Application Security, Inc.

Application Security, Inc.

Application Security, Inc.

Date Founded



70 West Madison,Suite 1050,Chicago, IL 60602

Type of Company



Computer Software

Company Description

Application Security, Inc. develops security software for relational databases and big data stores. It helps businesses and government agencies uncover critical configuration mistakes, access control issues, missing patches, or any toxic combination of settings that could lead to denial-of-service attacks, unauthorized data modification and data breaches. The company was founded by Eric T. S. Gonzales and Aaron C. Newman in 2002 and is headquartered in Chicago, IL.

Executives & Employees

Chief Financial Officer

Vice President, Services & Chief Security Officer

Vice President-Engineering


Chief Executive Officer

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Recent Transactions
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Trustwave Holdings, Inc. purchases Application Security, Inc.

Transaction Advisors
Investment Advisor

Advised onTrustwave Holdings, Inc. purchases Application Security, Inc.

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Co-Founder at Application Security, Inc.

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Co-Founder at CloudCheckr, Inc.

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Paladin Capital Group focuses on investments in growing companies with products and services that address homeland security needs and enhance critical infrastructure.The Paladin III is a multi-stage private equity fund that focuses on investments in companies that can strengthen a country's critical infrastructure. They invest in companies with existing solutions for preventing, defending, coping with and/or recovering from threats to the nation's critical infrastructure and to homeland security. Their primary areas of interest include: mesh networks, information technology services, data storage, business process software, network management software, detection, biometrics, search software, electronic/network hardware, alternative energy, clean energy technologies, network security, communications interoperability and reconstruction, biological/chemical/radiological remediation, protective equipment, asset tracking and container security. Companies must have a proven technology with dual use commercial and Government applications. They must also have: (1) a strong management team (2) the potential for high growth (3) meaningful market opportunities (4) a relevant Board and customers (5) the potential for industry leadership and top tier status and (6) a clear exit strategy. The Fund invests across all stages, but focuses on expansion stage opportunities. Investments range from $5 million to $25 million.The Paladin Capital Partners Fund invests in small to medium size, market-leading companies with proven management teams, strong business plans and products/services with the potential to capture top tier market share.The Paladin Homeland Security Fund invested in companies with products and services that address the broad homeland security market.

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