U.S. and World Newswire : Business : Funding and Investment News

---

Authernative, Inc. Raises $2.5 Million in Series A Funding to Extend Its Position as Emerging Provider of User Authentication and Identity Management Solutions

Published: Wed, 12 Apr 2006, 16:09:00 GMT

Edited by Christopher Laird Simmons

REDWOOD CITY, CA - April 12 (SEND2PRESS NEWSWIRE) -- Authernative, Inc., the developer of innovative user authentication and identity management technologies, has raised $2.5 Million in Series A financing from venture capital and distinguished private investors including First Round Capital, WS Investments, Dave Duffield, Peggy Taylor, Ron Conway, and Scott Seligman.

As cyber crime continues to proliferate, hindering e-business confidence and fueling regulatory pressure, organizations are compelled to protect their digital assets and users from unauthorized access, identity theft & transaction risks with stronger forms of authentication than conventional passwords. Correspondingly, new challenges arise as user authentication and identity management requirements continue to expand beyond enterprise constituencies to the mass consumer level, further widening the security, usability, and affordability gap between password-only systems and advanced authentication solutions.

Authernative's innovative user authentication & identity management technologies enable organizations to meet these challenges with advanced forms of authentication that are less costly and easier to use, deploy, and support than the currently available strong authentication offerings.

AuthGuard(TM), the company's user authentication product, provides a flexible multi-level security authentication console, which offers a range of patent-pending multi-factor, multi-channel, and mutual authentication technologies to best address the security and usability requirements of users. The authentication solution is further complemented by PassEnabler(TM), an integrated modularized secure authorization, administration, and auditing suite providing a complete off-the-shelf identity management solution.

Authernative innovative solutions can bring significant value to consumer service providers, enterprises, ASPs, and small & medium businesses seeking to:

* provide personalized levels of security and ease of use specific to the user's needs or company's policies without any devices or downloads

* offer the similar high level of security found in hardware-based authenticators while preserving the cost-effective electronic mass deployment and the ease of use, typical of passwords

* provide multiple authentication options ranging from passwords to advanced authentication methods

* empower users with visible and tangible authentication security giving them control and reassurance that their identity and transactions are secure

* protect against Phishing, Trojans, Man-in-the-Middle and other types of attacks

* provide advanced auditing, administration, and user self-service capabilities to address compliance with mandatory regulations including FFIEC, GLBA, SOX, HIPAA, and the upcoming Specter-Leahy Bill, Financial Data Protection Act, and Data Accountability and Trust Act

The funds will go toward building awareness and expanding sales of AuthGuard(TM) and PassEnabler(TM) solutions in the market.


About Authernative:

Authernative develops, markets, and sells innovative patent-pending software security solutions offering comprehensive user identity and access management (I&AM) capabilities over electronic networks including strong authentication, authorization, administration, and auditing (AAAA). The company's products are used to prevent unauthorized access to confidential data, identity theft, and financial loss.

They allow businesses to lower the cost of providing, deploying, and managing strong user authentication and authorization capabilities for enabling e-commerce, regulatory compliance, secure business communications and transactions with customers, suppliers, and employees.

More information: http://www.authernative.com

 Send2Press® is the originating wire service for this story.

» Read More Funding and Investment News
» Other Send2Press Industry News by Category

 

