Upstart rides "change control" compliance wave

All the marketing from vendors can glaze your eyes pretty quickly. But Solidcore Systems of Palo Alto may be onto something with its "change control" focus. It has raised another $10 million in a fourth funding round led by JAFCO Ventures. Existing investors Matrix Partners, Menlo Ventures and Sevin RosenFunds also took part. The company also picked up an award from Info Security Products Guide, which named its S3 Control the winner of the 2007 Global Product Excellence award for change control. So what is change control? Basically it refers to systems that attempts to monitor and validate (and thereby prevent unauthorized) changes across IT systems to comply with control audits. So the idea is to control changes to code in systems that could have a materially reportable effect. Automating processes in this regard is increasingly seen as crucial. One expert notes the "logic bomb" detonated by a UBS Paine-Webber employee. More than 2,000 servers and 400 branch offices were affected. The cost: An estimated $3.1 million. So it makes sense to at least think about providing adequate controls against such instances.

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- read the press release