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Software Sleuth
 
Wall Street Journal
E-Business: Starting Gate
Monday, July 23, 2001
By GARY MCWILLIAMS and ELLIOT SPAGAT
Staff Reporters of THE WALL STREET JOURNAL

Software Sleuth

"Cybercrime stays a concern even as consumer dot-coms fade. Sanctum, a Santa Clara, Calif., developer of software that guards Web sites, is announcing Monday it raised $30 million in a fourth-round financing led by existing investor Sprout Group.

Its security software monitors Web sites and can determine if someone is trying to alter a Web site's basic code or data, such as pricing, and block the changes. Its software also sends alerts to administrators and warns the person making changes that their actions are being monitored.

Sanctum's latest financing round includes new investment from Fidelity Investments' Fidelity Ventures, Gemini Israel Funds and First Union's eVentures Group."



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