enfoTrust networks Secures $13 Million in Funding

Apr 20, 2001, 01:00 ET from enfoTrust networks

    ATLANTA, April 20 /PRNewswire Interactive News Release/ -- enfoTrust
 networks, an innovator in information management technology, announced today
 that it recently closed on a $13 million Series A Round of financing, from a
 combination of venture capital, national pension funds and private equity
 investments.
     "enfoTrust's technology gives users complete control over their personal
 information in a private and secure vault, and allows that information to be
 re-purposed throughout a network of compatible businesses," said enfoTrust
 President and Co-founder Nicholas Steele.  "With this additional funding,
 enfoTrust can further develop and deploy its technology and product offerings,
 which are redefining how consumer information is stored and delivered.  We
 feel like we've gained even more momentum from Microsoft's Hailstorm and .NET
 initiatives, which validate the enfoTrust model of consumer control of
 information."
     Steele adds, "Government regulations such as Gramm-Leach-Bliley and HIPAA,
 are moving the privacy and control of personal information to the forefront.
 Our technology, and specifically our Information Account product, is a unique
 solution to the access and privacy concerns surrounding personal information.
 Those trends are helping enfoTrust grow despite difficult markets."
     Among enfoTrust networks' business partners are Yahoo!, AIG, LendingTree,
 Alltel, ebix, Netquote, VirtualBank, Govolution, Allconnect, WeServeHomes,
 Navigant International, Contour Software, CMSI and others.
     Using enfoTrust technology, business and government partners can offer
 free and comprehensive Information Accounts to their customers.  These private
 and secure Information Accounts enable users to organize and store their
 personal information -- to include general, medical, financial, career,
 education and travel -- in standard XML formats.  That information can be
 accessed by the user and delivered to the business partner of choice using
 enfoTrust's patent-pending technology.  enfoTrust upholds the highest
 standards of privacy and security and does not access, mine or sell user
 information.
     Account holders can use their stored information to instantly complete
 transactions at compatible companies and Web sites, via any compatible
 Internet device.  The Information Accounts are safely encrypted using state-
 of-the art technology and allow only the exact information required to
 complete a form to flow from the user's Account.  Users can soon store
 documents and digital credentials within their private Information Account.
 
     About enfoTrust networks -- enfoTrust networks, an Atlanta-based
 technology company, is equipping businesses and their consumers, and
 government entities and citizens to manage and leverage the most valuable
 commodity in our new economy -- information.  By building a seamless
 information Network, using the most advanced XML technologies, populated with
 premier businesses across multiple industries, enfoTrust is improving the way
 information is used, stored and delivered.  enfoTrust offers users free,
 personal Information Accounts that can be used to instantly complete online
 forms and applications from any compatible Internet device.  With enfoTrust-
 powered Information Accounts, users instantly purchase insurance and
 automobiles, apply for products such as loans, scholarships and
 mortgages, and complete online commerce, travel and medical transactions --
 all with just a few clicks.  Through patent-pending technologies, enfoTrust
 also helps businesses convert information currently stored in legacy databases
 to standard XML formats for better management of internal data.  enfoTrust
 upholds the highest standards of privacy and security and does not access,
 mine or sell user information. Visit us at www.enfoTrust.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X63261671
 
 

SOURCE enfoTrust networks
    ATLANTA, April 20 /PRNewswire Interactive News Release/ -- enfoTrust
 networks, an innovator in information management technology, announced today
 that it recently closed on a $13 million Series A Round of financing, from a
 combination of venture capital, national pension funds and private equity
 investments.
     "enfoTrust's technology gives users complete control over their personal
 information in a private and secure vault, and allows that information to be
 re-purposed throughout a network of compatible businesses," said enfoTrust
 President and Co-founder Nicholas Steele.  "With this additional funding,
 enfoTrust can further develop and deploy its technology and product offerings,
 which are redefining how consumer information is stored and delivered.  We
 feel like we've gained even more momentum from Microsoft's Hailstorm and .NET
 initiatives, which validate the enfoTrust model of consumer control of
 information."
     Steele adds, "Government regulations such as Gramm-Leach-Bliley and HIPAA,
 are moving the privacy and control of personal information to the forefront.
 Our technology, and specifically our Information Account product, is a unique
 solution to the access and privacy concerns surrounding personal information.
 Those trends are helping enfoTrust grow despite difficult markets."
     Among enfoTrust networks' business partners are Yahoo!, AIG, LendingTree,
 Alltel, ebix, Netquote, VirtualBank, Govolution, Allconnect, WeServeHomes,
 Navigant International, Contour Software, CMSI and others.
     Using enfoTrust technology, business and government partners can offer
 free and comprehensive Information Accounts to their customers.  These private
 and secure Information Accounts enable users to organize and store their
 personal information -- to include general, medical, financial, career,
 education and travel -- in standard XML formats.  That information can be
 accessed by the user and delivered to the business partner of choice using
 enfoTrust's patent-pending technology.  enfoTrust upholds the highest
 standards of privacy and security and does not access, mine or sell user
 information.
     Account holders can use their stored information to instantly complete
 transactions at compatible companies and Web sites, via any compatible
 Internet device.  The Information Accounts are safely encrypted using state-
 of-the art technology and allow only the exact information required to
 complete a form to flow from the user's Account.  Users can soon store
 documents and digital credentials within their private Information Account.
 
     About enfoTrust networks -- enfoTrust networks, an Atlanta-based
 technology company, is equipping businesses and their consumers, and
 government entities and citizens to manage and leverage the most valuable
 commodity in our new economy -- information.  By building a seamless
 information Network, using the most advanced XML technologies, populated with
 premier businesses across multiple industries, enfoTrust is improving the way
 information is used, stored and delivered.  enfoTrust offers users free,
 personal Information Accounts that can be used to instantly complete online
 forms and applications from any compatible Internet device.  With enfoTrust-
 powered Information Accounts, users instantly purchase insurance and
 automobiles, apply for products such as loans, scholarships and
 mortgages, and complete online commerce, travel and medical transactions --
 all with just a few clicks.  Through patent-pending technologies, enfoTrust
 also helps businesses convert information currently stored in legacy databases
 to standard XML formats for better management of internal data.  enfoTrust
 upholds the highest standards of privacy and security and does not access,
 mine or sell user information. Visit us at www.enfoTrust.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X63261671
 
 SOURCE  enfoTrust networks