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SEB invests in secure e-transaction enabler, Arcot Systems

Arcot Systems, Inc., the leading provider of "software smart cards", providing secure digital identity solutions to ensure security and privacy in Internet and Enterprise transactions - announced today, that SEB has decided to make a strategic financial investment in Arcot.
"SEB considers web enabled transactions as a core technology for our continued success and geographic expansion. Our challenge is achieving this without slightest compromise in the transaction security" said Carl Sundvik, President of SEB e-Invest. "Arcot's solution is interesting as it provides comparable security level as hardware tokens and smart cards, but with the added convenience of mobility provided by software-only solutions.
"We are excited to have the investment from SEB, which is well known for its well developed plans and execution of e-business solutions. It is a further testimonial to the value of our business and our technology," said Elis Nemes, President, Arcot International. We anticipate a rapid and strong endorsement of our software-only approach to user authentication in Europe, where strong security is a must."
About Arcot Systems
Arcot Secure Digital Identities provides strong user authentication and digital signature solutions for enterprise and Internet applications. Only Arcot can provide a software-based solution with any-device, anywhere, anytime capabilities for users that demand mobility, security, and convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot Secure Digital Identities to protect user privacy and reduce fraud. Arcot Secure Digital Identities has been adopted by a wide-range of companies including the Swedish Post, First Union, Bechtel, Union Pacific and Medicity. Read more about Arcot at www.arcot.com
Arcot WebFort(TM)
With the following characteristics, WebFort provides a compelling alternative to hardware solutions:
  • "Smart card" level of security in software the convenience of a software-only solution that supports both desktop and mobile users with the same user interface
  • Scalable to accommodate large user communities
  • Easily integrated into Web applications
  • Supports industry standards and easily integrates with leading certificate authorities
  • Low total cost of ownership -- a fraction of the cost of hardware token-based solutions