Avast announced late last week the acquisition of SecureKey Technologies – a move intended to strengthen its portfolio of offerings for digital authentication and online identity management. The transaction was announced Thursday. Financial details were not disclosed. According to the Czech cybersecurity giant, this operation will allow it “to expand its range of identity products and services, as part of its vision of digital freedom”.
Founded in 2008, the Ontario, Canada-based company pioneers access management solutions for the enterprise. SecureKey’s software includes identity and authentication management processes – connecting customers to their bank, carrier or government – to “securely and privately authenticate with organizations’ services participants and affirm their identity to access it”.
SecureKey’s technologies emphasize the security of financial data and the handling of personally identifiable information (PII). More than 200 million digital ID transactions are handled by SecureKey every year worldwide. “We live in a digital world, but we are forced to use obsolete and faulty identity systems, with too many opportunities for fraud,” argues the management of SecureKey. SecureKey is a member and affiliate of organizations like the Linux Foundation, Fido Alliance, Hyperledger, and DIACC.
A strategic sector for Avast
Fortune Business Insights estimates that the identity and access management services market will be worth $34.52 billion by 2028. Avast CEO Ondrej Vlcek says the company is “considering a digital identity framework global and reusable that will underpin a new layer of trust for the internet”.
To achieve this goal, digital identity management must be developed internationally. The Czech group says the acquisition is expected to close next month, and SecureKey products will be available to consumers under the Avast umbrella in the second quarter.
“Working closely with governments, financial institutions and enterprises, we have a proven track record of mature, trusted identity networks that provide consumers with the secure digital capabilities they deserve,” commented Greg Wolfont. , CEO of SecureKey. “Combining our strengths with Avast allows us to innovate more and faster with our technology, as we seek together to build a more trustworthy future for all internet users. »
Source: ZDNet.com