Daily News: January 15, 2015

Fortress Provides SignaCert Facility

Fortress Investment Group provided a $4 million facility to SignaCert. The facility is backed by a portion of SignaCert’s intellectual property portfolio.

“We are pleased that Fortress recognizes the value of our highly differentiated IP,” said Toney Jennings, President and Chief Executive Officer at SignaCert. “SignaCert has a proven record of generating IP that is truly unique and adds value to IT operations and security teams. The Fortress financing underscores the value of our growing IP portfolio. We plan to use the proceeds of this financing to further grow our business and continue investing in research and development.”

SignaCert offers actionable and affordable IT compliance, change detection and system integrity verification solutions.

To read the entire Reuters article, click here.