Name: Brabeion Software Corp.
Founded: June 2004
Funding: The company raised $5 million in a series A round of venture funding from TD Capital Ventures of Boston; Longworth Venture Partners of Waltham, Mass.; and Walker Ventures of Glenwood.
Big idea: Brabeion acquired software from PricewaterhouseCoopers that helps companies create, manage and disseminate information technology security policies throughout their organizations. It supports 60 different technologies. Brabeion is also creating a product that helps companies measure their IT security compliance. "You define the level of risk you're willing to accept, and then you use our tool to measure how compliant you are," said Julian Waits, president and chief executive.
Example of use: A public company concerned about meeting requirements of the Sarbanes-Oxley Act on corporate governance would use Brabeion's software to document the security of its IT assets.
Big-name customers: Chevron and Norfolk Southern.
Price: Starts around $75,000 and increases depending on the size of the operation and the number of users.
Who's in charge: Waits, president and chief executive; Greg Pomeroy, director of sales; and Surajit Chatterjee, chief technology officer and vice president of engineering.
Employees: 15, although Waits hopes to double that number in the next six months.
Web site: www.brabeion.com
What the name means: "I came up with the name," Waits said. "It's a Greek word and it stands for 'the prize'. It started off as a code name for the project and later became the name for the company."
-- Andrea Caumont