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ActivIdentity Extends Its Managed Security Service Provider Partner Base

^{Published on 2010-05-12 05:45:26 - Market Wire}
 

FREMONT, CA--(Marketwire - 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."

About ActivIdentity

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, 4TRESS, 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.