# Bradford Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bradford-networks

- Industry: IT Security/Cybersecurity
- Headquarters: Boston, US
- Website: www.bradfordnetworks.com
- Total disclosed funding: $13M
- Latest round: Series C (May 14, 2012)
- Investors on record: 2

## About

Bradford Networks, Inc., based in Boston, US, focuses on advanced network access control solutions, enhancing security and compliance for organizations through robust software offerings.Founded in 1999 in Boston, US, Bradford Networks, Inc. specializes in network access control solutions. The company was acquired by Fortinet, Inc. in June 2018, with financial terms undisclosed. Frank Andrus founded the company and has a history of entrepreneurship in the tech sector. Bradford Networks has secured a total of USD 2.00 mn in funding through 8 different deals, with the latest round occurring in June 2018.Bradford Networks specializes in providing advanced network access control solutions designed to enhance security and compliance for organizations. Their core offerings include software solutions that enable businesses to manage and secure device access to their networks, ensuring that only authorized users and devices can connect. These solutions address critical use cases such as the identification of unauthorized devices, management of guest access, and compliance with regulatory standards. The company primarily serves enterprise clients across various sectors, including healthcare, education, and finance, where robust network security is paramount. Bradford Networks has established a presence in North America and Europe, positioning its solutions to meet the specific needs of organizations in these geographical markets.Bradford Networks generates revenue through a subscription-based model, offering various tiers of service that cater to the different needs of its client base. The company's revenue structure is primarily driven by annual licenses for its network access control software, along with ongoing support and maintenance services. Typical transactions involve enterprises entering into agreements for multi-year subscriptions, allowing them to access the latest features and updates while ensuring network security compliance. Additionally, partnerships with managed service providers facilitate broader market reach and customer acquisition. The firm’s flagship products, which are integral to its revenue generation, reflect its commitment to delivering high-quality security solutions to its clientele.Bradford Networks plans to leverage its recent funding to enhance its software offerings and expand into key markets in North America and Europe. The company is designing new products tailored to emerging security challenges, with launches targeted for late 2019. Additionally, the funding will facilitate the expansion of their sales operations, aiming to penetrate new sectors such as government and retail by mid-2020. The deal with Fortinet is expected to bolster their capabilities and market position, further supporting these growth initiatives.

## Funding rounds

- Series C, May 14, 2012, $3M — Updata Partners, Windspeed Ventures
- Series B, Jun 5, 2008, $8M — Updata Partners, Windspeed Ventures
- Series A, Aug 21, 2006, $2M — Windspeed Ventures

## Investors

- Windspeed Ventures (https://capitalatlas.ai/funds/windspeed-ventures) — Series A, Series B, Series C
- Updata Partners (https://capitalatlas.ai/funds/updata-partners) — Series B, Series C