Diversinet Corp., a provider of digital certification technology for corporate and public networks, said it has raised $2 million in a private placement with a New York-based investment fund.

Nagy Moustafa, president and chief executive officer, said the placement "fulfills our near-term funding goals and will allow us to continue establishing our position as a significant provider of authentication and authorization security for e-commerce and telecommunications."

He said it will also help the company in developing new strategic alliances "and maximizing those that we have already formed," including Microsoft, Deloitte & Touche, X and Mail, Ernst & Young, and Oasis Technology.

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