Fortress Investment Group has provided a $4 million credit facility to information technology company SignaCert. The credit facility is backed by a portion of SignaCert’s intellectual property portfolio.
SignaCert, the “Power of Being Correct”™ company that is revolutionizing I.T. compliance and change detection, announced today that it has secured an up to $4 million credit facility from funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG), a leading global investment firm with approximately $66 billion in assets under management. The credit facility is backed by a portion of SignaCert’s intellectual property (IP) 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.”
Because of the noise and accuracy issues of traditional compliance and file integrity monitoring (FIM) solutions, organizations have been put at greater risk and forced to demonstrate annual compliance via costly and infrequent manual audits. SignaCert Integrity, the only compliance and change detection solution that includes a database of more than four billion signatures of validated applications and files, rapidly identifies unauthorized changes that need immediate action by filtering out all systems that are correctly configured.
To learn more about the value of SignaCert Integrity, please visit: http://info.signacert.com/ebrief-value-integrity
Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $66 billion in assets under management as of September 30, 2014. Founded in 1998, Fortress manages assets on behalf of approximately 1,600 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE:FIG). For more information, please visit http://www.fortress.com.
About SignaCert, Inc.
SignaCert offers the most actionable and affordable I.T. compliance, change detection, and system integrity verification solutions. By continuously assessing systems against trusted benchmarks and the patented Global Trust Repository, SignaCert Integrity’s “Correctness Engine” quickly identifies unauthorized changes that need immediate action by ensuring all systems are correctly configured and contain only valid applications. Learn more at http://www.signacert.com, read our blog at http://blog.signacert.com or follow us on Twitter @signacert.