Verdasys nets $12 mln, also names new CEO
Verdasys said Wednesday that it has raised $12 million in funding. Previous backers GE Pension Trust, which is advised by GE Asset Management and Fairhaven Capital led the round with participation from Brookline Venture Partners. In addition to the funding, Kenneth Levine, a co-founding partner at Brookline Venture Partners and a former GM at McAfee (now Intel Security), has been named CEO of Verdasys, replacing Jim Ricotta. Levine will also join the firm's board of directors. Based in Waltham, Mass., Verdasys is a provider of advanced data protection solutions.
19 March 2014•3 mins read
