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VCs invest additional $8M into ForeScout’s compliance and network access control solutions

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ForeScout Technologies, a provider of regulatory compliance solutions and clientless network access control (NAC) for Fortune 500 enterprises and government organizations, recently completed an internal $8M fundraising round with all existing venture partners participating including Accel Partners, Amadeus Capital Partners, Meritech Capital Partners and Pitango Ventures. The company experienced a breakout year in 2007 with 80 percent growth, setting the stage for this further investment to fuel sustained compliance and NAC leadership.

According to T. Kent Elliott, CEO of ForeScout, "ForeScout's success has kept our investor confidence high, believing in the proven potential of regulatory compliance and access control markets. While others have faltered, ForeScout has been able to consistently deliver industry leading technology to the most demanding enterprises and government organizations in the world. This combination of strong technology and focused go-to-market execution has allowed ForeScout to take market share from companies like Cisco and Microsoft gaining the trust of large enterprises that are under pressure to achieve regulatory compliance, like PCI DSS or HIPAA, and implement strong network access control."

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