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SAN FRANCISCO, OCT. 12, 2005
Identrus Extends Sales Force and Appoints John Traynor and Curtis Jensen to Strengthen Executive Team
Seasoned Executives to Drive Strategic Sales and Business Development to Expanding Customer Base
Identrus™, a global provider of trusted identity solutions, today announced the appointments of John Traynor as the Executive Vice President of Sales and Business Development, and Curtis Jensen as the Vice President of Government Sales. Together, Traynor and Jensen will play key roles in new customer acquisition and the extension of current relationships within the financial services, corporate and government sectors.
"Identrus' goal is to deepen and expand strategic partnerships and establish relationships with financial institutions and government organizations and their customers to build upon the company's leadership position in providing strong authentication and a security-rich environment for electronic transactions," said Karen Wendel, CEO, Identrus. "With the addition of John and Curtis to the Identrus executive team, the company is positioned to drive explosive growth and shape the future of the identity management market."
Traynor brings extensive sales, financial and managerial experience in banking services and business strategy to Identrus. Previously, Traynor was with ABN AMRO Bank where he served as the Group Senior Vice President and Managing Director of Treasury Management Services, growing revenues from $17 million to more than $250 million. He also spent 15 years at CitiBank, serving in a variety of roles in corporate global cash management and financial institution services. Traynor brings a record of success in building strategic alliances, an extensive background and expertise in the banking industry, and a core understanding of financial and corporate customer needs for identity authentication.
"By partnering closely with our customers, I can help ensure that Identrus• solutions will continue to provide unique value as we extend our service offerings across industries and accelerate our sales efforts in the competitive global marketplace," said John Traynor, Executive Vice President of Sales and Business Development for Identrus. "I am excited to be joining an innovative company that is in the forefront of helping customers comprehensively secure their systems."
Jensen comes to Identrus from Marriot International, Inc., where he was the Director of Government Sales and Strategy, developing and integrating sales strategies for multiple segments across the Marriott brands. As the head of government sales, Jensen developed and implemented a fully integrated Web-based infrastructure to support the government sales segment and further advance account driven initiatives. Under Jensen•s tenure, Marriott became the number one provider of lodging to the U.S. government worldwide, representing approximately $750 million in revenue. Jensen also served as an advisor to the U.S. government on the GSA Lodging Advisory Board.
"The government sector represents a significant market opportunity for Identrus with large and diverse customers that require proactive security solutions to meet new policies and mandates designed to secure government IT infrastructure," said Curtis Jensen, Vice President of Government Sales. "Identrus' management team has already made significant inroads to establishing a leadership position in providing security solutions to state and federal agencies, and I look forward to advancing Identrus' growth in this strategic market segment. I am excited to be joining a company so committed to servicing the government sector."
Identrus sets the standards in identity management for banks, businesses and government entities by delivering the only worldwide, interoperable solutions to organizations facing the real business challenge of keeping up with security threats.
About Identrus, Inc.
Identrus™ is a global solutions company that secures interactions where identity is critical. As the only government regulated, bank-built identity company, Identrus provides a worldwide network for trusted identity credentials based on global standards. Identrus' proven solutions provide a legally and technologically interoperable environment for using identities. The Identrus platform provides the legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication and enables these organizations to develop business applications and value-added services for their customers. Identrus partners with systems integrators, software developers, smart card and token providers, as well as experts on identity management, security and fraud to help organizations achieve greater application security and meet their e-business objectives. Identrus membership consists of the world's leading financial institutions spanning 160 countries.
Additional information about the company is available at www.identrust.com.
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Schwartz Communications, Inc.
Rebecca Krueger
+1 415-512-0770
Identrust@schwartz-pr.com
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