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ABRY Partners Makes Significant Investment in QuoVadis
Hamilton, Bermuda/Boston (July 10, 2007) - QuoVadis, a leading
provider of online identity certification services, today announced
that it has completed a significant investment from ABRY Partners, LLC.
QuoVadis will use the funds to further develop its rapidly growing
operations in Europe.
QuoVadis provides outsourced identity
certification services that help customers meet their regulatory and
business obligations for data integrity and privacy. QuoVadis offerings
are used to secure access to computer networks and applications, to
encrypt data and transactions for privacy, and to authenticate people,
devices, and documents.
QuoVadis was founded in 1999 to provide
online security services to the burgeoning international business
sector based in Bermuda, now one of the largest insurance markets in
the world. To better serve its expanding clientele, in recent years the
company established operations in Switzerland and the United Kingdom.
Along the way, QuoVadis’ offerings have been accredited under European
and international standards for digital certificates and electronic
signatures.
“QuoVadis’ client base includes some of the largest
brand names in the financial services, insurance and retail sectors.
This investment is a strong vote of confidence from ABRY and will allow
QuoVadis to increase our overseas sales presence and to accelerate our
rollout of new services and support options for international
customers,” said Roman Brunner, CEO of QuoVadis.
“With the
growing maturity of e-business, companies want the efficiencies of the
online world but are also very aware of their obligations to protect
data. With its proven technologies and important security
accreditations, we believe that QuoVadis supports both those goals. We
are pleased to work with QuoVadis’ management to further expand the
reach of their international operations,” said John Hunt, Partner of
ABRY.
About QuoVadis
QuoVadis is a leading international
provider of online identity certification services. QuoVadis’
outsourced services allow customers to meet their obligations for data
integrity and privacy. QuoVadis provides digital certificate and
smartcard solutions to secure access for computer networks and
applications, to encrypt data and transactions, and to authenticate
people, devices and documents. The company is a Qualified Certification
Services Provider (CSP) in Switzerland and Bermuda, and was one of the
first providers worldwide authorized to issue “Extended Validation” SSL
certificates.
In addition to its international identity business,
QuoVadis is a dominant provider of business continuity services in
Bermuda, with offerings including secure hosting, work area recovery,
and remote backup. Other investors in QuoVadis include KeyTech, the
holding company for a diversified group of technology and
telecommunications providers.
About ABRY Partners, LLC
ABRY
Partners invests in the media, communications, business information,
and entertainment industries. Based in Boston, Massachusetts, ABRY is
one of the most experienced and successful media-focused private equity
investment firms in North America. Since 1989, ABRY has completed over
$18 billion of leveraged transactions and other private equity and
mezzanine investments, representing investments in over 450 properties.
Extensive experience and long-standing relationships within its areas
of investment focus allows ABRY to contribute significant value to its
operating partners and portfolio companies.