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Prolexic Raises $30 Million Round

The 10-year-old company says its year-over-year revenues are up 65% and its EBITDA is positive

Prolexic Technologies, the Distributed Denial of Service (DDoS) mitigation company, has gotten a $30 million Series C round led by new investors Trident Capital and Intel Capital.

That makes $51.9 million altogether. Its existing shareholders include Kennet Partners, Camden Partners and Medina Capital.

Trident will get a board seat.

The 10-year-old company says its year-over-year revenues are up 65% and its EBITDA is positive.

The company says this year it mitigated the single largest attack in its history (167 gigabits a second), as well as the world's most powerful attack campaign (144 million packets a second).

To keep pace with bigger, stronger and more sophisticated attacks, it will use the new funding to expand its worldwide scrubbing center footprint, increasing the capacity of its cloud-based DDoS mitigation platform beyond 1 Tbps. It will also develop new cloud-based security services.

Prolexic currently operates four scrubbing centers located in London, Hong Kong, San Jose and Ashburn, Virginia. It counts 10 of the world's largest banks and leading companies in e-commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries as customers.

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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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