GFI secures investment from Insight Venture Partners

October 26, 2005 - 12:00

GFI secures investment from Insight Venture Partners


London, UK – GFI, a leading provider of network security, content security and messaging software, today announced it has secured investment from Insight Venture Partners.

The announcement underscores Insight’s commitment to GFI as it moves into its next phase of growth, following the appointment of Curtis Staker as chief executive officer. The decision to hire Staker followed his exemplary role as president at Websense, where he was responsible for achieving a five-fold increase in sales, and doubling its customer base to more than 24,000.

GFI has a track record of delivering award winning network and email security software that allows companies to create and maintain a secure network infrastructure. Customers such as NASA, Volkswagen and Coca-Cola Beverages have already chosen GFI to monitor their networks and test email security.

“GFI represents an ideal fit for Insight’s investment profile,” said Jeff Horing, Insight’s founder and managing partner. “The company has a significant number of satisfied customers, innovative technology that has won numerous product awards and is continually staying ahead of the curve. GFI has a growing number of dedicated channel partners and with the addition of Curtis Staker to the core existing management team, I am very enthusiastic about the prospects for the company going forward. Curtis’ wealth of experience and demonstrated success at Websense makes him the ideal candidate to lead GFI in its next phase of growth.”

“Insight Venture Partners is one of the leading investment firms for software and Internet enabled businesses,” commented Curtis Staker, chief executive officer at GFI. “Considering Insight’s excellent track record, qualified staff and diligent investment selection opportunity, I look forward to leading the next phase of GFI’s growth and expanded contribution to the success of our employees, channel partners and customers.”

About Insight Venture Partners
With over $1.5 billion under management, Insight Venture Partners is the leading venture capital firm specializing in software and Internet services. Insight Venture Partners invests in entrepreneurial companies developing technology-based solutions for businesses and consumers. Headquartered in New York, Insight Venture Partners has taken a global approach to investing in a market where experience, value-add consulting and the ability to execute are the foundations of success. For additional information, visit the firm's website at http://www.insightpartners.com.

About GFI
GFI is a leading software developer that provides a single source for network administrators to address their network security, content security and messaging needs. With award-winning technology, an aggressive pricing strategy and a strong focus on small-to-medium sized businesses, GFI is able to satisfy the need for business continuity and productivity encountered by organizations on a global scale. GFI has offices in the US, Malta, UK, Hong Kong and Australia which support more than 200,000 installations worldwide. GFI is a channel-focused company with over 10,000 partners worldwide. GFI is a Microsoft Gold Certified Partner. More information about GFI can be found at http://www.gfi.com.