Authentica Named One of the Most Promising Technology Visionaries by Pentagon's Office of Force Transformation.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 27, 2003 Authentica's Content Security Software Selected as Breakthrough Innovation for Department of Defense Transformation Efforts Authentica, Inc., the premier provider of content security software for protecting intellectual property and confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead , today announced that it has been named one of the most promising technology companies by the Pentagon's Office of Force Transformation (OFT). The OFT was established as part of President Bush's broad mandate to transform Department of Defense (DoD) agencies with cutting edge technologies to ensure an overwhelming and continuing competitive advantage for America's military. The OFT has teamed with venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] to identify promising technologies among commercial research and development efforts throughout the U.S. One of these firms, Tech Coast Angels, working with the OFT, invited 85 companies to participate in a Technology Showcase to educate the DoD on high-tech breakthroughs. Of these 85 companies, Authentica(R) was one of 17 that emerged as offering the most promising technology for the DoD's transformation efforts. "Part of our mission is to broaden the DoD's capabilities base and to discover, create, or cause to be created new competitive advantages for our military. High-tech innovations coming out of commercial entities can help to establish new competitive areas and advantages. Because the venture capital community is so closely attuned at·tune tr.v. at·tuned, at·tun·ing, at·tunes 1. To bring into a harmonious or responsive relationship: an industry that is not attuned to market demands. 2. to innovative and emerging companies, we teamed with venture capital firms to bring these new technologies and solutions to the DoD's attention at the Technology Showcase," said Scott Buchanan, transformation strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns at the Office of Force Transformation. "Authentica's digital information protection technology was selected based on a survey of our DoD agency customers." "The Department of Defense and government intelligence agencies have been early adopters and users of Authentica's solutions," said Lance Urbas, 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. and president of Authentica. "They were among the first organizations to leverage our software to persistently protect, centrally track, and recall sensitive information that is distributed both internally and externally to other agencies. Our selection by the Office of Force Transformation further validates our solutions' added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States ." Government agencies have been using Authentica's software to protect intelligence reports that are shared among different agencies without losing control over who can access that sensitive information and how they can use it (e.g., copying, printing, forwarding). Authentica's content security solutions protect e-mail, documents and Web content. They can protect information persistently even after it is downloaded, allowing full control over distribution, printing, expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created and revocation The recall of some power or authority that has been granted. Revocation by the act of a party is intentional and voluntary, such as when a person cancels a Power of Attorney that he has given or a will that he has written. of information. About Authentica Headquartered in Waltham, Mass., Authentica, Inc. is a leading provider of content security software for protecting valuable and confidential information shared within and beyond corporate boundaries. The company's suite of enterprise-ready products combines patented dynamic rights management capabilities with industry standard encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. , authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and access controls. Designed for a wide range of applications, Authentica's products ensure the secure delivery of information and provide continuous control over content even after it's delivered to recipients. Authentica provides its product suite to the healthcare, manufacturing, financial and legal industries as well as government agencies. Authentica investors include 3i US, Canaan Partners, Greylock, Intel 64 Fund, JP Morgan, North Bridge Venture Partners, Norwest Venture Partners, Symantec Corporation, and Venrock. For additional information, please visit www.authentica.com or contact us at (781) 487-2600. Authentica is a registered trademark of Authentica, Inc. All other brand or product names are or may be trademarks of, and are used to identify products or services of, their respective owners. |
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