V.i. Labs Adds New Board Members to Fuel Leadership in Growing Software Protection Market
Ascent Ventures and Core Capital Partners Security Veterans Join Board
Waltham, MA — November 6, 2007- V.i. Laboratories, Inc. (“V.i. Labs”), a
provider of software protection solutions for securing high-value and mission critical
applications, announced that Geoff Oblak, from Ascent Venture Partners, and Pascal
Luck, from Core Capital Partners have joined V.i. Labs’ Board of Directors. They
join existing Board members Dr. David Pensak, V.i. Labs’ Founder; Joe Noonan, V.i.
Labs’ CEO and President; and Ross Longfield, Senior Partner at Rockford Capital.
“We are pleased to welcome such widely respected and deeply experienced individuals
to our board,” said V.i Labs’ CEO Noonan. “We look forward to leveraging the insight
that both Geoff and Pascal can offer, especially as we seek to expand our presence
with enterprise and government customers.”
“Ascent has extensive experience investing in innovative information security companies,
and we identified software protection as an attractive emerging market,” said Geoff
Oblak, Partner at Ascent Venture Partners. “We are very impressed by V.i. Labs’ product
approach and thought leadership.” Based in Boston, Ascent’s investment portfolio
includes successful security and compliance companies such as Network Intelligence,
Guardium, and Fidelis Security Systems.
“Vi Labs’ CodeArmor technology protects enterprises software applications from sophisticated
hackers and intellectual property theft,” said Luck, managing director at Core Capital
Partners. “We are looking forward to working with V.i. Labs’ stellar management
team, and watching its successful evolution and growth in the software application
security market.”
About Ascent Venture Partners
Ascent has been investing in early-stage, emerging technology companies since 1985.
In backing over 90 companies, Ascent has remained committed to its mission of investing
in exceptional entrepreneurs striving to build innovative market leaders. Ascent
is an active and supportive investor, taking pride in the number of entrepreneurs
who choose to work with Ascent on multiple opportunities. With over 80 years of
combined venture capital experience, the Ascent investment team manages $380M in
committed capital, including its current fund of $140M. Additional information is
available at www.ascentvp.com.
About Core Capital
In business since 1999, Core Capital (www.core-capital.com)
is a Washington, DC-based venture fund with over $350 million under management.
The firm invests in a wide range of technologies with a particular focus on telecommunications
hardware and software, wireless applications, enterprise software, network security,
e-commerce, logistics and tracking, energy and power management in addition to web
and communications services. Sample portfolio companies include Sourcefire, NexTone
Communications, InPhonic, buySAFE, Roundbox, Trust Digital, Infinite Power Solutions,
SwapDrive and IXI. To learn more, please email us at info@core-capital.com.
About V.i. Laboratories (V.i. Labs)
V.i. Labs provides software protection solutions that protect against the misappropriation
and theft of intellectual property resident in software applications. Through V.i.
Labs’ patent-pending technology, software vendors, embedded system providers, enterprise
organizations and government agencies are able to easily secure their software against
the threat of piracy, tampering and theft, independent of where the applications
are distributed. V.i. Labs is privately held and is headquartered in Waltham, MA.
For more information please visit www.vilabs.com.
©2007 V.i. Laboratories, Inc. All rights reserved. V.i. Labs, CodeArmor and the
V.i. Labs logo, are trademarks of V.i. Laboratories, Inc. All other product and
brand names herein are trademarks or registered trademarks of their respective owners.
Contacts:
Victor DeMarines
V.i. Laboratories, Inc.
781.398.3400
vdemarines@vilabs.com
Gene Carozza/Jason O'Keefe
PAN Communications
978.474.1900
vilaboratories@pancomm.com