It's a European financial-services website that is based in Ireland, is run by French and German managers and has just merged with a Spanish offline bank.
One international startup financed by Apax is I-Scraper.com, an Internet service for property developers run from Germany, Israel, Britain and the U.S. Another is ENBA, a European financial services Web site based in Ireland that is run by French and German managers and has just merged with a Spanish offline bank.
Asia is a big step up for the company: there are some 60 million migrants from the region and some $250 billion is transferred annually in the region, and today some 75% of that activity is done offline with banks or money transfer operators like Western Union.
They also believe Iran engineered computer attacks that intermittently took America's largest banks offline in September, and last week disrupted the online banking Web sites of Capital One and BB&T.
In 2013, they brought down government computers and kept banks offline for as much as a week.
"A key challenge there is to get information from the Knowledge Bank offline," says Hobbs. "This may be in print, or through SMS.
With FireID, users generate a one-time password via their mobile phone, even when offline, to access online banking, e-commerce websites, cloud-based applications and VPNs.
Security researchers said the attack methods were too basic to have taken so many American bank sites offline.
Government officials also say Iran was the source of a separate continuing campaign of attacks on American financial institutions that began last September and has since taken dozens of American banks intermittently offline, costing millions of dollars.
