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Utimaco Secures 2.3 Million Euro Support and Consultancy Contract

European provider of professional, certified security solutions Utimaco Safeware has announced that it has signed a 2.3 million Euro support and consultancy contract with one of the largest banking institutions in Scandinavia, The FöreningsSparbanken. The contract is set to run over the next three years.

This latest development builds upon Utimaco Safeware’s long-standing relationship with The FöreningsSparbanken. Utimaco Safeware was initially chosen to introduce a PKI (Public Key Infrastructure) system throughout the organisation in 1998, making The FöreningsSparbanken the first to implement PKI-based security procedures. In addition, Utimaco Safeware has also supplied the bank with smartcard security for authentication, encryption and digital signature functionality for more than 14,000 workplaces. Now with this maintenance contract, which includes professional services and consulting, Utimaco Safeware will play an essential role in the ongoing development and implementation of The FöreningsSparbanken’s corporate security policy.

“Together with Utimaco Safeware The FöreningsSparbanken has developed an innovative security platform that forms the ideal basis for integrating other comprehensive security solutions as and when they are needed,” explained Jackie Groves, managing director, Utimaco Safeware UK.

She continued, “Scandinavia is currently leading Europe in the introduction of new IT technologies. As a security vendor we benefit greatly from working with organisations like The FöreningsSparbanken, which are among Europe's PKI pioneers, because they spur us on to create new products and solutions to meet constantly changing market needs. The benefit to our customers world-wide is that we can use this additional expertise to create new technologies for a wide range of applications.”

PKI is the premier technology for securing e-business, e-commerce and e-government. Utimaco Safeware's SafeGuard® PKI and the PKI-based SafeGuard® product family for authentication, digital signatures and encryption form a wide range of solutions, based on international standards, that provide state-of-the-art security technology for protecting critical information.

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About Utimaco

Utimaco Safeware AG is the leading European manufacturer of professional and certified ICT Security solutions. Utimaco Safeware develops and sells integrated security solutions based on established standards for mobile/desktop security and for internet security.

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