Authentify™ Secures $3.5 Million in First Round Financing

Emerging Provider of Internet Authentication Technology Prepares for Market Introduction of Products and Services

CHICAGO - May 1, 2000 - Authentify, Inc., an emerging provider of software and services that confirm the identity of Web users, today announced that it has raised $3.5 Million in its first round of financing. The financing round was led by founder and Chairman, James R. Woodhill, and JMI, Inc. Authentify will use the funds to develop the technology to the product stage, expand infrastructure and cultivate early stage business development. The company also announced that John J. Moores, chairman of JMI, Inc., has joined the company's Board of Directors.

"Authentify has developed the Internet security breakthrough that e-commerce technology and business managers have been waiting for," said Jim Woodhill. "Authentify provides e-businesses the ability to securely, auditably, and quickly establish the "first" electronic security credential for a Web user, whether that person is an existing 'bricks-and-mortar' customer, or someone with whom the company has no prior business relationship."

Authentify|Register™, the company's forthcoming product, will provide an automated, self-service tool to quickly and reliably authenticate a user's identity over the Internet. Authentify|Register will provide both a verification and audit mechanism for any individual electronic transaction, not just initial electronic security credential issuance.

"Security is the foundation for conducting e-business and Authentify has developed a new approach that solves one of e-commerce's thorniest issues: first time authentication of Web users," said Peter Tapling, President and CEO of Authentify. "We have received a powerful response from the market for this technology and we are preparing to grow the company quickly."

"I'm pleased to have the opportunity to invest in Authentify and have great confidence in the strength of this technology," said John Moores, Chairman of JMI, Inc. "Authentify's management team has developed a very impressive business model and unique vision for reshaping the way companies will confirm the identify of Web users for the first time."

About Authentify
Authentify, Inc. enables businesses and individuals to establish trusted online relationships-in real time. The company's first product, Authentify|Register, quickly and reliably authenticates a user's identity over today's inherently anonymous networks, including the Internet, Extranets and Intranets. Authentify is privately-held and based in Chicago, Illinois. To contact Authentify visit us on the Web at http://www.authentify.com, write to info@authentify.com, or call 773.243.0300.

About JMI, Inc.
JMI Inc. was founded in 1992 by John J. Moores, the founder and former chairman and CEO of BMC Software, and current chairman of Neon Systems, Peregrine Systems and the San Diego Padres. JMI is focused on investments in technology-oriented growth companies and has invested in over 40 early-stage software and information services companies. For more information about JMI, Inc., go to http://www.jmi-inc.com.

About James R. Woodhill
James Woodhill is a Houston-based private investor and entrepreneur who partners with JMI, Inc. on very early-stage software investments. He has more than 30 years of experience in enterprise computing. Mr. Woodhill was a seed round investor and founding member of Mission Critical Software, Inc. (NASDAQ: MCSW). He was also a co-founder of MVS Software, Inc.

©1999-2000 Authentify, Inc. Authentify, the Authentify logo, and Authentify|Register are trademarks of Authentify, Inc. All other product names, service marks, and trademarks mentioned herein are trademarks of their respective owners.

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