Israeli hi-tech company
has fired 30 of its 70 workers, TheMarker.com has learned.
The company commented that it cut staff in all divisions of both its American and Israeli offices.
It also said there are no plans to reduce its staff any more.
Finjan clarified that it is continuing to develop the next generation of its content security products. The company has two lines of products to protect e-business companies from first-strike hacker attacks.
The company was founded in 1996 by Shlomo Touboul. In 1997 it raised $10 million according to a post-money company value of $26 million.
In September 2000, sources near the company said it was about to secure $5 million in financing at a post-money company value of $20 million.
Finjan's investors include
, run by David Cowan, and the Japanese investment company