Software security firm wins funding

Monday, 14 April 2003, 11:54 AM EST

Intellitactics Inc., a software-security company, plans to announce today a $6.8 million round of venture capital funding and the relocation of its Canadian headquarters to Bethesda as the company pursues more government business.

Intellitactics, which was based in Kitchener, Ontario, makes management systems for security software, such as products that collect data gathered by intrusion-detection software such as firewalls. Most of the company's customers are large U.S. companies and government agencies.

"We wanted to get closer to our customers in the U.S. market," chief executive Randall K. Davis said. "And we're doing a lot of business in the federal government."

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