---

Funding and Investment Lucy Hood to Deliver Keynote Presentation at Private Capital Network Breakfast Meeting LBA Group Makes Premier List of the 5,000 Fastest-Growing U.S. Businesses Investors Evaluate Early Stage Companies through Online Videos at PlanHeaven Infrastruct Security, Inc. Exceeds $20 Million Annual Revenue with New Round of Financing Social Network Technology and VoIP Provider YFonGlobal Raises Second Angel Round for a Total of $1.8 Million Napatech Receives USD 7.5 Million Venture Capital Funding CADFORCE, Inc. Announces $3.1 Million in Venture Capital Financing Epeius Biotechnologies Corporation Receives $400,000 Grant to Support Gene Therapy Trials for Pancreatic Cancer Crescent Diagnostics Secures Venture Capital Financing Investment to Advance the Development of its Novel Bone Quality Test Authernative, Inc. Raises $2.5 Million in Series A Funding to Extend Its Position as Emerging Provider of User Authentication and Identity Management Solutions LFR Communications, Inc. dba Graphcard.com to Raise $5,000,000 Via Private Placement Napatech Receives $5 Million Venture Capital Funding InSciTek Secures $2 Million in Additional Funding from Enhanced Capital Partners LLC Point to Point, Inc. Announces Emergence from Bankruptcy; Components of Bankruptcy Financing CADFORCE Secures $1.7 Million in Series A Funding Led By Santa Barbara-Based Venture Capital Firm, Rincon Venture Partners Symphony Wealth Management Group's Ovation Fund Blazes New Trails on the Efficient Frontier and the Utilization of ETFs American Finance Finalizes Agreement on Global Oil Tools' Liabilities First American Makes Equity Investment in ComplianceEase - Industry-Leading Technology Providers Partner to Offer Essential Bundled Solutions BRANDCONTROL.NET Receives Second Round of Venture Capital Funding InSciTek Successfully Closes $4.0 Million for the Allworx Product Line 25 Security Industry CEOs and Presidents Share Their Views on Growth Trends and the Business of Security Young Investing Phenom Unlocks the Keys to the Stock Market New Source of Financial Information has Words of Caution for Retirees Lehman Brothers' Chief Investment Officer and Managing Director, Private Investment Management to Speak at New England-Canada Business Council's May Luncheon Meeting The Lyamec Corporation Reaches Milestone Expansions in Great Britain, France, Canada, and Libya » View All News Channels » Press Release Services » Send2Press Home Page

U.S. and World Newswire Eularis to Address Marketing Return at Japanese Pharmaceutical Marketing Excellence Conference Unprecedented Confidence in Online Purchasing - The Sky's The Limit Sister Schools, an Educational Non Profit, hosts nine Ugandan Children on Seattle Area School Tour X Cafe Wins SBANE Annual Award for Innovation in Business Houston Breaks Out the Bubbly - Another Round for Tour de Champagne New SelectRadio(R) Data Highlights Most Popular Channels for Mobile Music Discovery Renowned Exchange 2007 Expert Joins ENow New On-Line Publisher Offers DRM-free Digital Audio Short Stories Affinity Healthcare, LLC Adds New Physicians Telovations Opens New Office and Offers Service to Jacksonville, Fla., Businesses Random Negotiating Won't Pay Dividends - ITS Provides Proven Rules for Job Hunters Relios Jewelry Expanding Marketing and Sales Services to Retail Partners Van Millwork Announces New Employees Thomas D. Mangelsen's Best Selling Book The Natural World is a Quiet Call to Action as the Earth Battles Global Warming Boulder's Storytime Yoga Show for Children to Premiere on Rocky Mountain PBS Sunday, June 1 Random Interviewing Teaches Little says ITS Random Job Hunting Doesn't Work and ITS Gives 15 Surefire Rules for Professional and Executive Job Hunters LifeSpan Fitness Promotes Exercise to Help Fight Heart Disease Among Women Study Assesses Presidential Front-Runners' Global Competitive Impact, Financial Psychology Brighten Up Your Yard with Resin Furniture 'Easy' is the Best Word to Describe This New Family Fun Sport Product - The Wind Chaser(R) Land Sailor May is Prime Time to Plant Home Vineyard Air Charter Association of North America Adopts Safety and Quality Assurance Program Prevail Unveils New Reinsurance Solution at the 2008 IASA Conference JMAC's Emerging Jobs SuperSearch Gives Job Seekers Competitive Edge » View All News Channels » Press Release Services » Send2Press Home Page