Icon News

The latest from inside Icon and our portfolio companies.


Ionic Security Secures $45 Million Growth Round

Amazon.com Inc., Goldman Sachs and Hayman Capital Join Impressive List of Equityholders Ionic Security Inc., a pioneer of high-assurance data protection and control, announced today that it has raised US$45 million in a growth round of funding and welcomed Amazon.com Inc., Goldman Sachs (NYSE: GS) and Hayman Capital as equity holders. This growth round brings the total funding to date for Ionic to US$122 million. Existing investors, including GV (formerly Google Ventures), Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, and Tech Operators also participated in the round. Goldman is an early Ionic platform adopter and was one of the company’s first customers. Funds will be used to accelerate the global adoption of the Ionic platform beyond the Fortune 100.


The Muse Raises $16 Million to Expand Career Ecosystem for Employers and Candidates


2016: The year VC investors return to capital efficiency



Origami launches the periodic table of marketing to make sense of big data chaos

Last quarter investors threw almost $700 million at marketers’ biggest problem: analytics. Today, Origami Logic presented its latest solution to the flood of data that marketing technology platforms generate, consume, and present.

The goal? Making sense of big data chaos.

Today Origami launched what it calls a “Marketing Signals Framework,” which aggregates, organizes, and prioritizes the data that marketers need to review to understand if they’re winning. Those marketing signals are from ad campaigns, search, mobile apps, email campaigns, web platforms, even print and TV marketing.



Duetto Introduces ScoreBoard, The Hotel Industry’s First Revenue Intelligence Platform

Duetto, which delivers the hotel industry’s most powerful Revenue Strategy solutions, is now offering an application that provides even greater insight into revenue and performance, helping hotels and casinos move beyond spreadsheets to better manage and grow their business on property and across entire portfolios. The new product, ScoreBoard, integrates seamlessly with property management systems to enable hoteliers to compile and centralize up-to-the-minute reports on performance data and forecasts, display custom reports in minutes and deliver big-picture insights across an entire company with one click.

Having built the industry’s leading profit optimization solution, Duetto Co-Founder and Chief Product & Analytics Officer Marco Benvenuti said ScoreBoard tackles another fundamental problem, leveraging cloud-based technology to provide managers something more than the static, inefficient spreadsheets they currently use to manage their businesses.

“Running a hotel with dozens of spreadsheets is an incredibly inefficient way to do business, but until now, that was the only choice,” said Benvenuti, who confronted the inefficiencies when he managed revenue for major casino resorts on the Las Vegas Strip. “It can take an army of revenue managers days or weeks to provide a company-wide forecast, and if one person makes a mistake in one spreadsheet, the whole project gets derailed. With ScoreBoard, hoteliers can now analyze and forecast performance and deliver actionable insights to key stakeholders in real time.”



Delphix Awards HPE CIO Award for Innovative Use of Data Virtualization

Delphix has awarded Hewlett Packard Enterprise (HPE) a CIO 100 Award for using data virtualization technology to support Hewlett-Packard Company’s (HP) corporate separation, completed in 2015. To complete this project, HP had an aggressive deadline of only 9.5 months wherein it needed to divide 6 data centers, 2,500 applications, 300,000 employees, 400,000 mailboxes, 74,000 application interfaces and their network connectivity, 560 IT projects with 4,000 project milestones and a total of 6, 000 new servers built.

A conventional approach to separating HP’s applications and databases would have relied on slow, manual processes to mobilize the data needed for regression testing, along with expensive, temporary staging environments. These traditional methods might not have allowed HP to adhere to its deadline. Instead, Hewlett Packard deployed data virtualization engines from Delphix, leveraging a tool that had never been used in the context of a corporate split.



Teladoc appoints former Pfizer vice chairman and CFO David Shedlarz to Board of Directors

Teladoc, Inc. (NYSE: TDOC), the nation’s leading provider of telehealth services, today announced that David Shedlarz, former vice chairman, executive vice president and chief financial officer of Pfizer Inc., has been appointed to its board of directors. ‎This appointment comes on the heels of last quarter’s board addition, Helen Darling, with both appointments responding to the need to support the rapidly expanding foothold Teladoc has secured in the evolving telemedicine industry. Mr. Shedlarz will serve on Teladoc’s Audit and Compensation Committees.

“We are thrilled to have a leader of David’s caliber join the board as we navigate Teladoc’s next phase of growth,” said Jason Gorevic, Teladoc chief executive officer. “His distinguished reputation and proven track record of success and integrity in the pharmaceutical industry will be tremendously valuable to Teladoc’s leadership team, and partners, as we continue to expand our participation and scope in the health systems and provider market.”



