ACTIVIDENTITY EXTENDS ITS MANAGED SECURITY SERVICE PROVIDER PARTNER BASE
Fremont, Calif., May 12, 2010 - ActivIdentity™ Corporation (NASDAQ: ACTI), a global leader in strong authentication and credential management, today announced that it has extended its subscription-based business over the last few months by broadening its collaboration with a number of Managed Security Service Providers (MSSPs).
In January 2010, ActivIdentity introduced a comprehensive strategy and technology roadmap to enable MSSPs to deliver cloud-based strong authentication and credential management services. This strategy also created a subscription-based, recurring revenue model for the company with benefits that will continue to occur over the long term.
Building upon its extensive experience in collaborating with MSSPs, including HP Enterprise Services (formerly EDS) and British Telecom, ActivIdentity was able to extend its reach into the service provider community, adding a market leader in business aviation and mission-critical information systems and technologies as well as a global leader in delivering broadband and other wireless and wireline communications services to its partner base. As a strategic initiative ActivIdentity will continue to grow and develop the MSSP partner network on a global basis across target vertical markets such as banking and the financial services industry, as well as state and local governments.
ActivIdentity’s comprehensive portfolio of strong authentication, credential validation, and credential management software enables MSSPs to offer scalable, high-value, and competitive managed security services to their customers, cost-effectively. ActivIdentity’s versatile authentication engine (ActivIdentity 4TRESS™ Authentication Server), along with credential management capabilities offered by the ActivIdentity ActivID™ Card Management System, provide a strong platform on which to build a managed security service.
“Industry analysts are predicting that managed security services will be the fastest growing segment of the managed services arena expanding at a compound annual growth rate of nearly 20 percent over the next few years,” said Grant Evans, chairman and chief executive officer of ActivIdentity. “Many organizations have yet to make information security a core competency. Therefore, it is not surprising that a subscription-based managed security service offering provides many resource-strapped organizations the necessary tools to address a widening information technology skills gap and guard against the increasing number of security threats.”
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 is a registered trademark 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.
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