vFortress gets Rs 2 crore funding

vFortress Network Security Pvt Ltd, a Bangalore-based product company dedicated to offering secure, remote access to business applications and data, has announced that it has secured a Series A funding from Kerala Venture Capital Fund (KVCF).

As part of the first round, KVCF will contribute Rs 2 crore to vFortress. This announcement comes as vFortress plans to aggressively expand its business initiatives, strengthen its hold in the secure remote access field and set up a development centre in Info Park, Kochi.

"The KVCF funding fulfils our capital requirements substantially and will fuel our aggressive growth plans. We are pleased that KVCF decided to invest in a product company rather than in 'safer' services companies," Subash Warrier, CEO, vFortress, said.

KVCF is a venture capital fund conceptualised by the Kerala State Industrial Development Corporation Ltd (KSIDC), Kerala Financial Corporation (KFC) and Small Industries Development Bank of India (SIDBI). It is dedicated to investing in enterprises with high technological inputs such as information technology and biotechnology, primarily in Kerala.

"We are happy to participate in vFortress' growth at an early stage. We are impressed by the high quality product management at vFortress that has led to world-class software products being built out of India," K A Joseph, managing director, KVCF, said.

The company recently announced the launch of its indigenously developed application security product suite called SPAN (Seamless Private Application Network).

The product suite was developed entirely out of its R&D centre in Bangalore.

vFortress was incubated in late 2001 by vMoksha. It employs 45 people and has offices in San Jose and Bangalore.