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Palo Alto, CA – September 28, 2010 – MMV Financial (MMV) one of North America's pre-eminent specialty finance firms today announced that it has extended $2.75 million in debt financing to SenSage®, Inc.SenSage delivers unified Security Information and Event Management (SIEM) and log management systems that are open to all event data types, scale to petabytes, minimize storage costs and perform sophisticated data analysis. Hundreds of customers worldwide leverage patented Security Intelligence solutions from SenSage to identify, understand and counteract cyber-threats, fraud and compliance violations. The additional capital provided by MMV will help SenSage accelerate its growth plans.
“We are delighted to join the great investor group already supporting SenSage,” said Bob Curley, SVP and Managing director, MMV Financial. “In a time when there is such sensitivity to threat management and protecting sensitive data, we believe SenSage offers a very efficient methodology to consolidate and manage both real time and historical security event data. We have strong faith in the SenSage management team and are excited to play a role in their future success.”
“We are pleased to bring on this capital for our fast-growing business and to have the support and financial backing of MMV Financialalong with our existing investors,” said Joe Gottlieb, president and CEO at SenSage. “SenSage is experiencing strong demand for its Security Intelligence solutions and this capital will accelerate our tactical and strategic growth serving large enterprises and government agencies. MMV Financial has an outstanding reputation and we were pleased with the terms and speed of transaction MMV was able to provide.”
About MMV Financial:
MMV Financial is a specialty finance company that provides creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital and Wells Fargo Company. For more information, please visit www.mmvf.com.
About SenSage, Inc.:
SenSage®, Inc. delivers unified Security Information and Event Management (SIEM) and log management systems that are open to all event data types, scale to petabytes, minimize storage costs and perform sophisticated data analysis. Hundreds of customers worldwide leverage patented Security Intelligence solutions from SenSage to identify, understand and counteract cyber-threats, fraud and compliance violations. SenSage partners include Cerner, Cisco, EMC, HP, McAfee and SAP. For more information, please visitwww.sensage.comor follow SenSage on Twitter: @SenSage.
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Contact Information:
For MMV Financial
Robert A. Curley, Jr.
Senior Vice President & Managing Director
650.241.0320
For SenSage, Inc.
Michelle Schafer
Public Relations
703.403.6377
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