TriCipher secures $12 Million in venture funding

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Los Gatos: TriCipher, the on-demand identity assurance and management company, has secured $12 million in its fourth-round of venture funding, further validating the company's innovative technology that secures and simplifies access to online applications. This round of funding 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 are 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," he added. Within the past nine 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. The investors include ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology Ventures and Trident Capital.