Digital Certificate Company, GeoTrust, Acquires German ‘Smart Card’ Firm
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Needham, Massachusetts - (Cheap Web Hosting Directory) - January 10, 2006 - Secure digital trust certificate company, GeoTrust,Inc., hasacquired the entire assets of TC TrustCenter, a German company with a strongportfolio of IT security solutions.
The acquisition provides GeoTrust withindustry-leading smart card solutions; a state-of-the-art data center that isfully compliant with the German signature act; and 3,500 customers acrossGermany and Europe, including major financial and industrial organizations aswell as government and public authorities.
According to Neal Creighton, CEO of GeoTrust, ”TC TrustCenter is the leading provider of managed trust services in Germany, with world-class customers and a strong portfolio of authentication products. TC TrustCenter has been at the forefront of smart card technology for digital authentication - a technology that enhances GeoTrust’s digital certificate solutions and provides us with an expanded portfolio of two-factor authentication offerings. As more businesses and governments adopt smart cards and tokens for identification and authentication, this will prove to be an extremely valuable addition for customers worldwide.”
TC TrustCenter was founded in 1997 and was run by Germany’s four leading banks: Commerzbank AG, Deutsche Bank AG, Dresdner Bank AG and Bayerische Hypo- und Vereinsbank AG. TC TrustCenter’s solutions allow customers and partners to reliably authenticate themselves to online services and applications, guaranteeing the source and integrity of transactions and communications. The company counts HBOS (Halifax Bank of Scotland), Siemens, SAP, Airbus and many government agencies among its leading customers.
James McGlynn, Head of GT for Corporate, HBOS Group Technology, HBOS, the United Kingdom’s fifth largest bank stated, ”Digital certificates, stored on smart cards, have become the standard for ensuring safe Internet and online banking transactions throughout Europe. We chose to partner with TC TrustCenter because their automated technology made the provisioning and distribution of smart cards to our customers a cost-effective and streamlined process. And with over 40,000 smart cards in use among our largest customers, this is an extremely important capability.”
According to GeoTrust, the TC TrustCenter acquisition will enhance GeoTrust’s focus on providing identity verification and authentication solutions that enable businesses, institutions and consumers to conduct secure network transactions. The TC TrustCenter solutions will also enhance GeoTrust’s product set by allowing strategic applications such as secure e-mail, secure VPN (Virtual Private Networks), digital signatures, encryption and access control on a single identity card, providing portability for digital certificates.
Additional GeoTrust solutions, which will be marketed by TC TrustCenter, include managed security services for large enterprises; web security services for hosting providers; identity verification services to confirm the identity of businesses, individuals and web sites; and digital signing services for documents and code.
Sabine Kockskaemper, Managing Director of TC TrustCenter commented on the acquisition, ”We are pleased to be joining GeoTrust, a company strategically focused on identity verification and authentication, and one that shares our commitment to delivering innovative security solutions. The acquisition provides TC TrustCenter with a significant distribution channel to bring our two-factor authentication technology to worldwide markets, as well as the resources to allow us to continue to develop leading security solutions. Both the GeoTrust and TC TrustCenter customers will benefit from this partnership.”
To learn more about GeoTrust, Inc., please visit: www.geotrust.com.
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