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ENSURE
TECHNOLOGIES SECURES $4 MILLION FINANCING
New
York-Based Founders Equity Leads Financing for Wireless PC
Security Company
Ann
Arbor, Mich., February 1, 2000 –
Ensure Technologies, the award-winning leader in intelligent
PC security solutions, today announced that it has reached
an agreement for $4 million in funding from New York City-based
venture capital firm Founders Equity. Ensure will use the
funding to further develop and market its award-winning and
patented XyLoc wireless PC security suite. Founders' representatives
will also serve on Ensure's board of directors.
"This
funding is a significant step in the expansion of our business,
and it comes at a time when we have had a great response to
our products in the market," said George Brostoff, co-founder
and president of Ensure Technologies. "Partnering with Founders
will enable us to further our business and product development
goals. We have great expectations as we move into 2000 and
look forward to the opportunities that lie ahead."
"We're
very enthusiastic to be partnering with such a forward thinking
company as Ensure. We're extremely impressed with Ensure's
patented approach to controlling access to the PC and its
resources - a market that is poised for significant growth,"
said John Teeger, president of Founders Equity. "We look forward
to Ensure's continued growth and success."
Ensure's
patented XyLoc is a centrally managed, automatic computer
security solution that prevents unauthorized access to confidential
PC-based information, and simultaneously makes access to network
services and applications more convenient for authorized employees.
XyLoc's unique, full-time access control technology protects
sensitive data when it is most vulnerable - after logon, when
the authorized user - for whatever reason - steps away from
the PC.
Suited
for professionals who need easy, yet secure, access to information
"on the fly," XyLoc is proximity-activated and completely
"hands-free," requiring no user interaction. Because it enables
the computer to know automatically and effortlessly who is
requesting access to its resources, XyLoc offers security
features and flexibility previously unavailable. XyLoc also
simplifies public key infrastructure (PKI) implementations
and protects digital certificates stored on PCs increasing
the security of e-commerce transactions.
Ensure
is also an active member of the Bluetooth™
Special Interest Group, a cooperative consortium of leaders
in the telecommunications and computer industries founded
in 1998 by Intel, Ericcson, IBM, Nokia and Toshiba to define
and develop a common specification for wireless communications
products including mobile PCs, mobile phones and other portable
devices. XyLoc will feature Bluetooth smart cards that
will be interoperable with any Bluetooth device, whether
it be a mobile phone, PDA or PC. Using XyLoc, administrators
will easily load and manage digital certificates on any Bluetooth
PC, phone or PDA, delivering XyLoc's patented full-time access
control to multiple types of devices.
About
Founders Equity
Founders
Equity Inc., established in 1967, is a New York-based venture
capital firm which, through its affiliates, has acquired or
developed more than 40 operating entities, many of which have
traded as public companies. Recent investments include companies
in the database, healthcare, e-commerce and business-to-business
distribution industries.
About
Ensure Technologies
Ensure
Technologies, headquartered in Ann Arbor, Michigan, is the
leader in intelligent security solutions designed to protect
an organization's intellectual property and physical computing
assets from internal security breaches - conveniently, automatically
and transparently. Ensure's award-winning XyLoc applies the
innovative, patented technologies of full-time access control
and proximity-based authentication to guard corporate data,
and asset tracking to monitor and protect computing hardware
throughout the enterprise from desktops to mobile PCs. Additional
information can be found at http://www.ensuretech.com. .
BLUETOOTH
is a trademark owned by Telefonaktiebolaget L M Ericsson,
Sweden and licensed to Ensure Technologies
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