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 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:
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