Feeds

Phorm gets £15m lifeline

Phew!

Top three mobile application threats

Phorm has today raised a £15m war chest by selling almost a fifth of itself to institutional investors at less than a quarter of its price last year.

It'll use the cash to cover its operating costs while ISPs continue to mull its web monitoring and profiling system.

The firm sold 3.3 million shares at £4.50 each. It has been expected that Phorm would need new capital, as it has continued to trade and employ about 140 staff without any revenues.

BT has yet to commit to a schedule to roll out Phorm's "WebWise" advertising system, following major controversy over secret trials conducted in 2006 and 2007. Its other UK ISP partners, Virgin Media and Talk Talk, are yet to conduct any customer trials.

The last time Phorm issued new equity, in March last year, it sold at £20 per share, raising £32m. Today's sale of almost 20 per cent of the company values the firm at about £75m.

Phorm's full year financial results, expected to reveal it has spent most of the capital it raised last year in the last 12 months, are due out on June 18. ®

3 Big data security analytics techniques

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.