Rich May: News

February 2009

Rich May Represents Venture Capital Funds in Investment in TriCipher, Inc.

TriCipher, Inc. recently announced that it has closed on a $12 million round of venture funding.
Rich May, a Professional Corporation, a Boston business law firm, represented several of the venture capital funds involved in the investment, including Trident Capital, ArrowPath Venture Capital and EPIC Ventures. Stephen M. Kane led the Rich May team on this engagement, and Jodi K. Hanover also worked on the matter. For more information about the transaction, visit http://www.tricipher.com/news/tricipher_secures_12M.html.

About Trident Capital
Trident Capital is a leading venture capital and private equity firm with more than $1.5 billion of capital under management, including over $400 million raised in its most recent fund, Trident Capital Fund VI. The firm focuses on investments in the Enterprise Services and Software; Internet, and CleanTech sectors. Within its sector focus, Trident invests across multiple stages, including early and late stage venture capital as well as growth equity. The firm has made over 150 investments since its inception in 1993. Trident has investment offices in Palo Alto, CA and Westport, Conn. For more information, visit www.tridentcap.com.

About Arrowpath
ArrowPath is an early-stage venture capital firm with over $325 million under management. ArrowPath focuses on early and expansion stage companies developing highly differentiated enterprise and infrastructure technologies that offer a compelling value and have the prospect of achieving market leadership. Through its proprietary network of relationships with Fortune 500 companies, ArrowPath identifies emerging technologies and applications that deliver tangible ROI and meet the end user’s needs. ArrowPath utilizes this end-user perspective to help companies hone their market focus, accelerate their time to market and provide them with a powerful competitive advantage. ArrowPath’s goal is to help entrepreneurs build companies of enduring value while generating superior returns for investors. For more information, visit http://www.arrowpathvc.com.

About EPIC Ventures
EPIC Ventures’s mission is to back companies who are positioned to become the market leaders of tomorrow. To accomplish this, Epic Ventures brings the collective experience and resources of our partnership, our advisors and our extensive network of industry contacts to ensure our portfolio’s success. The philosophy is to search out best of breed technologies. Epic Ventures does not focus exclusively on one or two technology sectors; rather, they look across all sectors to find those companies with the management and market to achieve explosive growth. Epic Venture looks to back visionaries and proven leaders with our capital, time and resources. Epic Ventures, founded by Zions Bank, is headquartered in Salt Lake City, Utah. For more information, visit http://www.epicvc.com.

About TriCipher Inc.
TriCipher, Inc. provides a unified authentication infrastructure to protect web and enterprise portals, the people that use them and the business process that flows through them against fraud and identity theft. The TriCipher Armored Credential System™ (TACS) enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible “Authentication Ladder,” TriCipher protects customer investment by adjusting authentication strength to defeat new threats and to meet regulatory changes without the need to implement a new infrastructure. Recently, TriCipher introduced myOneLogin™ a secure on-demand offering that delivers strong authentication, single sign-on (SSO) convenience and the ability to seamlessly integrate multiple Software as a Service (SaaS) applications in a single solution. Founded in 2000, TriCipher is headquartered in Los Gatos, Calif. For more information, visit http://www.tricipher.com.

About Rich May
Rich May, a law firm founded in 1937 and located in the heart of Boston’s financial district, concentrates its practice on corporate, financial, civil litigation, energy, real estate, entertainment and wealth planning matters. The firm’s clients include a broad group of businesses in New England and throughout the country. Rich May provides the breadth and depth of expertise generally associated with large, national firms, while maintaining the prompt, personal service found in smaller, regional firms. Our clients have direct access to experienced attorneys who are familiar with both the client and the area of inquiry and can provide timely and practical legal solutions.

Rich May has been elected and admitted as a member of the International Alliance of Law Firms. This membership, which provides affiliations with 53 firms in 37 countries, supplements our ability to assist clients throughout North America and overseas.

For more information, visit www.richmaylaw.com.