Imprivata, a Massachusetts firm specializing in converged identity and access control solutions for both physical and network access, has landed a new batch of funding. The company announced today that it had closed its Series C round of financing with $15 million.
Funding came from SAP Ventures, the venture capital group of business software company SAP, as well as existing investors Polaris Venture Partners, General Catalyst Partners and Highland Capital Partners.
The company provides enterprise-level single sign-on solutions and authentication, and its solutions have been used not only for network and data access, but are integrated into physical security solutions. It's key solution is the OneSign platform, which can be used as a compliance tool in addition to a security appliance. The system can replace Windows and VPN passwords, and integrates with smart cards, prox cards, fingerprint biometrics and one-time password units.
According to Jennifer Scholze, a partner in Imprivata's investor SAP Ventures, Imprivata had made "dominant footholds in sectors such as healthcare, government and financial services." Scholze said she felt that the company is "poised to emerge as the independent vendor of choice."
Omar Hussain, the president and CEO of Imprivata, said the firm has seen triple-digit revenue growth, and said the support in the third round validated what the company has been seeking to do.
