As more people handle tasks that require personal verification online, digital signatures are increasingly important.
Arcot Systems, which does digital-based signatures has raised a second round of funding. The money will no doubt be used to expand its operations in digital authentication.
The $23 million round was participated in by Accel Partners, Goldman Sachs, ONSET Ventures, Granite Ventures and Vedanta Capita.
The Sunnvale, Calif.-based Arcot Systems recently developed a token that Google can give business users of its online application suite so they are more secure.
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June 20, 2008 | next media update said:
[...] Digital Signature Firm Arcot Raises $23 Million Round VENTUREBEAT Digital signature developer Arcot Systems has raised USD23m from investors including Goldman Sachs and Accel Partners Onset Ventures, Granite Ventures and Vedanta Capital took part in the round for the California-based company. All of these have a representative on Arcot’s board of directors, along with co-founder and CEO Ram Varadarajan. A digital signature is an encryption technology that tries to provide documents with the same level of security and authenticity as a genuine signature would. Arcot, which was founded in 1997, focuses on solutions for access to business portals and online shopping applications. Source> [...]