SOURCE: Bharosa

May 22, 2006 08:00 ET

Bharosa Receives Red Herring 100 Award, Commences National Speaking Tour on Topics of FFIEC Compliance and Online Security

SANTA CLARA, CA -- (MARKET WIRE) -- May 22, 2006 -- Bharosa, Inc., a global provider of secure multifactor authentication solutions, today announced that it has been selected as a winner of the annual "Red Herring 100 North America" award by Red Herring magazine. This list of 100 privately held companies in North America recognizes those that play a leading role in innovating the technology business.

Bharosa also announced the details of its national speaking tour, which kicks off at the exclusive Red Herring Spring 2006 CEO summit. Jon Fisher, CEO of Bharosa, will present the company at the summit, May 23-25 in Monterey, California, where technology entrepreneurs, investors, and corporate developers will gather to be the first to meet this next wave of disruptive technology companies.

Other nationwide speaking appearances by Bharosa's chief executive include the following industry events:

--  Red Herring Spring 2006 CEO summit, May 23-23, Monterey, California
--  Rodman and Renshaw 3rd Annual Security, Biodefense and Connectivity
    Investor Conference, June 19, New York, New York
--  Online Banking Security and Authentication, June 20, Chicago, Illinois
--  Global Concepts Cash Management Forum, June 21, Philadelphia,
    Pennsylvania
--  Red Herring East 2006, June 27, Boston, Massachusetts
    
Throughout the spring speaking series, Bharosa will share enterprise best practices for online security and regulatory and FFIEC compliance, as established by the leading firms in industry, particularly within financial services. Presentation topics include case studies in multifactor authentication for online banking and "FFIEC Compliance Best Practices."

Bharosa's CEO will be sharing lessons learned by working with some of the world's most discerning businesses. Bharosa technology is licensed to leading financial institutions and more than 10 million users in 64 countries worldwide. More specific information about the dates and times for Bharosa's speaking appearances is available at www.bharosa.com.

About Bharosa

Bharosa, Inc. is a privately held company founded in May 2003 and headquartered in Santa Clara, California. Bharosa offers online security solutions to protect against the rising risks of Phishing, Trojan and Proxy-based fraud. Patent-pending Tracker and Authenticator products offer purely Web-based, multifactor authentication and online fraud monitoring and detection. More information about Bharosa is available at www.bharosa.com.

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