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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Ethentica Receives $25 Million in Funding

October 11, 2000|Karen Alexander

Ethentica, a Lake Forest company that develops user-verification products for computer security, said Tuesday that it has received $25 million in funding in exchange for an unspecified number of shares in the company.

Ethentica said in a press release that the money came from original investors Safeguard Scientifics and XL Vision along with new investors Hewlett-Packard Co., Amdahl Corp. and Greenhill Partners LLC.

Hewlett-Packard also will provide up to $15 million under a convertible debt arrangement, Ethentica said.

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