Fortress Technologies receives $13M funding from an investor group led by Liberty Partners; two managing directors of Liberty Partners join Fortress's board

August 20, 2002

1 Min Read

TAMPA, Fla. -- Fortress Technologies, a leading provider of security infrastructure products for wireless networks, today announced that it has closed a new $13 million round of venture capital financing. The funding was provided by Liberty Partners, a private equity investment firm in New York City, and a group of current investors including Robert Trump. Fortress will use the proceeds to expand sales and marketing for its AirFortress(TM) Wireless Security Solution, the only FIPS-140-1 certified 802.11 wireless network security product. AirFortress provides the highest level of protection against a wide range of potential threats to disrupt and penetrate wireless networks in enterprise, healthcare, government and military applications. The AirFortress product family is available through a network of value-added resellers and selected government integrators. Fortress Technologies also announced today that Tom Greig and Steve Fischer, managing directors of Liberty Partners, have been added to the board. The board also includes Shawn Hughes, Fortress CEO, Retired U.S. Navy Admiral Roland G. Guilbault and Tony Ibarguen, Managing Director, Internet Capital Group. "Fortress has powerful, proven technology that is removing uncertainty about wireless networks and protecting data security and privacy for customers as varied as the U.S. Army and Tampa General Hospital," said Steve Fischer of Liberty Partners. "Fortress has been able to recapitalize and restructure the company and to bring in a new experienced management team, which will enable them to take advantage of the tremendous opportunities in the wireless security market." Fortress Technologies Inc.

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