Identrus Secures $20 Million in Venture Capital Funding

"Identrus addresses the large and growing global need for identity authentication", said Carl Eibl, Managing Director of Enterprise Partners Venture Capital. "Identrus provides financial institutions with a unique and comprehensive identity management solution that helps limit risk of identity theft via a platform that can be deployed without additional policies and procedures. We believe that Identrus has the potential to significantly expedite the flow of secure transactions worldwide."

"Electronic transactions are critical to achieving success and presence in global markets," said Ben Terk, Partner, Rho Ventures. "Organizations around the world now require a common and secure identity standard, such as the one created for Identrus member banks. Our investment in Identrus reflects the company's unique market position to provide such a global standard and to ensure the integrity of global electronic transactions."

"The worldwide banking community will see even greater security needs in coming years -- and we believe the banking channel is the optimal way to deliver non-repudiable identities," said Doyle Arnold, Vice Chairman and CFO of Zions Bancorporation. "We are delighted to provide continued support to Identrus with this additional capital commitment, as Zions realizes the value in protecting customer information from identity theft and fraud."