TriCipher, a San Mateo, Calif.-based provider of on-demand identity assurance and management solutions, has raised $12 million in fourth-round funding. Backers include ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology Ventures and Trident Capital.
TriCipher, the on-demand identity assurance and management company, just announced a $12 million round of venture funding, further validating the company’s innovative technology that secures and simplifies access to online applications. This marks TriCipher’s third round of funding and will help extend the tremendous success the business has seen from its newly introduced cloud-based myOneLogin solution.
“Nearly every business relies on online applications, and TriCipher’s myOneLogin makes it easier than ever to secure and simplify access, protecting organizations,” said John De Santis, chairman and CEO of TriCipher. “We’re seeing traction across several vertical markets, which supports what nearly every analyst firm is saying; SaaS is the next generation and companies need to start taking steps to secure and optimize the experience.”
Within the past 9 months, the company has added 100 new customers including enterprises that are launching new Web-based services to their customers and organizations that are providing safe remote access to applications over the web for their employees and partners. Some examples include:
-- A leading global provider of information security and storage solutions is using myOneLogin to provide strong authentication and single sign-on (SSO) to their customers for a recently launched Web application delivery service. -- A global biotechnology company with a presence in more than 100 countries replaced one-time-use password (OTP) tokens to eliminate helpdesk calls from their remote workforce with myOneLogin's clientless VPN strong authentication solution. -- A leading provider of open source database management software and support services is using myOneLogin for SSO security and convenience to its thousands of worldwide users. -- A pure-play cloud computing systems integrator is using myOneLogin to deliver strong authentication, SSO convenience and identity federation to its portfolio of enterprise-ready cloud computing solutions. -- A fast-growing consulting services organization that focuses on higher education technology is using myOneLogin to help distributed users communicate and collaborate with Software-as-a-Service (SaaS) applications. -- A new media video production agency supporting corporations and non-profit organizations is using myOneLogin's secure single sign-on capabilities to simplify and secure access to the SaaS applications that run its business.
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Businesses of all sizes continue to turn to online applications because of their increased flexibility, manageable deployment and infrastructure costs and lightning-fast implementation capabilities. TriCipher’s myOneLogin is an on-demand identity assurance and management solution and operates completely in the cloud. The offering helps businesses secure online applications through strong authentication, SSO convenience and the ability to seamlessly integrate multiple SaaS applications – all in a single application.
TriCipher, Inc. provides a unified authentication infrastructure to protect web and enterprise portals, the people that use them and the business process that flows through them against fraud and identity theft. The TriCipher Armored Credential System(TM) (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible “Authentication Ladder,” TriCipher protects customer investment by adjusting authentication strength to defeat new threats and to meet regulatory changes without the need to implement a new infrastructure. Recently, TriCipher introduced myOneLogin(TM) the first secure on-demand offering that delivers strong authentication, single sign-on (SSO) convenience and the ability to seamlessly integrate multiple Software as a Service (SaaS) applications in a single solution. Founded in 2000, TriCipher is headquartered in Los Gatos, Calif. The company is funded by ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology Ventures, and Trident Capital. For more information, visit TriCipher on the web at www.tricipher.com.