanga, Ltd. and is the first investment Cloudmark has raised since 2004.

“Today`s carriers must deploy the best defenses against emerging and
sophisticated messaging threats,” said Hugh McCartney, chief executive officer,
Cloudmark. “Our goal is to leverage the recently acquired messaging platform and
Cloudmark`s proven world-class messaging security technology to provide the
industry`s most powerful, unified messaging security solution for operators. We
are delighted to have raised new capital from both Summit Partners and Nokia
Growth Partners, and their support and global experience will help guide
Cloudmark as we continue our growth into new and existing markets.”

Cloudmark`s carrier-grade software solution delivers the industry`s fastest and
most accurate spam, phishing and virus protection. Through its unique
combination of Advanced Message FingerprintingTM technology, real-time
corroborated feedback from Cloudmark`s Global Threat NetworkTM system,
automated, anonymous traffic analysis and dedicated security analysts, Cloudmark
detects messaging abuse with up to 99 percent accuracy and near-zero false
positives.

“We are very pleased to lead this investment in Cloudmark to help support the
expansion of the industry`s leading messaging security solution for
high-performance networks,” said Greg Goldfarb, a principal with Summit
Partners, who will join the Cloudmark Board of Directors. “At Summit Partners,
we have been investing for 25 years in profitable, innovative leaders in the
security software industry and it is always rare to find a company that is both
a technology leader and service leader. The volume of messaging abuse and
security threats continues to skyrocket across wired and wireless networks.
Cloudmark`s technology increases the performance, reliability and security of
its customers` messaging infrastructure, while decreasing management costs, and
Cloudmark`s service and responsiveness allows its customers to sleep well at
night.”

“The need for carriers to protect their mobile networks against messaging
attacks has never been more critical, and it is essential for ensuring a
positive experience for their customers,” said John Gardner, managing partner at
Nokia Growth Partners. “Cloudmark is uniquely positioned to capitalize on this
demand based on its ability to deliver carrier-grade messaging security
solutions with unrivaled accuracy, scalability and performance. Nokia Growth
Partners invests in best-of-breed mobile services and technology companies with
significant potential for future growth and industry leadership. Cloudmark
fulfills that profile, and is in an excellent position to enable mobile
communications service providers to reduce the complexity within their networks,
grow their customer base and maximize revenues.”

About Summit Partners

Summit Partners is a growth equity investor that provides private equity and
venture capital to rapidly growing companies. Founded in 1984, Summit has raised
more than $11 billion in capital and has provided growth equity,
recapitalization and management buyout financing to more than 300 growing
companies across a range of industries and geographies. Summit Partners seeks
outstanding management teams that have built their companies to profitability
and market leadership. Notable investments in the security market include,
McAfee (NYSE: MFE), Postini (acquired by Google, NASDAQ: GOOG), SafeBoot
(acquired by McAfee), and Sybari Software (acquired by Microsoft, NASDAQ: MSFT).
Summit Partners has offices in Boston, Palo Alto and London. For more
information, visit www.summitpartners.com.

About Nokia Growth Partners

Nokia Growth Partners is a global investor for growth stage companies in the
mobile industry. With $350M under management, Nokia Growth Partners invests in
companies and entrepreneurs that are changing the global face of mobility,
communications and the Internet. Nokia Growth Partners also works closely with
Nokia to provide a superior return on investment while increasing the likelihood
and magnitude of success in the companies in which it invests. Nokia Growth
Partners has offices in Menlo Park California; Helsinki Finland; Gurgaon India
and Beijing China. See www.nokiagrowthpartners.com for more information.

About Cloudmark

Cloudmark, Inc. is a global leader in carrier-grade messaging security,
delivering the industry`s fastest, most accurate and comprehensive real-time
spam, virus and phishing protection for fixed, mobile and social networks. The
Cloudmark suite of security solutions simplifies and advances the management of
messaging abuse, increasing network utilization and reducing infrastructure
costs. Cloudmark`s patented solutions combine Advanced Message FingerprintingTM
technology based on innovative, highly efficient algorithms, a Global Threat
NetworkTM consisting of trusted reporters across the globe, real-time, automated
analysis of traffic and content patterns, along with security research
expertise, to provide real-time security intelligence and filtering across
carrier networks. Cloudmark solutions protect more than one billion subscribers
for the world`s largest carrier networks, including more than 75 percent of all
major service providers in the United States and Japan. Cloudmark`s customers
include Cablevision, Comcast, Cox Communications, EarthLink, NEC Biglobe, NTT
OCN, Swisscom, Tele2, Thus, and XS4ALL (KPN), as well as leading hosting
providers and global social networking companies such as MySpace. Cloudmark is a
privately held company headquartered in San Francisco with offices in London,
Tokyo, Beijing and Hong Kong. For more information, visit

http://www.cloudmark.com.

Cloudmark and the Cloudmark logo are registered trademarks of Cloudmark, Inc. in
the United States and certain other countries. All other trademarks mentioned in
this document are the property of their respective owners.

Cloudmark
Dave Bowker, 781-684-0770
cloudmark@schwartz-pr.com
or
Summit Partners
Joan Miller, 617-824-1047
jmiller@summitpartners.com
or
Nokia Growth Partners
Claire Wallace, +358 504 872 590
claire.wallace@nokia.com

Copyright Business Wire 2010