@Stake, a Cambridge, Massachusetts, security services start-up consisting of businessmen and hackers, has announced that it has received US$10 million in initial venture capital funding from Battery Ventures. The company's mission is to help organizations build secure e-commerce systems by safeguarding network connections, applications and content. The company lineup includes Chairman John Rando, formerly a Compaq Computer Corp. senior vice president; Vice President of Marketing Ted Julian, formerly of Forrester Research Inc.; and the vice president of research and development, who simply goes by the name Mudge. Mudge served as CEO/chief scientist at L0pht Heavy Industries, a hacker think tank.
The Burton Group, a Midvale, Utah, research and consulting firm, has acquired fellow research and consulting firm NetReference of Sterling, Virginia, for an undisclosed sum. The Burton Group, led by Jamie Lewis, has made a name for itself with its research on network services, such as directories and security.
NetReference, founded by David Passmore, has focused more on researching corporate and public network infrastructures.
Bluestone Software, a Philadelphia maker of Java and XML server platform software, has announced that a dozen additional independent software vendors (ISV) have committed to building applications to work with Bluestone software.
The ISVs include help desk software maker Brickhouse Data Systems, publishing software company Creative Sun and others.