Multi-Factor Authentication, Inc. Expands Team and Relocates Headquarters

Business Wire, Oct 24, 2007

Software Developer Adds to Engineering, Marketing Teams and Establishes High-Availability Infrastructure to Accommodate Growing Demand for SecureAuth Authentication Solution

IRVINE, Calif. -- Multi-Factor Authentication, Inc. (MFA), developer of SecureAuth[TM], a tokenless, non-phishable authentication solution for Web and enterprise networks, today announced that it has added new engineering and marketing talent for the development and support of its flagship SecureAuth family of products. In addition, MFA has relocated to a new facility in the Irvine Spectrum, featuring state-of-the-art client support and product development infrastructure.

"The SecureAuth core technology is extremely well-received by the industry, and we are experiencing increased interest in and demand for the SecureAuth Cisco ASA SSL VPN product," said Garret Grajek, chief operating officer, Multi-Factor Authentication. "With the addition of key technical and marketing staff, and our relocation to new headquarters, we are able to dedicate specialized resources to support our customers and sales channels with top-tier product development and technical support teams."

As part of the company's overall initiative to support the expansion of SecureAuth features for SSL VPNs, Multi-Factor Authentication has installed a high-availability Web service front-end telephony and certificate authority platform. Housed in a fully redundant system that can tolerate server or system faults, MFA makes the authentication process transparent to clients. The company also has augmented its engineering and marketing teams to develop new products, support infrastructure equipment reseller channels and provide customer technical support.

Mark Lambiase, director of network products, leads the development of new enterprise network security products. Lambiase joins MFA from Cisco Systems (NASDAQ: CSCO), where he was consulting systems engineer, architecting secure networks and information systems, designing and implementing security-focused products and advising customers on all aspects of digital security. Prior to that, he was an information systems analyst for Broadcom Corporation (NASDAQ: BRCM).

Suzie Won joins Multi-Factor Authentication as director of marketing to develop and execute the company's product marketing, public relations and branding campaigns. Before coming to MFA, Won managed technology client accounts at WunderMarx public relations agency, and held roles of increasing responsibility in the marketing, legal and communications departments of Conexant Systems, Inc. (NASDAQ: CNXT) and network infrastructure semiconductor spin-off, Mindspeed Technologies, Inc. (NASDAQ: MSPD).

About Multi-Factor Authentication, Inc.

Multi-Factor Authentication, Inc. develops and sells SecureAuth[TM], a tokenless, non-phishable authentication solution for Web and network environments. MFA's unique authentication product mitigates one of the most common forms of identity theft through an algorithmically proven method to thwart man-in-the-middle (MITM) phishing attacks. The SecureAuth solution provides a highly reliable, easy-to-deploy security product requiring little administrator maintenance and minimal end-user education, at a fraction of the cost of tokens, public key infrastructure (PKI) or other authentication systems. SecureAuth is trusted and deployed by industries adhering to Federal Financial Institutions Examination Council (FFIEC) and PCI Security Standards Council requirements. For more information, visit www.multifa.com.

SecureAuth is a trademark of Multi-Factor Authentication, Inc. All other product and company names are trademarks of their respective organizations.