Multi-Factor Authentication Inc. Raises $4.5 Million in Private Equity Financing

Multi-Factor Authentication, Inc., (MFA) recently announced that the company completed a $4.5 million private placement with a select group of accredited investors. 

Strong demand for this offering validates our business model and the marketability of our core technology said Multi-Factor CFO Thomas Stewart.  We are now in position to focus on growing revenue 

We have seen strong demand for the products we have developed over the past two years.  This new funding will allow us to execute on our plans to aggressively take our SecureAuth Products to market, said Craig Lund, CEO of Multi-Factor Authentication.  Being well funded will allow us to get this breakthrough technology deployed to a broad customer base that is demanding a more secure, less expensive method to authenticate.

Founded in 2005, Multi-Factor Authentication, Inc. is a provider of highly secure and extremely cost-effective authentication solutions. Multi-Factor Authentications SecureAuth combines cutting edge technology with security industry standards to deliver the next generation of online user authentication. MFAs leading product, SecureAuth, incorporates MFAs unique intellectual property to allow for secure, tokenless, non-phishable authentication into web applications or networks.  SecureAuth integrates with most applications and network enforcement points including SSL VPN, NAC appliances, and WiFi.

Multi-Factor Authentication has developed a full range of self-service materials for channel partners. This simplifies partner access to support tools and materials, and accelerates distribution of up-to-the-minute information, such as support and sales leads.

For more information, please visit www.multifa.com