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Network access control start-up Lockdown Networks has shut down operations, becoming another in what has become a string of vendors floundering in the network access arena.
The company blamed its failure on economic trends and slower than predicted adoption of NAC. As a result of these problems, the company was unable to raise the venture capital it needed to continue. It had raised more than $14 million last fall from Ignition Partners, Intel Capital, Integral Capital Partners and Cargill.
On its Web site the company said: "Lockdown Networks today announced that it is ceasing operations effective March 18, 2008. Due to overall economic trends and slower than predicted adoption of Network Access Control (NAC) technology, the company was unable to raise additional sufficient venture capital to continue. Lockdown is contacting customers and partners directly to provide more information. Certain employees have been retained to oversee the shutdown of the company and entertain offers to Lockdown's intellectual property."
Another NAC vendor, Bradford Networks, says it will buy back Lockdown gear in exchange for purchase of Bradford gear. Details of the offer were unavailable immediately. (Compare NAC products.)
Other vendors have had trouble making headway with NAC. Caymas Systems shut down last year, selling its NAC assets to Citrix.
The NAC company Vernier Networks has changed its name to Autonomic Networks, refinanced and is cooking up new technology that it says will complement its current Edgewall NAC appliances.
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Comments (16)
Choppy waters for consentryBy Anonymous on April 4, 2008, 8:22 pmChoppy NAC waters ahead indeed. Consentry has some well-rated products, but with 3 CEO's (Tom, Parveen Jain, now Sam) in about 6 months things are tough. Layoffs...
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re:NAC sucks resources and causes bad outcomesBy Anonymous on April 4, 2008, 2:45 pmSo, Greg…what is your stand on network security? From what I can see of your writing you obviously ARE NOT a security professional because nothing that you have...
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NAC Lessons LearnedBy Anonymous on April 4, 2008, 2:37 pmWow, some of these comments are amazing to down right stupid and it’s obvious that either “amazing or stupid” know nothing about NAC. Well, I believe that anybody...
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This is a normal process for a new technologyBy Wes on March 28, 2008, 3:51 pmAre we forgetting that every new technology product market follows this path? You start off with lots of little start-ups trying to innovate and provide solution...
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NAC Market, Lockdown and Just 2 Major PlayersBy Anonymous on March 26, 2008, 7:45 amLockdown's ills could just be down to the VCs getting cold feet in the current economic climate, as to lack of its progress within the NAC space. Must also agree...
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