ASPSecure.com Closes $9 Million in Funding.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 20, 2000 Major Investment Groups, High Tech Entrepreneurs and Executives from Europe, Japan and Silicon Valley Invest in ASPSecure.com ASPSecure.com Corporation, a supplier of Digital Rights Management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) software and services to the worldwide Application Service Provider (ASP) market under a license from InterTrust Technologies InterTrust Technologies Corporation was founded by Victor Shear in 1990 to develop and market technologies for digital rights management (DRM). Its initial public offering (IPO) was in November 1999. It was purchased by Sony and Philips in November 2002. Corporation (Nasdaq:ITRU), today announced the successful completion of an initial $9 million round of financing. The investors included major investment groups, entrepreneurs, and executives from Europe, Japan, Silicon Valley and Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. . ASPSecure.com was launched in October of 1999 with a long-term partnering and licensing agreement from InterTrust to develop Meta-Trust CertifiedTM applications and to provide information data center services for the worldwide ASP market. ASPSecure.com uses InterTrustTM digital rights management (DRM) technology as the basis of its products and services. ASPSecure.com solutions facilitate eCommerce by providing secure business environments for distributing digital content as well as new ways to generate revenue for ASPs and their information providers. The major investment groups participating in this round were The Stephens Group of Little Rock Arkansas, Roger Engemann & Associates, Inc of Pasadena California, First Albany Corporation of Albany, New York For other uses, see Albany. Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers. , Kistler Associates of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York and a large investment group out of Denver Colorado. The round also includes investments from some of the computer industry's leading executives including, Larry Martin Larry Martin (born 1943) is an American vertebrate paleontologist and curator of the Natural History Museum and Biodiversity Research Center at the University of Kansas. Among Martin's work is research on the Triassic reptile Longisquama , former chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Data Dimensions Inc., Whitney Lynn, former CEO of Borland, Fabrizio Caffarelli, founder and CEO of Incat Systems Software, Robert Weber Robert Weber may be:
"I was gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the overwhelming interest in ASPSecure.com's plans to bring InterTrust's DRM technology to the rapidly growing worldwide ASP market," said Larry McArthur, president and CEO of ASPSecure.com. "It appears there is a strong consensus among the large investors and the leaders of the computer industry that ASPs must deploy DRM systems to attract the best digital information (content) and the privacy conscious customers to their vending sites." In addition to the first round investors, InterTrust Technologies Corporation made a minority investment in ASPSecure.com in connection with the partnership announced in December. The equity will be used to fuel operational resources necessary to develop the required infrastructure for growth and to aggressively market ASPSecure.com's product and service offerings. ASPSecure.com ASPSecure.com offers custom designed Digital Rights Management (DRM) software products and services to ASPs, their content providers, suppliers, and customers. Based on InterTrust's (Nasdaq:ITRU) DRM technology, ASPSecure.com provides integration services and training as well as usage and financial clearing services to ASPs, their content providers, suppliers, and customers. ASPSecure.com was formed to address ASP integration and e-business opportunities. The company's approach enables persistent protection of digital content online or offline, usage and time-based billing, improved customer transactions and data privacy, customer-to-customer superdistribution, and access to the global MetaTrust Utility financial and usage clearing network. ASPSecure.com is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . The company's web address is www.ASPSecure.com. InterTrust is a registered trademark of InterTrust Technologies Corporation, and the InterTrust logo, MetaTrust, and MetaTrust Utility are trademarks of InterTrust Technologies Corporation, all of which may or may not be used in certain jurisdictions. All other brand or product names are trademarks or registered trademarks of their respective companies or organizations. |
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