Sipera Systems, which develops security measures for IP services such as unified communications (UC), has raised $10 million in a new funding round.
Since its founding in 2003, Sipera has raked in $48 million from private investors. This time, the money will go toward smartphone and VoIP security projects.
“Enterprise adoption of UC is surging, and the need to secure these applications and ensure compliance with privacy and monitoring regulations is mission-critical,” John Lochow, president and CEO of Sipera, said in a prepared statement. “This new investment ensures that we can scale to meet this global demand, support our channel partners, increase our international presence, and continue to provide the highest levels of service to enterprise customers.”
Part of the $48 million also will help bolster sales efforts in Asia, Europe and South America, and expand Sipera’s reseller partner program.
S3 Ventures led the latest funding round, which included further participation from existing investors Austin Ventures, Duchossois Technology Partners, Sequoia Capital and STAR Ventures.
“Given the explosive enterprise adoption of smartphones and UC applications including VoIP, IM and video, the timing is ideal for Sipera to capitalize on its leadership in comprehensive UC security,” Brian Smith, S3 Ventures’ managing director, said in a press release.