Beijing NetentSec, Inc. announced on Aug.14 that it has received US$3M in the second-round investment. The current investment is led by Lenovo Holdings and joined by Highland Capital Partners.
NetentSec, founded in 2004, mainly provides products and services for Chinese enterprises in the field of Internet control and management, and helps enterprises reduce the improper use of Internet by employees, and monitor the behaviors and habits of employees in using the Internet.
In Mar. 2008, NetentSec received a total of US$6M from Highland Capital Partners and Sumitomo Corporation Equity Asia Limited in the first-round investment.
Yuan Shengang, CEO of NetentSec, said he will use the proceeds from the current investment to bolster technical R&D, improve the service level of the team and expand sales. He also revealed his company is likely to launch an Internet monitoring and anti-addiction product oriented to families at a very low price.
When speaking of the company’s operation, Yuan Shengang disclosed NetentSec has tripled or quadrupled its sales in the recent years, and made a profit in this Mar. However, he added there is still no plan for next-round financing or a timetable for an IPO at present.
