GlobalCrypto Closes Investment Round and Moves into Atlanta Technology Development Center
Innovative strong authentication software provider GlobalCrypto announces new funding. GlobalCrypto provides strong authentication for web applications without the use of tokens, SSL certificates, cookies or cumbersome login requirements. A new solution to increase security and drive down costs.
Atlanta, GA (PRWEB) November 11, 2008 -- Strong authentication provider GlobalCrypto, the only company to make transacting online safer by embedding cryptographic information in digital images to create strong, bi-directional authentication, today announced it closed a round of equity financing and established its corporate headquarters in the Atlanta Technology Development Center (ATDC) on the Georgia Tech campus.
GlobalCrypto's RealMeSM suite of products is the only software on the market to embed cryptographic information in a digital image of the users' choice, and exchange pieces of that image between a user and Web application for Public Key Infrastructure (PKI)-strength, bi-directional authentication. All encrypted information between a Web application and an end user must "match" before a transaction can proceed. RealMe software requires no tokens, SSL certificates, hardware and little or no end-user software, making it significantly easier to install, maintain and use than other strong authentication solutions.
The equity investment, led by Imlay Investments and Ridgewood Advisors, will go towards further development of the RealMe suite of authentication products including single sign-on for multiple Web applications, one-click e-commerce checkout and applications for mobile device authentication. The Atlanta Technology Development Center seed fund also participated in the round.
"We're excited about our investment because we like the fast growing online Identity and Authentication space, the company's innovative technology and their management team," stated Sig Mosley of Imlay Investments. "The company's ability to deliver truly strong authentication at a fraction of the cost of tokens and SSL certificate solutions make this company particularly attractive," added Mosley.
The company won the gold medal in the ATDC's 2007 CapVenture contest and was recently named by the Technology Association of Georgia (TAG) as one of the 16 most innovative companies in the state.
"We're very pleased to have Sig Mosley and Steve Chaddick lead this round of financing and excited about our move into the ATDC where we now have access to a tremendous amount of resources," said company Chief Executive Officer, Todd Merrill.
About Global Crypto
Web applications using GlobalCrypto's RealMeSM strong authentication software are able to securely authenticate users, minimize fraud attacks, meet industry security requirements and provide real-time fraud detection and reporting while offering end-users an easy to use solution for safeguarding their online transactions and identities. Only GlobalCrypto provides strong, bi-directional authentication without expensive tokens or hardware making cryptographically strong authentication simple, affordable and user-friendly. Find out how RealMe can protect your online transactions with the power and ease of image-based PKI. Visit www.globalcrypto.com or call 678.855.6116.
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