Bradford Networks Secures $3M for BYOD Solution
Bradford Networks recently announced the closing of $3 million in Series C funding, which will be used to expand the company into new markets and support growing demand for the company’s network access control (NAC) solution. For those of you who are unaware, NAC has emerged as a comprehensive security approach for the growing bring your own device (BYOD) trend.
Updata Partners led the round of financing and was joined by Windspeed Ventures. Bradford Networks has been funded by both companies in the past at various round levels (in 2008 for Series A funding and 2010 for Series B). The network access control (NAC) market is expanding and is expected to reach $312 million by 2016.
Back in January Bradford Networks adjusted its SMB channel strategy: Rather than building out a separate marketing and support organization for that effort, the SMB channel push would be handled by Bradford’s existing sales, marketing and business development teams. Bradford Networks saw year-over-year revenue growth of 70 percent for the first half of 2012.
More information about Bradford’s Partner Program is available here.
What Say You? What do you expect to see from Bradford Networks? What kind of relationship, if any, have you had with the company?