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Intrusion, which provides a family of software products for enterprise security, announced terms for its IPO on Monday.

The Richardson, TX-based company plans to raise $44 million by offering 3.1 million shares (35% insider) at $14.32, the last close of its shares on the OTCQB (INTZ). At the proposed price, Intrusion would command a market value of $242 million. 

Intrusion develops, markets, and supports a family of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. Its end-user customers include US federal government entities, state and local government entities, large and diverse conglomerates, and manufacturing entities, among others. Its product families include TraceCop, a database of worldwide IP addresses, registrant information, and their associations; Savant, a high speed network data mining and analysis hardware and software product; and Shield, which is currently in development to be a next generation intrusion detection and protection solution.

Intrusion

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