Entrust and BBS Join Forces to Provide Managed PKI Service in Europe
Simplifying the deployment of strong e-security solutions.
DALLAS, Feb. 14 -- Public key infrastructure (PKI) continues to serve as the benchmark for online security, particularly for organizations that specialize in financial services. Banking and Business Solutions (BBS) has selected Entrust, Inc. (NASDAQ:ENTU) and Entrust Authority Security Manager to offer a complete managed PKI services solution, which serves as a key component of a layered security model.
"To truly enable the online channel, organizations must leverage a security solution that is embedded within applications and transparent to the end-user, which is PKI," says Ola Forberg, CEO at BBS. "When we decided to offer managed PKI services to European financial institutions and global enterprises, Entrust was the choice because they are a trusted security expert with unmatched leadership in PKI technology and deployment. These new capabilities will allow us to provide our customers a high level of security in a convenient, cost-effective managed service environment."
As one of the largest PKI service environments in Europe, BBS brings to market more than three decades of experience in delivering world class financial infrastructures, including the Norwegian BankID solution, which won the eema Excellence Award in Europe for Securing e-business. BBS' security service portfolio comprises eID infrastructures and value added services as multi-ID authentication and signing solutions, long-term archive, mobile signature services, Det norske Veritas Validation Service and One-Time-Code based services.
"As part of a layered security approach, PKI affords the flexibility, transparency, interoperability and true security needed to unlock the potential of the online channel," said Entrust Chairman, President and Chief Executive Officer Bill Conner. "One of the elite suppliers of financial and security services in Europe, BBS will help organizations leverage the benefits of PKI to assist organizations in their compliance with industry regulations and government mandates."
Owned by Nordic financial institutions, BBS is a leading provider of electronic security, payment and information services. Established in 1972, BBS has successfully delivered multitudes of efficient payment services of national critical importance to Norway. In 2006, BBS had a turnover of euro 200 million and cleared 1.33 billion transactions with a total value of euro 7.2 billion. Headquartered in Oslo, Norway, BBS has more than 750 employees in offices in Norway, Sweden and Denmark.
Entrust Authority Security Manager, an industry leading PKI, is designed to manage the digital keys and certificates that make up the digital identities required to transparently automate all security-related processes in an organization. As the organization's Certification Authority (CA) system, Entrust Authority Security Manager software enables the use of digital signature, digital receipt, encryption and permissions management services across a wide variety of applications and solutions.
About Entrust
Entrust (NASDAQ:ENTU) secures digital identities and information for consumers, enterprises and governments in 1,700 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security. For information, call 888-690-2424, e-mail entrust@entrust.com or visit http://www.entrust.com/.
FCMN Contact: brooke.hamilton@entrust.com
Source: Entrust, Inc.
CONTACT:
Brooke Hamilton
Media Relations of Entrust
+1-972-713-5915
brooke.hamilton@entrust.com
or
Stein-Arne Tjore
Senior Vice President Corporate Communications of BBS
+47 22 89 80 72
for Entrust
Web site: http://www.entrust.com/
