Warburg Pincus agreed to invest up to $8 million to support in eCert Inc. eCert is a San Francisco, Calif.-based company that offers protection against e-mail fraud.
eCert, Inc. (www.ecertsystems.com) today announced that Warburg Pincus (www.warburgpincus.com), a leading global private equity firm, has agreed to invest up to $8 million to support the company’s continued rapid growth.
The investment in eCert by Warburg Pincus recognizes the value of eCert’s Email Domain eCertificationTM service, which counts Google, Yahoo!, and numerous major financial institutions and brands as partners and users. The funds will accelerate eCert’s expansion of the Trusted Email Registry for Financial Services, a platform established by BITS, a division of the Financial Services Technology Roundtable, and the Financial Services – Information Sharing and Analysis Center (FS-ISAC), to protect the email traffic of U.S financial institutions.
“This investment by Warburg Pincus is a major vote of confidence in eCert’s leadership in the emerging market for email fraud prevention,” said Kelly Wanser, CEO, eCert. “eCert’s goal is to restore trust and safety to electronic communications for consumers and brands. This funding, together with the unparalleled industry expertise and access to growth capital from Warburg Pincus, will provide eCert with the means to extend its protection service across financial services, government, healthcare and major brands, and expand our reach across ISPs and email security platforms.”
eCert’s Email Domain eCertification™ service monitors email traffic, prevents fraudulent online communications from reaching an end user’s inbox and enables trusted delivery. Since launching this year, eCert now protects more than 100 million consumers and $50 billion in brand value for ISPs, financial institutions and major brands.
Patrick Severson, a Managing Director at Warburg Pincus, said, “eCert provides a critical security platform for protecting the most widely used, and vulnerable, part of the Internet. This early investment by Warburg Pincus represents our recognition of eCert’s leadership and success in servicing the world’s largest financial institutions and service providers. We look forward to working with Kelly and her team to help them achieve the company’s vision of reducing the damage caused by email fraud to businesses, governments and consumers.”
About eCert, Inc.
eCert provides critical protection against email fraud to enterprises, government and other major organizations and their customers. eCert established the first “email trust authority” service to support email authentication and block malicious traffic, and is the only service of its kind in live operation. eCert’s customers include several of the country’s largest financial institutions, and its strategic partners include Yahoo! and Google. In 2010, eCert was selected by BITS, a division of the Financial Services Roundtable, and the Financial Services – Information Sharing and Analysis Center, to extend its email protection capabilities to the entire U.S. financial services sector. eCert was founded in 2008 by experienced veterans in email, security and financial services technology. www.ecertsystems.com
About Warburg Pincus
Warburg Pincus is a leading global private equity firm. The firm has more than $30 billion in assets under management. Its active portfolio of more than 110 companies is highly diversified by stage, sector and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 13 private equity funds which have invested more than $35 billion in over 600 companies in more than 30 countries. The firm has offices in Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, San Francisco, São Paulo and Shanghai. For more information, please visit www.warburgpincus.com