Current economic conditions are making it rough for most tech startups to survive, unless of course they’re hawking some sort of social networking or as-a-service widget. For those that are thriving, the path to success no longer ends in an IPO—In the first three quarters of 2008, there were just 6
IPOs of venture-backed companies, the lowest volume since 1977—but typically in being swallowed and subsumed by a larger corporation.

Even given these gloomy realities, a handful of security startups are working to draw attention to themselves, even amidst the market chaos and slave-like adoration of Web 2.0 technologies. Here are four of interest to bank security specialists that will appear at VentureWire’s upcoming technology showcase in Silicon Valley:

Armorize: Santa Clara and Taiwan-based Armorize has been around with its Web application security product suite since 2005, but a recent deal with Germany-based art of defence integrates AOD’s Web application firewall into the app sec product line.

Bit9: This enterprise application whitelisting vendor is gaining significant traction, including partnerships with or certifications by McAfee and Symantec.

OpenTrust: The Europe-centric firm focuses on creating trusted computing environments, with security products for everything from networks to access management, digital certificates, smart card management and secure file exchange.

Semtek Innovative Solutions: The San Diego-based hardware and security vendor specializes in helping vendors like VeriFone secure card transactions via its triple DES encryption technology.

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