Posted by: Leigha
Identity and access management, Security Vendor News
We’ve been reporting for some time that the NAC market is on shaky ground, with demand for the technology failing to meet the expectations of a couple years ago. We saw more proof of that this week, when Lockdown quietly posted this message on it’s website:
“Lockdown Networks today announced that it is ceasing operations effective March 18, 2008. Due to overall economic trends and slower than predicted adoption of Network Access Control (NAC) technology, the company was unable to raise additional sufficient venture capital to continue. Lockdown is contacting customers and partners directly to provide more information. Certain employees have been retained to oversee the shutdown of the company and entertain offers to Lockdown’s intellectual property. Anyone with questions and inquiries can call 206.285.8080 x110.”
Though the NAC market has had its difficulties, this announcement is surprising, since Lockdown raised $14 million in venture funds from Ignition Partners, Intel Capital, Integral Capital Partners and Cargill Ventures last fall.
We’ll be updating this news as more information becomes available.