Tuesday, April 8, 2008

Imprivata, Inc., the converged identity and access management appliance company has closed a Series C financing

What Company Is Offering:
Imprivata is the converged Identity and Access Management (IAM) appliance company. Its OneSign platform helps organizations safeguard enterprise information assets by enabling secure employee access to networks and applications—improving user productivity and convenience, while reducing the time, risk and cost of complying with data privacy and protection regulations. OneSign has received top ratings in product reviews throughout the industry and has been awarded numerous accolades from leading publications including Information Security, InfoWorld and SC Magazine.

How Much They Got From VCs:
Imprivata, Inc., the converged identity and access management appliance company, announced that it has closed a Series C financing round of $15 million. SAP Ventures, the venture capital arm of SAP AG (NYSE: SAP - News), the world’s leading provider of business software solutions, joined existing investors Polaris Venture Partners, General Catalyst Partners and Highland Capital Partners in the latest investment round. This investment will help Imprivata expand its reach into new markets and extend its industry leadership position in the authentication management and enterprise single sign-on sector.

“Imprivata’s innovative approach to enterprise single sign-on and authentication management coupled with its unique integration to physical access control systems is helping companies worldwide address compliance and insider security threats, ” said Jennifer Scholze, partner, SAP Ventures.

About VCs:
SAP Ventures has been investing in companies that offer exciting new technologies and applications. Leveraging years of experience and drawing on a network of powerful business relationships, SAP Ventures helps entrepreneurs and management teams recruit the best people, make the right technology decisions, win new business, and build their own partner networks. The goal of SAP Ventures is to grow businesses that create shareholder value for everyone involved. For more information, visit www.sapventures.com.

More at:www.imprivata.com

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