TriCipher and Intel Enter Technical, Marketing Cooperation Agreement
SAN FRANCISCO, RSA Conference 2005 (Booth #1504), Feb. 15 /PRNewswire/ --
TriCipher, Inc., the innovator of strong authentication for the real world,
today announced that Intel Capital joined in the second round equity financing
from Trident Capital, ArrowPath Venture Capital and Wasatch Venture Capital,
which was also announced today. In conjunction with the funding, Intel and
TriCipher have entered into a technical and marketing cooperation agreement
associated with Intel's Digital Office initiative.
"Strong user authentication helps IT departments better secure their
systems, safeguarding them against attacks such as phishing," said David
Grawrock, principle engineer and security architect for Intel's Platform
Architecture and Solution Division. "Intel's plan to bolster the digital
enterprise with silicon-based technology is complemented by TriCipher's strong
authentication solution. Additionally, TriCipher will use leading Intel
server technology." Grawrock will join the TriCipher Technical Advisory Board
and Intel Capital will have a board observer on TriCipher's Corporate Board.
"Authentication is in a state of crisis today, and legacy strong
authentication solutions have clearly proved undeployable at any scale," said
Ravi Ganesan, Founder and CEO, TriCipher Inc. "By complementing the leading
edge work Intel is doing in this space we continue to further improve our
TriCipher Armored Credential System."
About TriCipher, Inc.
TriCipher, Inc. provides strong authentication for the real world. The
first authentication system that issues multiple types of credentials from a
single infrastructure, the TriCipher Armored Credential System(TM) (TACS)
allows for authentication strength to change in response to new threats
without any infrastructure changes. Our patented technology fills the gap
between authentication systems that are either not secure enough or too hard
to use and deploy. TriCipher's innovative approach to strong multi-factor
authentication protects against phishing and eliminates dictionary attacks.
Founded in 2000, TriCipher is headquartered in San Mateo, California. The
Company was incubated as NSD Security before launching as a separate entity in
2005. Investors in TriCipher are ArrowPath Venture Capital, Intel(R) Capital,
Trident Ventures and Wasatch Venture Partners. For more information, please
visit http://www.tricipher.com or email info@tricipher.com.
About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making
equity investments and acquisitions to grow the Internet economy in support of
Intel's strategic interests. Intel Capital invests in hardware, software and
services companies in several market segments, including computing,
networking, and wireless communications. For more information, visit
http://www.intel.com/capital.
NOTE: TriCipher, Armored Credential, and Armored Credential Appliance are
either registered trademarks or trademarks of TriCipher, Inc. in the United
States and/or other countries. All other products and services mentioned are
trademarks of their respective companies.
SOURCE TriCipher, Inc.
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Related links:
http://www.tricipher.com
CONTACT:
Elizabeth Safran of Trainer Communications,
+1-408-920-0585, or elizabeth@trainercomm.com, for TriCipher,
Inc.; or Sally Sheward of TriCipher, Inc., sally@tricipher.com
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