IntelliGuard wins AUD$942,000 Research and Development Grant

10 May 2006 - IntelliGuard today announced that it has been awarded an AUD$942,000 grant from the Australian Commonwealth Government Department of Innovation, Science and Research program administered by AusIndustry. The “Commercial Ready” grant will be used over the next 18 months to complete IntelliGuard’s initial R&D program and commercialize its network security technology developed over the past two years in conjunction with the University of Melbourne.
“We are pleased to have a government that values the importance of innovation, and supports it through schemes such as “Commercial Ready,” commented IntelliGuard founder and CEO, Ken Baker. “AusIndustry was impressed by IntelliGuard’s ambition of tackling the most intractable internet security problems, and the innovative approaches it has devised for doing so. These funds will enable us to achieve our goal of launching the first in a range of planned network security appliances within 24 months as planned.”

About AusIndustry

AusIndustry is the Australian Government's business program delivery division in the Department of Innovation, Industry, Science and Research. AusIndustry delivers a range of more than 30 business programs - including innovation grants, tax and duty concessions, small business development, industry support and venture capital, together worth about $2 billion,  to more than 10,000 Australian businesses and 80,000 individuals every year.

About IntelliGuard

IntelliGuard is the leading provider of DDoS protection systems. IntelliGuard DPS series provides comprehensive DDoS protection, while the complementary Reporting System provides full-featured reporting for historical network views of traffic flows and incidents. IntelliGuard is a VC-backed privately held company headquartered in Melbourne, Australia, with offices in Hong Kong, Shanghai, and Seoul. The IntelliGuard DPS appliances are available from prices starting at US$45,000 for 1Gbps models. For more information, please visit www.IntelliGuardit.net