VANCOUVER – Telus is investing in California-based cybersecurity firm Zenedge in an effort to enhance cloud-based cybersecurity services for its business customers.
Telus Ventures, the strategic venture investment arm of Telus, said Thursday that it is participating in a $4.0 million Series B investment round, which follows Zenedge's $3.5 million round last year, bringing total venture funds raised by the company to $7.5 million.
Zenedge specializes in web application firewall and DDoS (distributed denial-of-service) mitigation for web applications, networks, and domain name servers. This investment will allow the company to add new DDoS mitigation centers in Toronto and Amsterdam, expanding its Canadian and European presence, reads the news release.
"Zenedge's technology is easy to use, flexible and effective, while their team has deep and long-standing expertise in cybersecurity, which is an increasingly-important area of our business," said Telus Ventures VP Mathew George, in the release. "With Zenedge, we are strengthening our ability to keep Canadian business customers safe."
In addition to this investment, Telus vice-president and chief security officer Kenneth Haertling will also join Zenedge's board of directors.
"Telus has always made it a priority to provide customers with exceptional security services, whether securing confidential data for major enterprises or delivering better healthcare services through safer technology” Haertling added. “We're looking forward to drawing on Zenedge's expertise to enhance our end-to-end security offerings."
The release added that Zenedge will open its Toronto mitigation centre later this quarter, complementing its existing two Canadian points of presence in Vancouver and Toronto, and ensuring complete data sovereignty for clean traffic and mitigation on Canadian soil.
www.telus.com/ventures
