ActivIdentity Solidifies Cloud Computing Services Initiative
-- Partner-Driven Strategy Helps Managed Security Service Providers to Deliver Strong Authentication and Credential Management --
Fremont, Calif., Jan 19, 2010 – ActivIdentity Corporation (NASDAQ: ACTI), a global leader in strong authentication and credential management, today announced a comprehensive strategy and technology roadmap to enable Managed Security Service Providers to deliver strong authentication and credential management services.
ActivIdentity's cloud computing services initiative enables Managed Security Service Providers to provide an alternative delivery method of infrastructure software to defend against security threats and identity fraud for a variety of vertical markets (e.g., banking and financial services industry, state and local government). In times of economic hardship and a widening information technology skills gap, a subscription-based delivery model is better suited to address the cost pressures of already resource-strapped organizations.
The recent acquisition of CoreStreet solidifies ActivIdentity's cloud computing strategy, as the new subsidiary has existing partnerships with General Dynamics and other service providers that leverage CoreStreet's identity validation product portfolio to deliver managed security services on a subscription basis. New partnering arrangements with other Managed Security Service Providers are expected to follow soon.
"As an element of our long term strategic plan previously outlined, ActivIdentity's go-to-market strategy brings forward a new set of Managed Service Providers, enabling them to create, manage, and authenticate digital identities in the cloud," said Grant Evans, chairman and chief executive officer of ActivIdentity. "Our cloud computing strategy was inspired by feedback from our customers and service providers, indicating a growing desire to move from security solutions to security services. We are not only empowering service providers with this strategy, but the subscription-based pricing model offers our shareholders a more predictable financial business model."
ActivIdentity has extensive experience in helping managed security service providers build credential management cloud computing solutions. As an example, EDS (an HP Company) leveraged ActivIdentity ActivID(TM) Card Management System to deliver a cloud computing service to the U.S. General Services Administration (GSA) Managed Service Office. The managed services provide U.S. Federal government agencies with HSPD-12 compliant identity management and credentialing solutions that provide end-to-end services to enroll applicants, issue credentials, and provide life cycle management.
ActivIdentity Corporation (NASDAQ: ACTI) is a global leader in strong authentication and credential management, providing solutions to confidently establish a person’s identity when interacting digitally. For more than two decades the company’s experience has been leveraged by security-minded organizations in large scale deployments such as the U.S. Department of Defense, Nissan, and Saudi Aramco. The company’s customers have issued more than 100 million credentials, securing the holder’s digital identity. ActivIdentity is headquartered in Silicon Valley, California. For more information, visit www.actividentity.com.
ActivIdentity and ActivID are registered trademarks in the United States and / or other countries. All other trademarks are the property of their respective owners in the United States and / or other countries.
Safe Harbor Statement
The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to our history of losses and need for revenue growth and cost containment, the integration of acquired business and technologies, the variability of our quarterly results, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). There can be no assurance that we will achieve targeted levels of revenues for fiscal 2009 or that our strategic initiatives will result in the anticipated benefits. Copies of our SEC filings, which have more information about these and other risks, are available from the Company and on the SEC website at www.sec.gov. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
T +1 510.745.6310
The Bohle Company
T +1 310.721.6850
Madison Alexander PR
T +1 714.832.8716
Chief Financial Officer
T +1 510.574.1792