Cybersafe Corp., the vendor of the TrustBroker, Defensor, and other systems for electronic commerce and network information security, said it has raised $33 million in private equity financing.
Leading investors were Deutsche Bank London, Oak Investment Partners, and Financial Technology Ventures, among others in the financing group. Cybersafe said it will use proceeds for funding operations and pursuing strategic opportunities.
The company has been active on the acquisition market, adding Sagus Security Inc. in December 1998, Centrax Corp. in March, and WITS Ltd. in April.
"Attracting this level of funding from investors of this caliber is a great affirmation of our success to date and our strategic direction going forward," said Cybersafe chairman and chief executive officer Jim Cannavino. "Even more gratifying is that this group of investors includes not only financial investors, but strategic investors and customers as well."
Deutsche Bank, for example, is a TrustBroker customer, and Financial Technology Ventures is an aggregator of strategic venture capital investments for financial institutions.