Tuesday, March 13, 2007

RED HERRING | Networks Under Siege

"In the continuously shifting world of IT security, where restless entrepreneurs are constantly scouting for the next big thing, Jay Chaudhry is taking a breather.

In July, the 22-year veteran of the security business sold his startup, CipherTrust, which specialized in products to stop threats like spam, viruses, phishing, and sensitive data leakage, to Secure Computing for $274 million. But he’s already plotting his next venture.

“Why do you see hundreds of startups in the security space instead of financial applications, for instance?” asks Mr. Chaudhry. “Because customers are willing to buy the next mousetrap because it’s better, or it can save them money, or it’s easier to use.”"

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