SignaCert Secures up to $4 Million in Financing from affiliates of Fortress Investment Group
AUSTIN, TX and SAN FRANCISCO, CA — January 16, 2014 — SignaCert, the company that is revolutionizing IT operations and security with the “Power of Being Correct”™, announced today that it has secured an up to $4 million credit facility from funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG), a leading global investment firm with approximately $66 billion in assets under management. The credit facility is backed by a portion of SignaCert’s intellectual property (IP) portfolio.
“We are pleased that Fortress recognizes the value of our highly differentiated IP,” said Toney Jennings, President and Chief Executive Officer at SignaCert. “SignaCert has a proven record of generating IP that is truly unique and adds value to IT operations and security teams. The Fortress financing underscores the value of our growing IP portfolio. We plan to use the proceeds of this financing to further grow our business and continue investing in research and development.”
IT complexity, scale, and rate of change make it extremely difficult to understand the true state of IT infrastructure at any point in time. Powered by patented technology such as the Global Trust Repository (GTR), a file and application whitelist database of unprecedented breadth and depth, SignaCert Integrity continuously compares IT elements against authenticated applications, gold images, and trusted standards. This ongoing appraisal allows for early surgical identification of issues that threaten infrastructure integrity (availability, security, compliance) and reduces the amount of unplanned work typically caused by delayed problem discovery.
Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $66 billion in assets under management as of September 30, 2014. Founded in 1998, Fortress manages assets on behalf of approximately 1,600 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE:FIG).
For more information on Fortress, please visit www.fortress.com.