Entrusted Communications Services -ECS- Announces Receipt of First Round Funding.Business Editors & High Tech Writers DALLAS--(BUSINESS WIRE)--June 11, 2001 Entrusted Communications Services, Inc. (ECS See eComStation. ) announced at Supercomm 2001 that it had received a five ($5) million-dollar first round investment from the Elbrus Fund out of Luxembourg and is in the process of negotiating a fifteen ($15) million dollar round with several parties for the next stage of financing. The money will be used to commercialize ECS's unique privacy and security applications that electronically protect voice, data and video intellectual property when it is transported over the Internet or stored on remote computers or playback devices. "Although the implosion implosion /im·plo·sion/ (im-plo´zhun) see flooding. im·plo·sion n. 1. of the dot com dot com - com and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business models are a major concern at the Elbrus Fund, we still have the good sense to invest in new technologies that we need to secure our own banking and communications infrastructure" said Eric Blum, Director of the Elbrus Fund. "ECS has demonstrated the technology to fill the major privacy and security hole in the Internet. They are extending standards-based Kerberos authentication processes into the connection authorization, service management and accounting processes that are major parts of enterprise networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. . Their planned managed service simplifies use and eliminates a large part of the administrative nightmare caused by trying to coordinate today's ever expanding router tables, firewall tables, Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. assignments, SLAs and security policies. Securing user files and transactions, on the fly in real time, should also facilitate the rapid growth of enterprise peer-to-peer and collaborative computing," said Blum. "Privacy and security do not exist on today's electronic networks," said Gary Brown This page is on the American footballer. For the Irish Rugby player see Gary Brown (rugby player). Gary Leroy Brown (born July 1, 1969 in Williamsport, Pennsylvania) is a former professional American football player who was selected by the Houston Oilers in the 8th round of , President of ECS. Today's voice and data service providers simply connect their subscribers to the hackers, crackers, pirates and thieves as part of their dump pipe business model. Enterprise operators are already spending over $20 billion a year in capital and millions of hours in administration, trying to protect their intellectual property and business data from the unsecured carrier links of today." "Our planned wholesale security service will enable leading edge carriers, ISPs, ASPs, System Integrators and data center operators to secure their subscriber's data, voice and video traffic on-line with virtually no change in their infrastructure. I think those service suppliers that provide secured traffic handling will survive and prosper. I assume the rest will be relegated to the dot com, data network and streaming media See streaming audio, streaming video and digital media hub. problems of the last year," said Brown. When Microsoft announced they were going to get serious about authentication security, Tim Chandler Tim Chandler (born February 3, 1960) is a bass player, best known for his work with the rock bands Daniel Amos, The Swirling Eddies (credited as Berger Roy Al) and The Choir. In 2000, when Daniel Amos was recording its Mr. , our CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , saw the opportunity to create a high value application service by extending the open system Kerberos authentication process into the evolving peer-to-peer network service space," pointed out Howard Gunn, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ECS. "Although we are patenting the new technology we created, we are not sure whether we will license the technology to other vendors or just turn it over to the Open Systems Foundation for continued enhancements," said Gunn. "In any case, we are planning to introduce the enterprise security services later this year with a large regional carrier and a host data center operator. We are also exploring partnerships and international joint ventures or acquisitions, to extend the new service for market share growth and global coverage," Gunn pointed out. ECS recently completed its prototype application validation on the Genovation-MSP(TM) (Multi-Services Platform) from ipGen, to insure service level interworking (standard) interworking - Systems or components, possibly from different origins, working together to perform some task. Interworking depends crucially on standards to define the interfaces between the components. between legacy circuit and packet infrastructures and the evolving MGCP See MGCP/MEGACO. MGCP - Media Gateway Control Protocol , Megaco, Sigtran, IPsec and SIP protocols. ECS is also using ipGen's Genovation-ACT(TM) (Applications Creation Toolkit) to rapidly prototype, test and validate its debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , real time rating, universal messaging, secured file transfer and digital voice and video connection call models. ECS will announce its Beta customer sometime in July. About Entrusted Communications Services Entrusted Communications Services, Inc. (ECS) is a Managed Services Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ). The company provides enhanced enterprise privacy and security services through carriers, ISPs, ASPs, System Integrators and host data center operators. The company's patent applied for Virtual Firewall(TM) and Inventory Tag(TM) applications work over circuit and packet infrastructures. ECS applications servers extend today's passive perimeter data security into an on-line end-to-end security process that can protect Intellectual Property (content) and enforce security policy controls over data and files, while in transit or when stored on remote computing devices. For more information on Entrusted please call us at (972) 501-3866. About The Elbrus Fund Elbrus is a privately held fund managed by the INVESTMENT BANK LUXENBOURG SA. and designed to achieve long-term capital growth by investing in unquoted companies spanning early stage, development capital, buy-ins and buy-outs, which are headquartered and have a significant part of their activities in Europe, U.S. and Asia. Elbrus concentrates on opportunities in telecommunication, Internet-based companies and healthcare but also has the flexibility to invest in other areas where it has special expertise in order to exploit market opportunities. About ipGen, Inc. ipGen, Inc. was formed in 1999 to focus on providing softswitch based solutions and multimedia applications for convergent wireless and wireline networks. ipGen, Inc. is a spin-off from Axes Technologies, Inc., a private corporation focused on contract telecommunications software and hardware developments for over 10 years. ipGen, headquartered in Richardson, Texas develops the Genovation(TM) family of products including the Genovation-MSP(TM) (Multi-Services Platform) softswitch, Genovation-ACT(TM) (Applications Creation Toolkit), protocol stacks and test tools for wireless and wireline carriers, next generation carriers, application service providers and enterprise networks. For more information on ipGen's products and services, please contact us at (972) 437 3330 or visit the web at www.ipgen.com. |
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