Authentify™ B Round Exceeds $8.5 Million

Additional Funding Expands Sales and Marketing Efforts for Authentify|Register™ Service

CHICAGO, IL - June 25, 2001 - Authentify, Inc., a leading provider of Internet identity solutions, today announced that two new investors had joined existing investors to bring the total amount of Series B funding to $8.55 million to date. This funding will be used to enhance internal development of its offerings, to build and expand its sales channel, and to provide support for Authentify|Register. Authentify formally launched Authentify|Register at the RSA Conference 2001 held in San Francisco last month.

The overall B round was co-led by existing investors, Jim Woodhill, Authentify founder and chairman, and John Moores, founder of JMI, Inc. "JMI focuses its investments in innovative companies that provide the building blocks for the Internet economy," said John Moores. "We believe that Authentify will be an important player in the Internet security marketplace." New investors included Louis Woodhill, an existing board member and CEO of Scalable Software, Inc. and Peter Schaeffer, the former CTO of Neon Systems (NASDAQ: NEON).

"It is becoming clear that the real Internet revolution will require bringing "online self service" to the interactions between established businesses and their existing customers," said Louis Woodhill. "This will require verifying the identity of these customers online and Authentify has the only secure, scalable, cost-effective method of doing this."

"We are very pleased with the level of enthusiasm that has been generated as a result of our recent product launch activities," said Peter Tapling, president and CEO of Authentify. "We anticipate this additional funding will propel Authentify into a period of sustained growth, and we are gratified to know that our investors share Authentify's vision for Internet security."

About Authentify
Authentify, Inc. provides Internet identity management products and services that enable organizations to quickly and cost-effectively provide real-time user authentication during an Internet session. By leveraging the familiarity of telephone networks, Authentify ensures that deployment of e-Security is practical for business and easy for consumers. The company's patent-pending process seamlessly integrates into existing online processes that have been developed for e-business, secure information access and the distribution of security credentials. The Authentify solution provides a trusted, real-time mechanism for the management of digital credentials and username/password systems for employees, trading partners and customers, while also ensuring the availability of a comprehensive audit trail. Authentify is privately held and based in Chicago, Illinois. Visit Authentify on the Web at http://www.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 Inc. is focused on investments in technology-oriented growth 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 general partner of the JMI-MWSV Fund, with expertise in identifying early-stage security and software infrastructure investments. He has more than 30 years of experience in enterprise computing. Mr. Woodhill was a seed round investor and founding executive at Mission Critical Software, Inc. He was also co-founder of MVC Software, Inc.

©2001 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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