High Tower Software Shuts Down

Aliso Viejo-based High Tower Software, a venture-backed developer of security, compliance, and log management software, has shut down. A spokesperson at the firm told socalTECH that the shutdown occurred yesterday, and that the firm is now in the process of looking for buyers of its technology. High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F. Shea, Kinship Partners, Liberty Partners, Merrill Lynch Ventures, and the Tech Coast Angels. The firm had raised at least $24M in funding, and was founded in 1999. The firm declined to comment on the number of employees affected by the shutdown.