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Teneros

Conference: DEMO Spring 2010
Market Segment: Enterprise Software and Services
Funding Amount: More than $50,000,000
Funding Round: N/A
Funding Details: Teneros received $8 million in Series E funding in November 2009, $40 million in Series D funding in January 2008, $20 million in Series C funding in April 2006, $17.5 million in Series B funding in March 2005, and $7 million in Series A funding in July 2004.
Competitors: No direct competitors. Indirect competitors include Websense, Bluecoat, Radian 6, and Sysomos.
Product Description: Social Sentry enables businesses to monitor employee activity on social networks such as Facebook and Twitter. It provides granular, real-time tracking to eliminate significant corporate risks related to compliance, leakage of sensitive information, HR issues, legal exposure and brand damage. The solution can identify and monitor employee public communication happening from any location, within the corporate network or public Internet. Social Sentry is easy to deploy and is affordable as a SaaS offering.
Market Opportunity: Nielsen reports that Facebook saw a 700% increase from 2008 to 2009, while Twiitter saw a 3,714% increase in users. Further, a survey by Proofpoint said that social networking related exposure incidents have increased from 12% to 17% from 2008 to 2009, and is expected to continue to grow.