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ActivIdentity Launches Authentication Appliance for Banking Sector

^{Published on 2010-05-23 22:40:40 - Market Wire}
 

FREMONT, CA--(Marketwire - May 24, 2010) - [ ActivIdentity Corporation ] (NASDAQ: [ ACTI ]), a global leader in strong authentication and credential management, today announced the launch of an innovative new appliance-based version of its [ ActivIdentity 4TRESS™ Authentication Server ]. The product is targeted at small- and mid-sized banks and other financial services organizations with a need for a range of authentication methods as well as strong audit logging across multiple service channels.

The [ ActivIdentity 4TRESS Authentication Appliance ] combines ActivIdentity's industry leading versatile authentication engine with a hardware security module (HSM) to provide a cost-effective solution that is both highly secure and simple to deploy. The embedded HSM is Federal Information Processing Standards (FIPS) 140-2 Level 3 and Evaluation Assurance Level (EAL) 4+ compliant.

The ActivIdentity 4TRESS Appliance offers support for many authentication methods (e.g. user name and password, knowledge-based authentication, one-time password, out-of-band transaction codes and public key infrastructure [PKI] certificates) and diverse audiences across a variety of service channels, making it the preferred versatile authentication platform for customer-facing transactions of many financial institutions worldwide.

"The combination of ActivIdentity 4TRESS Authentication Server software and the convenience of the appliance form factor enables financial services organizations to launch a highly secure Internet banking site or fortify an existing online presence in a shorter period of time, at a reduced total cost of ownership," said Jerome Becquart, Vice President of products and services at ActivIdentity. "Leveraging the appliance, organizations can abide by compliance mandates and grow customer confidence in the security of self-service channels such as Internet, mobile banking, or automated phone systems."

The ActivIdentity 4TRESS Authentication Appliance is available immediately. The appliance comes as a 1-RU mounted box with redundant power supply. For increased ease of deployment, ActivIdentity provides a version that comes pre-configured for TEMENOS T24 ARC Internet Banking.

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 and 4TRESS 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.