Covelight Systems CEO Selected to Speak at Mid-Atlantic Venture Association (MAVA) Capital Connection 2006 in Washington DC.CARY, N.C. -- Covelight Systems, an innovator of solutions for real-time identity-based monitoring of Web applications to detect fraud and identity theft, today announced that Spencer Snedecor, 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 Covelight Systems has been selected to speak at MAVA MAVA Mid-Atlantic Venture Association MAVA Minnesota Association for Volunteer Administration MAVA Martin Van Buren National Historic Site (US National Park Service) MAVA Massachusetts Association of Vocational Administrators Capital Connection 2006. Snedecor will outline Covelight's unique value proposition, demonstrable de·mon·stra·ble adj. 1. Capable of being demonstrated or proved: demonstrable truths. 2. Obvious or apparent: demonstrable lies. market momentum and tremendous opportunity to the mid-Atlantic investment community in a presentation on May 31, 2006 at 10:50 am in Presentation Room II at the Mandarin Oriental Hotel in Washington DC. "As always, we employed a rigorous selection process when choosing the companies that would fill the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. slots for Capital Connection 2006," said Gina Dubbe, Co-Chair of Capital Connection 2006 and Managing Partner of Walker Ventures. "The companies chosen to participate in the region's premier venture event join an elite class of regional successes stories who all debuted at Capital Connection, including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Advertising.com and UUNet." "Covelight is pleased to be chosen as one of the presenting companies at this year's Capital Connection, one of the region's premier venture investment conferences." says Snedecor, "We are proud of the work we are doing and honored to have that work recognized by MAVA." About Covelight Systems Covelight Systems is a leader in passive, real-time identity-based monitoring of Web applications to protect confidential data from online fraud and identity theft. Covelight's products, including Percept percept /per·cept/ (per´sept?) the object perceived; the mental image of an object in space perceived by the senses. per·cept n. 1. The object of perception. 2. (TM) and FraudProbe(TM), provide real-time visibility into critical Web applications, detect suspicious behavior, provide continuous identity-based auditing for compliance, and forensic data for incident investigation. Only Covelight delivers solutions to detect the external and internal threats to 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 and identity data accessed through Web applications, including account takeover fraud, insider identity theft, phishing Pronounced "fishing," it is a scam to steal valuable information such as credit card and social security numbers, user IDs and passwords. Also known as "brand spoofing," an official-looking e-mail is sent to potential victims pretending to be from their ISP, bank or retail establishment. activity and hacking. For more information, go to www.covelight.com. About MAVA/Capital Connection 2006 Produced by the Mid-Atlantic Venture Association (MAVA), Capital Connection is one of the nation's most successful and influential venture events. Over the years, MAVA venture fairs have helped to shape the region's entrepreneurial economy, generating more than $2.5 billion of venture investments in the presenting companies. MAVA represents private equity and venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. with investment interests in the mid-Atlantic. Founded in 1986, MAVA provides a wide range of programs, information and forums designed to facilitate quality deal flow, encourage collaboration, and foster relationships with entrepreneurs and investors in order to promote private equity investment. Membership includes more than 500 venture capital professionals representing nearly 125 firms with collectively more than $10 billion in capital under management. In addition, more than 250 key professional service providers from the legal, financial, executive search and consulting fields are also MAVA members. For more information, please visit www.mava.org |
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