Authentor Systems Receives $4.5 Million Second-Round Funding, Brings Total Raised to $12.5 Million.Business Editors ENGLEWOOD, Colo.--(BUSINESS WIRE)--July 2, 2001 Authentor Systems Inc., a provider of integrated Web access management and authentication systems, today announced it has received $4.5 million in second-round funding from investors SI Ventures, FLV FLV Flash Video FLV Forced Liquidation Value FLV Flanders Language Valley fund (Belgium) FLV Foreign Leave FLV Foreign Liaison Visit FLV Future Large Vehicle Fund, Catalyst Partners, 5280 Partners and iSherpa Capital. The company will use the new funds to expand its technology, service offerings and customer base. The second round of funding brings the total amount Authentor has raised to more than $12.5 million. "Securing this funding in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of the recent economic downturn, and in a relatively short time, is an extreme vote of confidence in Authentor, our management team and the value of our SmartPath product," said George Schad, chief executive officer of Authentor Systems. "With this level of funding, we can aggressively drive toward our goal of being an undisputed leader in secure Web access management." John Halligan John Halligan (4 May 1876 – 11 December 1934) was an admiral of the United States Navy in the early 20th century. Halligan, born 4 May 1876 in South Boston, Mass., graduated from the United States Naval Academy at the head of his class in 1898. , managing partner of SI Ventures, added, "Authentor's linking of behavior-profiling technology with Internet access See how to access the Internet. and security policies will play a key role as companies continue to use the Internet to conduct business." Peter Smith, general partner of 5280 Partners, said, "Verifying the identity of Web users and controlling the applications, content and transactions each individual is authorized to access is an absolute requirement for companies with substantial e-business initiatives. Authentor's business plan addresses these critical security issues with innovative technology." Authentor's first release of its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , SmartPath(TM), announced in early June, addresses the security challenges companies face as they provide an increasing number of employees, customers and partners with access to online information. About SI Ventures SI Ventures is a venture-capital firm specializing in information technology and communications infrastructure companies that enable e-business. As an affiliate of Gartner, the world's leading provider of information technology research, advisory and consultative services, SI Ventures is able to leverage the industry insight of top IT executives and more than 1,200 analysts worldwide to evaluate and provide strategic direction to emerging companies. The firm has offices in Fort Myers Fort Myers, city (1990 pop. 45,206), seat of Lee co., SW Fla., on the Caloosahatchee River, near the Gulf of Mexico; founded 1850, inc. 1905. It has a tourist trade and light industry and is a shipping point for citrus fruits, winter vegetables, flowers (especially , Fla., Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo., and Stamford, Conn., and works closely with an advisory board comprised of senior executives with leading technology companies nationwide. For more information, visit http://www.siventures.com or call (941) 561-4760. About FLV Fund FLV Fund (Nasdaq Europe: FLVF) is the first global selective fund to focus entirely on companies developing speech, artificial intelligence and language technology applications. FLV Fund provides venture capital to companies with high growth potential in the telecommunications, personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. , multimedia, automotive, industrial, security, consumer electronics, consulting and services industries. Headquartered in Ieper, Belgium, FLV Fund has offices in Singapore, Silicon Valley and Boston. For more information, visit http://www.flvfund.com or call (650) 917-0935. About Catalyst Partners Inc. Catalyst Partners Inc. is a venture-capital firm based in Colorado Springs, Colo., that provides financing and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services to start-up and early-stage information technology companies headquartered in the Rocky Mountain Region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. . For more information, visit http://www.catalystpartnersinc.com or call (719) 475-0325. About 5280 Partners 5280 Partners is a Denver-based venture-capital firm that focuses on information technology and communications infrastructure companies that enable e-business. For more information, call (303) 333-1215. About iSherpa Capital iSherpa Capital is a Denver-based venture-capital firm focusing on wireless and supporting technologies. iSherpa combines an experience-based, execution-focused approach with world-class resources, including strategy, leadership, operations and capital, to guide entrepreneurs and their companies to success. For more information, visit isherpa.com or call (303) 645-0500. About Authentor Systems Inc. Authentor Systems Inc. develops and markets Web access management and authentication systems that enable companies to cost-effectively provide secure access to online information and applications. The company's flagship product, SmartPath(TM), is a combination of hardware, software and a proprietary behavior-profiling engine that integrates access control and authorization with authentication. Headquartered in Englewood, Colo., Authentor partners with leading technology companies, including RSA Security RSA, The Security Division of EMC Corporation, is headquartered in Bedford, Massachusetts, and maintains offices in Ireland, the United Kingdom, Singapore, India, and Japan. RSA organizes the annual RSA conference. , Data Connection Limited, eGuanxi, Ingrian Systems and M2M M2M Machine-to-Machine (communication, mainly mobile) M2M Minutes to Midnight (Linkin Park album) M2M Mobile to Mobile (cellular phone) M2M Member-to-Member M2M Month to Month Matrix. For more information, visit http://www.authentor.com or call (303) 792-3726. |
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