Authentica Raises $4 Million in Additional Financing; Inside Round Demonstrates Investor Confidence and Support For Company's Progress and Direction.Business/Technology Editors WALTHAM Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass.--(BUSINESS WIRE)--Oct. 28, 2002 Authentica, Inc., the premier provider of content security software for protecting corporate intellectual property and confidential business information, today announced the closing of a $4 million series B round in additional financing. The inside round of funding from existing Series A investors comes as Authentica has experienced its fourth consecutive quarter of new sales growth. This additional funding will support all corporate operations as the company moves toward profitability. 3i US led the round with participation from other Series A investors including Greylock, Intel 64 Fund, North Bridge Venture Partners, Norwest For the sniper, see .
Norwest Corporation Venture Partners, and Venrock as well as some individual investors. "Authentica continues to make significant progress in its penetration of key market segments," said Allan Ferguson, managing director of 3i US. "We feel the content security market has tremendous potential and we believe Authentica is well-positioned for continued growth as a leader in this market. We look forward to working with Authentica to take the company to the next level." "We are proud that we continue to instill in·still v. To pour in drop by drop. in  stil·la tion n. investor confidence
particularly given this current investment climate," said Lance
Urbas, president 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 Authentica. "As of September 30, 2002,
our revenue is 150 percent over last year's total revenue, and our
new sales bookings have climbed steadily for four consecutive quarters.
We are building a strong sales track record and are encouraged by the
quantity of healthcare organizations, financial institutions,
manufacturers, and government agencies turning to our content security
software to protect their e-mail and documents."
Companies like AdvancePCS, BlueCross BlueShield, CaseCentral, Corning, Dowling and Partners, Ford Motor Company, Maersk, Merck & Company, Microsoft, TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc , United Healthcare, and several government agencies are using Authentica's products to easily protect valuable 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 shared within and beyond organizational boundaries. Authentica offers organizations the broadest range of content security options, from Secure Delivery for point-to-point information security, to Secure Content for continuous protection and lifecycle control of content after delivery. Authentica's content security suite includes: -- Authentica Secure Gateway: software that enables organizations to systematically protect all outgoing messages and documents without any changes to their internal e-mail workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. or extra steps or training for users. It is the first content security software that combines easy-to-use e-mail encryption E-mail encryption refers to encryption, and often authentication, of e-mail messages. E-mail encryption usually relies on public-key cryptography. E-mail encryption protocols Popular protocols for e-mail encryption include:
-- Authentica Content Security Server: an easy-to-use and easy-to-deploy enterprise application for securely delivering or persistently protecting documents and large files, whether they are shared internally or between companies. It provides both Secure Delivery for point-to-point file security, and Secure Content for continuous protection and lifecycle control of files after delivery. -- MailRecall(TM), PageRecall(TM) and NetRecall(TM): products that protect information persistently even after it's 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 (or "recall") of information. About Authentica Headquartered in Waltham, MA, 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, Symantec Corporation, Canaan Partners, Greylock, Intel 64 Fund, North Bridge Venture Partners, Norwest Venture Partners, JP Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , and Venrock. For additional information, please visit www.authentica.com or contact us at (781) 487-2600. Authentica is a registered trademark, and MailRecall, PageRecall, and NetRecall are trademarks 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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