Certia Adds $6 Million in Venture Capital; Investment Earmarked for Growth of Digital Security and Control Solutions.Business Editors/Hi-Tech Writers HERNDON, Va.--(BUSINESS WIRE)--Feb. 27, 2001 Certia Incorporated (www.certia.com), a leading provider of solutions for securing and controlling e-business transactions, communications and content over the Internet, announced it has received a commitment of $6 million in investments. In a third round of funding led by ABS Ventures, (www.absventures.com) Certia will use the most recent investment to further extend deployment of Certia products. "When we made our initial investment in Certia, we realized they were developing what would become far-and-away the best technology for securing e-business transactions," said John Burke For other persons named John Burke, see John Burke (disambiguation). John Burke (February 25 1859–May 14 1937) was an American lawyer, jurist, and political leader from North Dakota. Burke was born in Keokuk County, Iowa and moved to the Dakota Territory. , ABS principal. "The big advantage to Certia's offering is that it's easy to use. We've found that corporations, especially in the health care and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sectors, are in dire need of a high-level security system that is simple to implement and use. Certia's software and architecture are perfectly suited to that." "We are pleased that investors are seeing the potential in Certia and, primarily, the benefits our CerTrax product brings to e-business," said Paul Zoukis, 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 Certia. "E-business needs security. The concept of trust has always been important in business, and the Internet has made the ability to establish trust a lot harder. Certia has been able to provide solutions for its customers that establish that critical level of trust and control in the world of e-commerce." CerTrax is a full suite of extended PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of (public/private key infrastructure) solutions available only from Certia. CerTrax utilizes the latest PKI encryption tools from RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. (www.rsa.com), combined with Certia's patent-pending technologies and processes to secure any type of electronic file anywhere. CerTrax has two flexible PKI deployment options: CerTrax Managed PKI Service is a hosted PKI solution designed for organizations that want to completely outsource the operational responsibilities associated with the deployment, administration and operation of PKI. CerTrax Enterprise Solution is designed for organizations that have the experience, skills and desire to support an in-house PKI implementation. About ABS Ventures ABS Ventures is an independent venture capital firm with offices in Baltimore, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , 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 and Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. . The Firm has invested in over 100 companies since 1982, generally as a lead. ABS makes both early-stage and growth capital investments throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in telecommunications, software, and Internet/New Media companies. ABS has made numerous investments in each of these targeted areas over time, including Sun Microsystems, Daleen Technologies, Telogy Networks, Wellfleet Communications, Cascade Communications, Nuera Communications, Lifeminders, Personify per·son·i·fy tr.v. per·son·i·fied, per·son·i·fy·ing, per·son·i·fies 1. To think of or represent (an inanimate object or abstraction) as having personality or the qualities, thoughts, or movements of a living being: , Aether Systems, Transmeta, DigitalThink and USA.net. About Certia, Inc. Certia Incorporated, based in Herndon, Va., offers a suite of extended PKI solutions that provide organizations the means to dynamically establish the trusted relationships and transactions necessary in doing business over the Internet. Whether deployed within the enterprise or used via the CerTrax Managed PKI Service, customers avoid the cost, complexity and administrative burdens typically associated with PKI, without sacrificing any of the benefits. CerTrax easily and permanently secures and controls any file or transaction regardless of type or size. As a result, customers are able to send, share and sell their confidential and proprietary information over the Internet without fear of disclosure or misuse. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion