The partnership will combine VeriSign's expertise as a leading PKI provider with TrustBearer's solutions for easy, rapid deployment of PKI applications and strong authentication using smart cards across all major Web browsers and platforms. The joint effort is aimed at benefiting organizations looking to simplify high-volume delivery of PKI digital certificates and applications via the latest generation of smart cards.
PKI uses digital certificates issued by a Certificate Authority (CA) for encryption and authentication so all parties involved in a communication or transaction can achieve and ensure confidentiality, message integrity and user authentication. PKI is a natural fit for smart cards, which are increasingly used by government agencies, health care providers and large enterprises as a way to streamline identification and access to services. By making PKI-enabled features easier to use, VeriSign and TrustBearer will help organizations expand the use of their cards, protect users from online identity theft, streamline approval processes, and safeguard sensitive private data.
"Smart cards hold enormous potential for providing fast and secure access to services, and PKI offers a vital way to reduce risk exposure and comply with security regulations," said Adam Geller, vice president, Enterprise and Government Authentication at VeriSign. "Working with TrustBearer not only helps us access new customers that have yet to select a PKI solution, but we're also able to help our current customers derive even more value from their existing PKI implementations."
"Enterprises and government agencies working to implement PKI security on smart cards can now benefit from the combined expertise of leaders in their respective fields," said David Corcoran, CEO and founder of TrustBearer. "By working with VeriSign, we're able to help organizations effectively integrate PKI into high-security smart card deployments targeted at mass end-user and consumer populations."
This latest effort marks the second time VeriSign and TrustBearer have applied their expertise to the same challenge. In June, Microsoft® selected VeriSign and TrustBearer as the first two OpenID providers for users of HealthVault™, a free service that enables consumers to store and manage their health information online.
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About TrustBearer Labs
TrustBearer Labs provides digital identity software solutions that allow organizations to easily deploy applications for security devices such as smart cards, biometrics, and USB tokens. TrustBearer Live, the company's flagship product, simplifies the usage of security devices and PKI credentials by combining them with easy to use web-based applications that are centrally managed and work across most web browsers and platforms. More information about TrustBearer Labs can be found at www.trustbearer.com.
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including VeriSign PKI solutions; the possibility that VeriSign's announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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