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ACQUIRED COMPANY
 
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PassMark Security  Acquired by RSA Security (2006 $ 44,700,000 )

4400 Bohannon Drive, Suite 100
Menlo Park, CA 94025
USA
(650) 324-7800
Website Company Summary Management Team
Management

CEO: Lin Johnstone (01/18/2006)
Technology: William Wright
Not listed on the website: (May no longer be at the company) Justin Bonar*
Board

Outside board: (May no longer be on the board) Sonja Hoel Perkins (Menlo Ventures) Raman Khana (Diamondhead Ventures)
Company

Business description: PassMark Security was founded to develop solutions to help combat identity theft on the Internet – and particularly phishing attacks. It’s intellectual property has been under development for two years. It’s mission is to provide the operators of Internet Web sites, including financial institutions, ecommerce companies and enterprises, with the tools to protect themselves and their users from the array of confidence games that have sprung up in the fertile arena of faceless online commerce. PassMark Security develops anti-fraud and authentication solutions for consumer ecommerce. Web sites can deploy PassMark's patent-pending Two-Factor Two-Way Authentication(TM) to provide strong and comprehensive security, without requiring their users to carry any new hardware or install any new software
Customers include: Bank of AmericaTechnology Credit Union Visa;  AllianceAndLeicester ;  Business Systems Group ;  Certegy ;  ScoTTrade ;  Stanford Federal Credit Union
Partners include: MarkMonitor PostX S1 ;  ID Analytics ;  VASCO
Capital

Rounds: 2
Recent Fundings: Apr 2005   Jul 2004
Capital raised: 10.0M
Last Round: 7.7M
Ownership: Acquired by RSA Security (2006 $ 44,700,000 )

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Overview
Record updated: Apr 2006
Sector: Internet
Year Founded: 2003
Rounds: 2
Recent Fundings: Apr 2005   Jul 2004
Capital Raised: 10.0M
Last Round: 7.7M
Ownership: Acquired by RSA Security (2006 $ 44,700,000 )