Utimaco Safeware Teams up with Setec Group to Drive Forward E-commerce Security Solutions of The Future Monday 26 March 2001 PDF Print Utimaco Safeware, leading international provider of certified IT security solutions for professional use, today announced its strategic partnership with major European smart card manufacturer, Setec. The two companies have come together as a result of their collaboration on previous projects in the Asian and Eastern European markets and the synergy between their technologies. Utimaco will provide PKAs (Public Key-enabled Applications) that are designed to work with Setec’s smart cards in Sweden and Finland, as well as supplying digital signature technology for Setec’s PKI-enabled EMV banking cards. This move will strengthen the companies’ position in emerging markets and enable them to combine forces in order to penetrate new business fields. Initially Utimaco will release a smart card compatible version of its market leading SafeGuard Sign& Crypt and its SafeGuard Advanced Security encryption software packages for PC and workgroup users, designed to integrate with Setec’s Swedish and Finnish ID card implementations. In addition, the two solutions providers will work together to provide an authentication solution for Identrus, global B2B organisation founded by a coalition of major banks in Asia, Europe and North America. Norbert Pohlmann, Member of the Board of Utimaco Safeware commented, “Both Utimaco and Setec are currently investing heavily in the fast-growing market for security technology in mobile devices, therefore it makes sense for us to combine our expertise now at this early stage in order to present the strongest possible solutions.” He continued, “Setec has just announced its GSM SIM chip with digital signature functionality, which will be an important component in some of the projects we are currently working on such as the use of wireless hand held devices for signing business transactions, or using mobile phones as a secure token to log on to the corporate network.” Utimaco Safeware and Setec will initiate field training programmes to train each others sales forces in Europe and Asia in order to be able to fully support this partnership and any future projects in these markets. The synergy between the two companies will be distinct advantage as more EU countries prepare to introduce ID smart cards to the general population. About Utimaco Safeware Utimaco Safeware AG is the leading European manufacturer of certified IT security solutions for professional use. Utimaco develops and sells integrated security solutions based on established standards for the following areas: mobile/desktop security and internet security. Utimaco Safeware maintains its website at http://www.utimaco.com About Setec Setec is a leading provider of smart card based solutions for secure electronic transactions in open networks. Setec focuses on high-end smart cards with enhanced security, such as the PKI. The group is operating on a global basis with leading telecom operators, banks and public authorities as the major customer segments. Setec Group has operations in Finland, Sweden, Denmark, Poland, Singapore and Thailand. The turnover of the year 2000 amounted to EUR 51,8 million and the company employed 450 people. Setec maintains its websire at http://www.setec.fi This press release was distributed by ResponseSource Press Release Wire on behalf of Strategic Public Relations Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.