Duetto Accelerates Expansion throughout Europe

Duetto, the market leader in hotel and casino profit optimization technology, announced that it added more than 40 hotels and 7,500 rooms in Europe in just two months.


Duetto now has more than 500 hotel partners in Europe, including iconic individual hotels, regional brands and some of the biggest hotel companies on the continent. Duetto also appointed Justin Sadler-Smith as Vice President of Sales for the EMEA region and Gary Torres as Director of Deployment, and has more than doubled the size of the company’s London EMEA headquarters in less than a year. Duetto’s new London office is located at 2-6 Boundary Row, near one of London’s most vibrant technology corridors.



TRUSTe Assessment Manager Passes 1,000 Company Milestone; Version 3.0 of Award Winning Privacy Solution Released

TRUSTe announced today that more than 1,000 companies are now using their award winning Assessment Manager solution to assess and manage privacy compliance risk. The Assessment Manager 3.0 release introduces a host of new features including support for TRUSTe managed assessments, enhanced reporting, an expanded privacy template library, and streamlined project workflow. The new features enable businesses of all sizes and privacy maturity to address emerging privacy challenges including EU Privacy Shield, EU General Data Protection Regulation (GDPR), and vendor risk.

Marcus Morissette, eBay Global Privacy Officer and Privacy Counsel noted, “eBay is dedicated to meeting the privacy expectations of both our employees and consumers. We know that the privacy landscape is a fast-moving one which is why we selected TRUSTe Assessment Manager as the foundation of our enterprise Privacy Impact Assessment (PIA) process to stay ahead of business change and meet the needs of the EU GDPR. TRUSTe has one of the most advanced PIA solutions on the market – it’s specifically built for privacy teams. We’re excited about the organizational awareness Assessment Manager is creating and the continued evolution of the solution.”

Initially launched in March 2015, Assessment Manager is a SaaS technology solution and part of the comprehensive TRUSTe Data Privacy Management Platform, providing privacy professionals with solutions to manage all phases of their privacy program, from assessing risk to remediating gaps, to ongoing monitoring and compliance reporting.



World Wide Technology and Awarepoint Partner to Deliver Location as a Service Globally

Awarepoint Corporation, an innovative and fast-growing company focused on the location services market, today announced that it has partnered with World Wide Technology, Inc. (WWT), a market-leading systems integrator, to deliver Awarepoint Location as a Service to customers globally.

“WWT is one of the largest and most respected systems integrators in the industry, and we are excited to be working closely with them to speed up adoption of Real-time Location Systems (RTLS) in healthcare and other industries,” said Karl Riesen, Vice President of Business Development with Awarepoint.



RedSeal CEO: Navigating The Security Landscape | Mad Money | CNBC

RedSeal CEO Ray Rothrock on the latest in cybersecurity: “Navigating The Security Landscape,” an interview with Jim Cramer on MadMoney on CNBC.




CloudPhysics Unveils Cost Calculator for Private Cloud with Public Cloud Comparison Tool

CloudPhysics, provider of data-driven insights for smarter IT, today introduced the Cost Calculator for Private Cloud with the Public Cloud Comparison tool. This data-driven solution automates the process of determining the accurate costs of a customer’s currently resourced on-premises Virtual Machines (VMs). Customers can compare those amounts to the costs for the same VMs if they were migrated to a public cloud.

The Cost Calculator for Private Cloud allows the customer to rightsize VMs by comparing a VM’s current resources, such as CPU and storage, with the amount the VM actually requires to perform its functions. Because many VMs are overprovisioned with resources, rightsizing helps a customer save costs per workload, whether on-premises or in the cloud. By rightsizing workloads, customers are assured that VM provisioning fits actual usage.



Huddle Strengthens Security for External Collaboration

Huddle, the leader in secure collaboration tools for enterprise and government, today announced general availability of the Unified Authentication Portal. Account managers can now apply authentication and security policies such as Single Sign On (SSO) across Huddle’s web, desktop and mobile apps in one step, simplifying the process of keeping content secure. Coupled with more granular permissions control and additional mobile security features, enterprises now have even greater control over internal and external access to content in Huddle.

With the ever-increasing risk of data breaches, security has become paramount in today’s enterprise organization. This need is even more evident for professional services firms, who often handle large volumes of extremely sensitive client data, or work on projects with clients or partners outside of the organization. Huddle’s 2016 global survey of professional services firms identified robust data security as a crucial factor for winning new business, with 12 percent of firms citing data breaches as a specific and direct cause of client losses.

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