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GeoTrust Acquires Leading German Trusted IT Security Services Provider TC TrustCenter
January 10, 2006
NEEDHAM, MA., and HAMBURG, Germany – January 10, 2006 – GeoTrust, Inc., a leader in identity verification solutions for e-business and a leading issuer of digital certificates for web security, today announced that it has acquired the entire assets of TC TrustCenter, a German company with a strong portfolio of IT security solutions. The acquisition provides GeoTrust with industry-leading smart card solutions; a state-of-the-art data center that is fully compliant with the German signature act; and 3,500 customers across Germany and Europe, including major financial and industrial organizations as well as government and public authorities.
“TC TrustCenter is the leading provider of managed trust services in Germany, with world-class customers and a strong portfolio of authentication products,” stated Neal Creighton, CEO of GeoTrust. “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. “Digital certificates, stored on smart cards, have become the standard for ensuring safe internet and online banking transactions throughout Europe,” said James McGlynn, head of GT for Corporate, HBOS Group Technology, HBOS, the United Kingdom’s fifth largest bank. “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.”
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 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.
“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,” said Sabine Kockskaemper, managing director of TC TrustCenter. “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.”
About GeoTrust, Inc.
GeoTrust is a leader in identity verification and trust services for e-business, and the fastest growing Certificate Authority, according to market research firm Netcraft. Its products include web security services for secure e-commerce transactions, identity verification, managed security services and TrustWatch (www.TrustWatch.com), a free toolbar and search site that helps consumers recognize whether a site has been verified and is safe for the exchange of confidential information. With more than 100,000 companies worldwide using its technology for online security, GeoTrust has rapidly become the second largest digital certificate provider in the world. Visit www.geotrust.com for more information.
About TC TrustCenter
As one of the leading international solution providers on the IT security sector, TC TrustCenter’s range of customers consists of international companies, medium-sized enterprises, authorities and private customers. In order to efficiently address this great variety of needs, TC TrustCenter’s scope of services includes all stages of security projects and their value-added chains. The company’s core competences include extensive consulting services and the complete process of developing and integrating IT security solutions, beginning with analyses and project concepts and ending with their full integration into company processes. An existing modular security infrastructure, scalable systems as well as a network of competent partners are available to ensure quality customer service.
Related Member:
Zenas Hutcheson
Related Company:
GeoTrust, Inc.
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