RALEIGH, N.C. - (NewMediaWire) - May 06, 2014 - Today, Trusted Metrics Inc., an Information Security services firm headquartered in Raleigh, North Carolina, announced the successful extension of a Seed Round of financing.  Led by the Ballast Fund and Wilmington Investor Network (WIN), the funds will support product development and additional staffing requirements to achieve Trusted Metrics’ 2014 strategic growth plan.

Trusted Metrics’ Founder and CEO, Michael Menefee said, “The additional capital contribution provides us with the resources needed to further enhance our first-class, cloud-based network security and data analytics platform.  We are excited to have both organizations represented on our Board of Directors; each group brings a wealth of knowledge in the IT services marketplace.” 

Trusted Metrics’ Managed Visibility Platform (MVP) provides organizations with a next-generation, cloud-based SIEM platform that provides increased performance at a reduced cost when compared with traditional on-premise products. The MVP platform allows organizations of any size to incorporate centralized log correlation, Intrusion Detection, asset management, vulnerability management and Network Performance Management into a single console.

About Trusted Metrics Inc.: Trusted Metrics Inc. (www.trustedmetrics.com) is a privately held, investor-backed Information Technology (IT) services provider headquartered in Raleigh, NC.  Founded by industry veterans in 2011, Trusted Metrics provides an IT Security management platform for government, higher education, industrial and commercial customers around the country.  Already processing trillions of events per day for our clients, Trusted Metrics focuses on enabling enterprise visibility and rapid response by consolidating networking, systems, application and security event information, thereby providing clients with actionable and reliable metrics and reporting.

About The Ballast Fund: The Ballast Fund (www.theballastfund.com) invests primarily in early stage/start-up IT, software (Ballast Venture Fund), clean energy and water related companies where Ballast Fund partners can play an active role helping grow, finance and guide the entity. Capital preservation with above average returns to investors during good and uncertain economic times is the primary goal of The Ballast Fund. We invest to help grow successful businesses that make the world a better place. Current and past investments cover homeland security, eHealth, clean energy and IT security.

About Wilmington Investor Network: Wilmington Investor Network (“WIN”, http://www.wilmingtoninvestor.com) is a private equity fund of angel investors located in Wilmington, North Carolina. Membership is comprised of an elite group of investors from all areas of business. As a network, WIN is interested in high-growth companies with potential to provide a high return on investment. WIN provides capital to early-stage companies of this caliber throughout the Mid-Atlantic region. 

Media Contact: Marco Muto Phone: 919-803-5140 Email: marco@trustedmetrics.com

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