Courion Corporation Identity Management Lifecycle Solutions.
Summary
NATICK, MA May 10, 1999 Courion Corporation, the leading provider of IT Self-Service and Support Chain Automation solutions, announced it has completed a $4.1 million first round financing. The financing was led by JMI Equity Fund III, L.P., a Baltimore-based venture capital firm well known for its successful investments in software and services companies in the IT support, security, and systems management markets. "There has been a strong demand among premier Global 2000 companies for Courions support automation solutions to reduce costs, improve service quality and increase security. PasswordCourier has been adopted as an enterprise password management solution by leading manufacturing, financial, utility, energy, telecommunications, Internet and computer companies. JMI Equity Fund, L.P. (www.jmiequityfund.com), was founded in 1992 by John J. Moores, the founder and former chairman and CEO of BMC Software, a systems management and database utility company.
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