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 Media Contact:
Leslie Kesselring
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Security Innovation Network (SINET) Expands to Create "The SINET Group" with Appointment of Prominent Cybersecurity Executives and Announcement of Member Program and Advisory Services

Reveals research findings of the most innovative and potentially disruptive cybersecurity technologies

San Francisco, Calif. and Washington, D.C. - October 26, 2011 - The Security Innovation NetworkTM (SINET), an organization focused on the advancement of cybersecurity innovation through public-private collaboration, has expanded to create "The SINET Group" which includes a new Member Program and Advisory Services. The group also announced the appointment of two new principals, Robert Lentz, Former Deputy Assistant Secretary of Defense for Cyber Information Assurance, and Richard "Dick" Schaeffer, Former Information Assurance Director for the National Security Agency (NSA).

"We are honored to have these two internationally recognized cyber leaders join The SINET Group. Their respective contributions to cybersecurity innovation are renowned in both the federal government and industry sectors and will help take SINET to a new level of influence," said Robert Rodriguez, Chairman and Managing Principal, SINET.

In addition, The SINET Group also revealed today preliminary findings from its "State of Cyber Innovation" research (see below). The research is conducted by The SINET Group on a continual basis and is based on data that is collected and analyzed from SINET events and the SINET 16 Innovator application evaluation process. The team translates these findings to identify emerging trends, sectors and the companies best positioned to impact those trends for consideration by the broader cybersecurity community.

The SINET Group Member Program and Advisory Services
The new Member Program connects key stakeholders within the cybersecurity ecosystem in order give members new information services and community building tools - assisting their efforts in accelerating cyber innovation and improving national security. Members benefit from ongoing networking opportunities with industry leaders; participation in industry research projects; access to the SINET Exchange, a comprehensive online community platform; as well as discounts for SINET events and promotion in materials.

Inaugural members include:
  • Leading Integrators: BAE Systems, General Dynamics, ITT, Lockheed Martin, ManTech, SAIC
  • Emerging Technology Companies: Blackridge Technology, CatBird, Invincea, Jive, Looking Glass, Norman, Red Lambda, SilverTail Systems, SenSage, TripWire, TrustWave and WAVE

    • The new Advisory Services provide assistance to technology companies with product strategy, positioning, channel development and business development activities.

    "The idea of the membership community is to give cybersecurity change agents a 'voice' and a platform. In addition, our world-class team of mission-focused leaders who bring diverse experience from successful emerging technology companies and the DoD and intelligence community has helped our advisory clients experience results that can't be found in other consultancies," said Jim Pflaging, Director and Managing Principal of SINET.

    The SINET Group "State of Cyber Innovation" Research Findings
    Highlights from this year's research includes:

  • Traits of Successful Cybersecurity Technology Companies: this year's SINET 16 Innovators are younger, more focused on growth than profitability, and more willing to bet big by taking outside investments than the larger pool of applicants as indicated by:
    •      1. Investment Funding: 50% have raised $15M+ compared to 22% for overall applicants
         2. Revenues: revenue traction despite relative youth of 7.7 average years of age with 57% showing
            revenues of $2.6M+
         3. Patents: high percentage of patents submitted per company, on average 4.1
         4. Geographic Concentration: over 80% are geographically concentrated in Northern California
            and the DC Metro Area

  • The Golden Age of Cyber Innovation: this year's pool of applicants demonstrated a significant increase in technologies focused on the following trends:
    •      1. Mobile: securing mobile devices, mobile apps and data in transit
         2. Cloud: addressing new cloud security and compliance risks, technologies are focusing
            on identity management, trust and privacy
         3. Security Intelligence, e.g. Big Data: security is the heart of big data and many companies
            are focused on creating open and interoperable business layers and sophisticated,
            real time, behavioral analysis
         4. Social and Gaming: a "Petri dish" for cyber threats, social and gaming is the ultimate way
            to engage a new generation of computer users

    About the Security Innovation NetworkTM
    The Security Innovation NetworkTM (SINET) is a community builder and a strategic advisor with a mission of accelerating cyber innovation and improving national security across government and critical industry. It's public-private partnership events are supported by the U.S. Department of Homeland Security Science & Technology Directorate. It's affiliate, The SINET Group, offers Advisory Services and a Membership Program. Through these activities, SINET has helped build thousands of relationships and delivered value across a broad spectrum of the security community to include builders, buyers, researchers, and investors. The SINET team consists of leaders from the Intelligence, DoD, DHS, and Silicon Valley communities. For more information visit www.security-innovation.org or follow @SINETconnection on Twitter.