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FirstCapital secures venture capital financing for Webscreen Technology
Funding for network security appliance

London, 18 July 2001


FirstCapital, the technology corporate finance house, has completed a £1,000,000 venture capital funding for Webscreen Technology, an infrastructure appliance provider. Funds were committed by East River Ventures, an East Coast venture capitalist in the US and Saffron Hill Ventures, both of which will have representation on the company’s board of directors.

Webscreen Technology has developed a hardware device (WebScreen) designed to eliminate the effects of a Distributed Denial Of Service attack.  DDoS is a new breed of attack which has already disrupted high profile websites such as yahoo, ebay, CNN, Microsoft and BT, causing a great deal of bad publicity and financial loss. Webscreen’s inbuilt algorithm parameters prevents malicious traffic from entering the network whilst allowing legitimate traffic to pass unhindered.

Gary Milo, CEO of Webscreen Technology, says “This funding will allows us to complete the development of the product, fund it through to launch and enable initial operations.

“Companies who have verified a clear problem in the market and have customer crying out for their solution, will be the ones that get funded,” says Jason Purcell of FirstCapital.  DDoS attacks are extremely difficult to prevent.  Webscreen Technology is a company with a proprietary offering mitigating the threat, effective in its operation and is both scalable and defensible.

About FirstCapital

FirstCapital is an investment bank that specialises in fund raising and mergers and acquisitions advice for high growth technology companies. Established in 1999, it has offices in London and Cambridge, UK. Clients include entrepreneurs, technology companies and investors in private companies.

Our team is experienced in a wide variety of deals, from growth companies to multinationals in both UK and international cross border transactions. We provide pro-active, informed, full service deal management, including assistance with strategy and planning, finding and approaching investors or M&A targets, valuations and hands-on transaction execution.
We work in partnership with our clients to achieve their goals, offering impartial advice and support based on our knowledge of the market and of each client's individual requirements, and sharing alongside them in the risks and the rewards of success.

FirstCapital is authorised and regulated by the UK Financial Services Authority.

For more information, contact: Jason Purcell, CEO on +44 (0)20 8563 1563 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .