Tuesday, June 10, 2008

Symplified has developed breakthrough technology that addresses Web identity management

What Company Is Offering:
Symplified has developed breakthrough technology that addresses the complexity and cost associated with monolithic software approaches to Web identity management. Symplified is headquartered in Boulder, Colo., with offices in Palo Alto, Calif.

How Much They Got From VCs:

Symplified today announced that it has raised $6 million in a Series A round of venture capital financing. The company is led by the same management team that founded Securant, a leading identity management software vendor acquired by RSA Security in 2001. Symplified will introduce a revolutionary approach to Web Access Management (WAM) at the Burton Group Catalyst Conference June 23-27 in San Diego.

Symplified will use the funds for sales, marketing, and operations. The round was led by premier Silicon Valley venture capital firms Granite Ventures and Allegis Capital. Chris McKay, principal at Granite Ventures, Spencer Tall, Managing Director for Allegis Capital, and Todd Rowe, Group Vice President & General Manager for Business Objects, an SAP company, have joined Symplified's Board of Directors.

"The Internet has become the backbone of business-to-business collaboration and transactions for companies of all sizes," said Eric Olden, founder and CEO of Symplified. "However, managing electronic identities and credentials remains costly and complex for even the most technically savvy organizations. Symplified was created to erase the barriers hindering the adoption of cloud computing."

More at:www.symplified.com.

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