RSA and VeriSign Team Up On Cloud-Based, Two-Factor Authentication Offering
BEDFORD, Mass. and MOUNTAIN VIEW, Calif., Oct. 8 /PRNewswire/ — RSA, The Security Division of EMC (NYSE: EMC) and VeriSign, Inc. (Nasdaq: VRSN), the trusted provider of Internet infrastructure services for the networked world, are working together to provide organizations with the mutual benefit of an expanded VeriSignÃ‚® Identity Protection (VIP) Authentication Service through the availability of RSA SecurIDÃ‚® two-factor authentication technology for more choice in one-time password (OTP) authentication. VIP is a managed, shared authentication solution that provides its users with a single one-time password (OTP) authentication device to securely access multiple Web sites.
Organizations in search of strong authentication solutions will benefit from being able to use VIP in combination with RSA SecurID hardware tokens. RSA and VeriSign, both of whom were recently rated Best-in-Class for Multi-Channel Authentication Technology by Javelin Strategy & Research(1), are teaming up to address the market segment for managed, shared authentication services, offering organizations the convenience of a single platform.
The technical and sales partnership signals a new chapter in the longstanding relationship between RSA and VeriSign. Twenty-five years ago, RSA pioneered two-factor authentication and encryption and in 1995, VeriSign was founded as a separate entity leveraging RSA technology to develop and provide digital identities through a managed services model.
“RSA and VeriSign have a long history of complementary and innovative security solutions and standards, such as SSL, that enabled internet usage and growth,” said Jim Bidzos, VeriSign executive chairman and founder. “We have again joined forces to benefit users by providing managed, shared authentication services on a single platform. No one is better equipped to deliver comprehensive, best-in-class authentication solutions than RSA and VeriSign.”
“Inventive collaboration between key industry leaders is critical to delivering higher value to customers and responding to the ever-changing threat environment,” said Art Coviello, executive vice president of EMC Corp. and president of RSA. “Together with VeriSign, we’ve worked hard over the decades to help ensure online transactions are safe, secure and trustworthy. With more than 40 million users of RSA SecurID worldwide, we’re thrilled at the opportunity to serve customers through the VIP Network.”
VeriSign plans to complete the integration of the RSA SecurID Authentication Engine into the VIP Authentication Service by the end of December 2009, which will enable VIP customers to use RSA SecurID hardware authenticators. At that time, VeriSign will also resell RSA SecurID hardware tokens to VIP prospects and customers, and RSA will likewise resell the VIP Authentication Service to its prospects and customers.
“Institutions worldwide face growing risks to their assets, legal liability and reputations as they seek to securely and conveniently authenticate their customers across multiple channels,” said Robert Vamosi, Security, Risk & Fraud Analyst for Javelin Strategy & Research. “RSA and VeriSign, both of whom were selected as Best-In-Class for authentication technology, are offering an enhanced, scalable, cloud-based global authentication network that is greater than the sum of its parts. This partnership will be a significant force in the adoption of two-factor authentication worldwide.”
Mary T. Monahan, managing partner and research director at Javelin Strategy & Research, added, “The alliance of two powerhouses with the integration of RSA SecurID technology into VIP will strengthen their combined market leadership and work to increase the collective clout of both VeriSign and RSA.”
As part of the agreement, the companies will work to transfer all existing RSA GoID customers to the VIP Authentication Service by the end of Q2 2010. RSA will work closely with all existing RSA GoID customers for a smooth, uninterrupted transition to the VIP Authentication Service. VeriSign is committed to delivering the highest standards of customer care and technical innovation that RSA GoID customers expect today.
The VIP Authentication Service implements two-factor authentication through VeriSign’s cloud-based Security as a Service (SaaS) model, which enables organizations to accelerate authentication system deployments while driving down per user costs. Currently with more than 100 members on the network worldwide, the VIP Authentication Service enables strong authentication for tens of millions of mobile users. The VIP Authentication Service is part of a portfolio of authentication products that include PKI and SSL certificates, which in total, account for more than a billion authentication look-ups each day. The RSA GoID managed, shared consumer authentication service is designed to identify users before they interact with a Web site or online application.
The RSA SecurID two-factor authentication system is used by more than 40 million people across more than 30,000 organizations worldwide to help prevent unauthorized access to corporate applications and resources. The system is comprised of a broad range of hardware and software authenticators that provide end users with a one-time password, along with its software engine — RSAÃ‚® Authentication Manager. The RSA SecurID solution is part of RSA’s complete portfolio of cloud-based and on-premise authentication technologies that when combined, protect more than 300 million online identities worldwide.
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world’s leading organizations succeed by solving their most complex and sensitive security challenges. RSA’s information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle — no matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access control, data loss prevention & encryption, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit www.RSA.com and www.EMC.com.
VeriSign, Inc. (Nasdaq: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.verisign.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 Identity Protection services; 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, 2008, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) insufficient, excess or obsolete inventory; (x) war or acts of terrorism; (xi) the ability to attract and retain highly qualified employees; (xii) fluctuating currency exchange rates; (xiv) litigation that we may be involved in; and (xiii) other one-time events and other important factors disclosed previously and from time to time in the filings of EMC Corporation, the parent company of RSA, with the U.S. Securities and Exchange Commission. EMC and RSA disclaim any obligation to update any such forward-looking statements after the date of this release.
VeriSign, the VeriSign logo, the Checkmark Circle, and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc., and its subsidiaries in the United States and in foreign countries. RSA and SecurID are registered trademarks or trademarks of RSA Security Inc. in the U.S. and/or other countries. EMC is a registered trademark of EMC Corporation. All other trademarks are property of their respective owners.
(1) “Multi-Channel Authentication Via Mobile Banking”, report by Javelin Strategy & Research, September 29, 2009. (RSA and VeriSign Rated Best-In-Class For Multi-Channel Authentication Technology)
SOURCE EMC Corporation