Cyber Security Leader Continues Rapid Expansion, With Over 100% Growth Year-Over-Year

AUSTIN, Texas – December 5, 2013 – NSS Labs, Inc., the leader in test-based research and analysis of information security products, announced today that it has raised Series A funding from LiveOak Venture Partners. The financing will support the company’s ongoing expansion and continued technology innovation as well as help the company further scale operations and support its rapidly growing customer base.

NSS Labs saw significant expansion in 2013 with over 100% bookings growth. “NSS has emerged as the clear leader in cyber security information services,” said Vikram Phatak, NSS Labs Chairman and CEO. “Businesses are seeking fact-based information and NSS is the only research analyst firm that is continually testing products to help clients better understand the IT security landscape.”

The company also announced the appointment of Venu Shamapant, General Partner of LiveOak Venture Partners to its Board of Directors. This follows other leadership additions earlier this year of Cathy Main, VP of Marketing; Carma Beedle, VP of Sales; and Jennifer Parker, CFO.

“NSS Labs has established itself as the industry leader for delivering comprehensive insights on IT security to equipment providers and enterprises,” said Venu Shamapant, General Partner, LiveOak Venture Partners. “We are excited to partner with them as they further consolidate their leadership position and grow their advisory offerings to help enterprises navigate an increasingly complex threat landscape.”

NSS Labs provides analyst research, unbiased product test results, and vulnerability analysis that enable organizations to make better IT decisions. Subscription services include analyst calls, access to NSS analyst research, test reports and toolkits, Threat Modeling of “What If” scenarios, and Threat Intelligence Feeds.