SUNNYVALE, CA, August 27, 2007 â€“ Arcot Systems, a leading provider of secure e-payment and authentication solutions, announced today that David E. Kaplan has been named as its new chief financial officer, effective immediately.
â€œWe are pleased to welcome David to the Arcot management team,â€ said Ram Varadarajan, president and CEO of Arcot Systems. â€œHis wealth of experience and expertise in handling the finances and strategic direction of a variety of companies, especially technology firms, will help us bring Arcot to the next level of growth and progress as a recognized leader in authentication.â€
Kaplan has over 25 years of management experience spanning early-stage enterprises to Fortune 500 companies. Prior to joining Arcot, he served as chief financial officer at Dragon Media Online, Inc. He previously held positions as vice president of finance for Weathernews, Inc., and chief financial officer of Home Account Network, Inc., where he led the raising of institutional equity and debt financing and eventual successful sale of the company. In addition, Kaplan has served as a strategic advisor and board member for a number of high technology companies, and has held key management positions at PG&E Corporation, overseeing corporate planning, corporate budgeting, and investor relations functions.
Kaplan holds bachelor's and master's degrees in geophysics from Stanford University and an MBA from the Harvard Business School.
Arcot Systems is a leading provider of risk-based authentication, strong authentication, digital signing and cardholder authentication solutions. The company makes online transactions safe for millions of customers by blocking fraud and protecting access. Arcot technology defends against Internet threats including phishing, man-in-the-middle, and spyware. Its 100% software authentication solutions eliminate the need for hardware tokens and complex login processes providing customers with strong, PKI-based authentication with the simplicity of a username/password interface. Arcot offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC Internet Banking Authentication recommendations.