Identity Engines Raises $13M In Series B Funding; Trinity Ventures Leads Investment Joined by Series A Investors Horizon Ventures and Lightspeed Venture Partners

Business Wire, May 15, 2006

MOUNTAIN VIEW, Calif. -- Identity Engines, Inc., a leading provider of network-based identity management solutions, today announced the completion of its Series B round of funding of $13 million led by Trinity Ventures and joined by existing investors Horizon Ventures and Lightspeed Venture Partners. This round brings the total amount of financing the company has raised to date to $21.7 million. Identity Engines will use the funding to accelerate product development, and expand sales and marketing efforts to keep up with the growing demand within the enterprise for high-performance, easy-to-use identity management solutions. E[acute accent]"Our investment in Identity Engines reflects our strong confidence in its network-based approach to identity management," said Larry Orr, general partner of Trinity Ventures, who will also be joining Identity Engines' Board of Directors. "We've seen a lot of security products during the last couple of years, and can truly say that this team has developed an exciting technology that forms the security foundation of the next stage in enterprise networks, giving it tremendous opportunities with corporate users. We look forward to working with the team at Identity Engines to help position Ignition as the must-have network security technology." E[acute accent]Identity Engines was founded in 2004 to address the growing identity gap between network access control and user directories. Identity Engines' appliance products provide enterprise-grade authentication and authorization services for distributed enterprise networks. By leveraging investment in both existing and new network equipment, Identity Engines provides a comprehensive, cost-effective and scalable way to ensure tight identity-based controls that significantly improves enterprise security and compliance. E[acute accent]"Our main mission continues to be to create a network-focused identity management product that is easy-to-use and combines the best price and performance available on the market today," said Pete Selda, president and CEO of Identity Engines. "We are excited at the opportunities this new financing will enable us to take advantage of, and look forward to working with our investors to continue our growth and establish Identity Engines as a market leader in network identity management."

E[acute accent]About Trinity Ventures

E[acute accent]Founded in 1986, Trinity Ventures is a value-added investor that provides capital, networks and resources to early-stage software, services, communications and networked systems companies. With more than $1 billion under management, Trinity Ventures has invested in over 100 companies, including Extreme Networks, Network Alchemy, Crescendo Communications, Forte Software, Illustra, Blue Nile and Starbucks. Trinity Ventures has offices in Menlo Park. For more information, visit http://www.trinityventures.com.

E[acute accent]About Horizon Ventures

E[acute accent]Horizon Ventures is a venture capital partnership focusing on privately-held technology companies. For the last decade, the organization's managing directors have been helping entrepreneurs turn startup ventures into successful companies. Horizon Ventures invests in companies targeting the data and telecom systems, wireless networks, enterprise and technical application software, and Internet tools and infrastructure markets. For more information, visit http://www.horizonvc.com.

E[acute accent]About Lightspeed Venture Partners

E[acute accent]Lightspeed Venture Partners combines extensive venture capital and operating experience to assist entrepreneurs in creating industry-leading technology companies. Lightspeed manages $2.3 billion in funds and focuses on early-stage investments in the United States, Israel and Europe. The partners of Lightspeed have contributed to the success of more than 275 companies since 1971, including AirGate PCS, Brocade, Ciena, Electronics for Imaging, FedEx, Galileo Technology, Genesys Telecommunications Laboratories, Informatica, Kiva Software, Phone.com, Quantum Effect Devices, WaveSet and Vantive. For more information, visit http://www.lightspeedvp.com.

E[acute accent]About Identity Engines

E[acute accent]Founded in 2004, Identity Engines develops scalable, identity-based solutions for securing enterprise networks. The company's solutions provide comprehensive identity services such as authentication, authorization, and auditing to distributed network devices while enabling centralized administration and policy management for improved access control and compliance. For more information, visit http://www.idengines.com.