Permeo Technologies
First company to provide an integrated platform that enables the enterprise to completely secure all applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
| N/A | €90.0k | Seed | |
| Total Funding | 000k | ||
Incorporated in Delaware in May 2001, Permeo Technologies, Inc. operated as a provider of on-demand endpoint access, security, and information protection solutions. The company was positioned within the systems and information management and cybersecurity sectors, offering a remote access and information protection solution that enabled corporate applications for mobile workers, business partners, and customers. Its core product, the Base5 SSL VPN appliance, utilized a thin client to grant remote access to network applications like Microsoft Outlook and SAP. This solution incorporated security features to defend against threats such as keyloggers, worms, and viruses, and provided information controls to prevent the unauthorized printing, copying, or saving of sensitive data.
Permeo Technologies was venture-backed, securing funding from investors including Austin Ventures, NEC (Japan), and Sierra Ventures. The company went through several funding rounds, including a Series B in October 2002 for $5 million. Its business catered to a broad range of industries requiring secure remote access for their enterprise applications. The firm's objective was to simplify the complexities of remote access environments while enhancing security.
A significant milestone in the company's history was its acquisition by Blue Coat Systems. Announced in January 2006, the deal was valued at approximately $60 million, consisting of $13.4 million in cash and $47.4 million in stock. The acquisition aimed to integrate Permeo's endpoint security technology into Blue Coat's ProxySG line of appliances, thereby extending Blue Coat's security coverage from web applications to internal enterprise applications. Following this acquisition, Permeo Technologies ceased to exist as an independent entity.
Keywords: endpoint security, remote access solutions, information protection, SSL VPN, application security, network security, data loss prevention, mobile worker security, secure enterprise access, cybersecurity, Blue Coat Systems acquisition, enterprise applications, systems and information management, venture-backed, Base5 appliance, thin client, access control, threat protection, data security, corporate security