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NetVision, Inc. Secures Growth Capital
Funding Managed Services Strategy

NetVision completed Series B financing in a round led by vSpring Capital.

American Fork, UT – April 22, 2009 – NetVision completed Series B financing in a round led by vSpring Capital with participation from Series A lead investor Prospector Equity Capital.

The funds will be invested to develop and market NetVision's SIMON managed service for auditing access to networks and unstructured data and its use.

"NetVision's managed service expands the availability of best-practice access auditing to customers who want answers without having to manage yet another security solution", according to NetVision's CEO, David Rowe, "We are gratified by the endorsement of vSpring Capital and the continued support of our investors."

"With a decade of access auditing expertise and a progressive delivery strategy, NetVision is positioned to provide – on a broad scale – to a new generation of access security challenges posed by increased regulatory compliance, cloud computing, and virtualization", explains vSpring Managing Partner, Ed Ekstrom.

NetVision has provided access management and security solutions to 600 customers over the last decade. NetVision launched the SIMON managed service in December, 2008 to meet demand among their clientele which has grown by 10% in the intervening quarter.

About NetVision

NetVision offers access rights reporting solutions that enable organizations to easily and automatically obtain the most relevant and actionable information needed to protect their assets, mitigate risk, and reduce the cost and complexity of compliance and audit. NetVision's patented technology platform combines advanced event filtering with real-time monitoring, from-the-source data collection and a powerful and flexible reporting engine to deliver immediate answers to critical identity and access rights questions. Since the company's founding in 1995, more than 600 companies around the world have used NetVision to improve security, reduce risk, and enhance operational efficiency. For more information, contact NetVision online or call 1-877-828-9180.


NetVision and the NetVision logo are trademarks of NetVision, Inc. All other company and product names may be trademarks or registered trademarks of their respective companies.

About vSpring Capital, L.P.

vSpring Capital (www.vspring.com) is an early-stage venture capital firm with $394 million under management. With offices in Utah and New Mexico, vSpring invests in information technology and life science companies that have the potential to transform their markets and create lasting value.


About Prospector Equity Capital, L.P.

Prospector Equity Capital, L.P. (PEC) is a private equity fund based in Park City, Utah, with primary funding from major public institutional investors. The three principals of PEC are focused on assisting small businesses with unique value propositions to accomplish their strategic objectives. Together, the principals have invested over $200 million of private equity in over twenty companies in the last twelve years.



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