# Forum Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forum-systems

- Industry: IT Security/Cybersecurity
- Headquarters: Newton, US
- Website: www.forumsys.com
- Total disclosed funding: $18M
- Latest round: Series B (Sep 23, 2003)
- Investors on record: 2

## About

Forum Systems delivers advanced API Gateway technology through its flagship product, Forum Sentry, catering to diverse sectors with comprehensive solutions for API management, security, and seamless application integration.Forum Systems, Inc. specializes in API management and security solutions through Forum Sentry. Founded in Newton, US, the company has undergone strategic pivots to enhance its service offerings. CEO Mamoon Yunus leads the firm, which has attracted investment through Series B funding, raising a total of USD 17.50 mn, with GMG Capital Partners as the lead investor. The company has successfully completed two deals, with its most recent deal occurring on May 28, 2009, when Crosscheck Networks acquired Forum Systems, Inc.Forum Systems specializes in providing advanced API Gateway technology, primarily through its flagship product, Forum Sentry. This comprehensive solution integrates various features, including API management, API security, multi-factor authentication, continuous authentication, single sign-on (SSO), and zero trust policy enforcement. The architecture is designed to enable seamless integration and transformation of applications, allowing enterprises to modernize their infrastructures without requiring extensive coding. Forum Sentry has been deployed successfully across both cloud and on-premise environments, serving a diverse clientele in sectors such as healthcare, government, and commercial enterprises worldwide. Notable customers include Blue Cross Blue Shield Michigan, which has utilized Forum Systems' technology for cost reduction and efficiency improvements. The company's products are actively marketed in North America, Europe, and parts of Asia, targeting organizations seeking robust security solutions and efficient API management capabilities.Forum Systems generates revenue primarily through subscription-based models and perpetual licensing of its Forum Sentry product. Clients typically enter into agreements that provide access to the API Gateway's suite of features, with pricing structured to accommodate various deployment needs, such as cloud-based, on-premise, or hybrid solutions. The revenue model includes options for annual subscriptions that grant customers unlimited access to the platform's functionalities, as well as one-time payments for perpetual licenses accompanied by yearly support. Transactions within the business commonly occur through direct B2B engagements, where enterprises partner with Forum Systems to enhance their API security and management frameworks. The company has a proven track record of securing over 10 billion transactions daily, indicating a strong demand for its services in managing mission-critical operations across its client base.Forum Systems plans to utilize its recent funding to expand its product offerings and penetrate new markets. Upcoming enhancements to Forum Sentry are designed to include advanced analytics and enhanced security features, with a targeted release date in the next 12 months. The company aims to expand its presence in Europe and Asia by 2025, leveraging its funding to strengthen marketing efforts and establish local partnerships. The Series B funding from GMG Capital Partners will support these initiatives, positioning Forum Systems to capitalize on the growing demand for API management solutions in these regions.

## Funding rounds

- Series B, Sep 23, 2003, $18M — CMS Companies, GMG Capital Partners

## Investors

- CMS Companies — Series B
- GMG Capital Partners (https://capitalatlas.ai/funds/gmg-capital-partners) — Series B