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ORLANDO, Fla., (Sept. 12, 2006) --- V2R Group, recently announced the majority acquisition and capitalization of Red Lambda, Inc. (www.redlambda.com). The amount of investment was not disclosed. The transaction provides Red Lambda with resources to fully launch cGRID::Security™ - an enterprise network security solution developed for use in corporate, university, non-profit, and government spaces.
The foundational technology was developed and tested for three years at the University of Florida (UF). It leverages the benefits of grid computing for a myriad of client security and management services ranging from denial-of-service attacks to illegal peer-to-peer downloading.
UF’s computing network presented an especially challenging environment in which to vet a network security platform. Not only was UF a regular target of denial-of-service, port scan and botnet attacks, (plus all the typical spam, spyware, and virus nuisances) but a huge amount of UF’s bandwidth was being consumed by illegal peer-to-peer downloading of both music and video files. Red Lambda’s cGRID::Security™ proved itself effective in mitigating these network intrusions at more than 12,000 nodes saving the university over $500,000 in the first year alone.
Greg Marchwinski, CEO of Red Lambda, stated, “The Red Lambda team is excited to become a member of the V2R family. The resources and relationships that V2R brings to the table are tremendous assets for a young company like Red Lambda. We can now focus on growing our product and customer base without the financial limitations facing most startup companies.
Red Lambda has established an initial client base of universities as well as a strong pipeline of potential academic, government and industry clients. The company has also garnered recognition and support from such groups as the Recording Industry Association of America and the Motion Picture Association of America.
Red Lambda joined the UCF Technology Incubator in September, 2005. The company has relocated from the Incubator to office space in Longwood, FL, adjacent to the offices of V2R Group.
Seminole County Economic Development Director Bill McDermott welcomed the company to Seminole County stating, “We are delighted that Red Lambda has selected Seminole County for their new corporate headquarters. The UCF Technology Incubator continues to spawn new homegrown leading-edge technology companies for the Central Florida region”.
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For more information, contact
Jean Golden, V2R, 612-385-2324, PR@v2r.com
Tom O’Neal or Carol Ann Dykes, UCF Technology Incubator, 407.882.0202
Larry Vershel or Beth Payne, LV Communications Inc. 407.644.4142.
About V2R Group, Inc.
V2R Group, based in Longwood, FL, is focused on the commercialization and management of highly innovative technologies. The V2R business model is significantly different from any other in the industry in that the Company partners with universities to facilitate the transfer and commercialization of revolutionary technologies, with a focus on mid-stage high-tech businesses that have been developed past the initial Research and Development stage. V2R’s management team leverages a vast wealth of technology commercialization and business expertise to minimize go-to-market costs, increase company value, and mitigate shareholder risk. For more information: www.v2r.com.
About the UCF Technology Incubator
Since opening in 1999, the UCF Technology Incubator has helped more than 80 emerging technology companies create over $200 million in annual revenues and more than 650 new jobs with an average salary of $59,000. As a result of this success, the UCF Technology Incubator was recently named the 2004 Technology Incubator of the Year by the National Business Incubation Association. Headquartered in Research Park near the University, the Incubator is a true collaboration in economic development between UCF, Orange County, the City of Orlando, Seminole County, the Florida High Tech Corridor Council and the Metro Orlando Economic Development Commission. For more information, please visit www.incubator.ucf.edu. |
