[October 10, 2018] |
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Veridium Closes Third Quarter with Record Number of MFA Deployments Worldwide
Veridium,
a leading developer of user-centric authentication solutions, today
announced record-breaking third quarter results highlighted by wins, key
hires, industry awards and office expansions in the U.S. and U.K. The
company's multi-factor authentication (MFA (News - Alert)) platform provides
single-step convenience by linking your biometrics (what you are) and
your phone (what you have) as a means of password-free, frictionless
login to consumer and business applications. In Q3, a growing number of
businesses worldwide turned to Veridium to effectively eliminate the
need for passwords, tokens or PINs, and deliver MFA security with
single-step convenience on any device.
Veridium's industry momentum provides further validation that its
digital identity technologies are disrupting the MFA market. Milestones
achieved in Q3 include:
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16 new deployments worldwide, including seven in Mexico, four in Peru,
as well as deployments in Costa Rica, Ecuador, South Africa, Germany
and Southeast Asia.
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Notable customer wins in banking, retail, lending, telco and
government services to address challenges (like KYC verification and
digital onboarding), as well as a partnership with a leading global IT
and business solutions service provider to bring MFA to their client
engagements in banking and retail.
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Expanded offices in the U.S., the U.K., and Romania to accommodate
rapid growth, including ten new strategic hires in sales, marketing,
and product development in Boston and London.
Growing Industry Recognition During Q3, Veridium continued
to build upon a growing list of industry accolades, including being
named to BostInno's "50 on Fire" list and winning Cyber
Defense Magazine's global award in the biometrics category.
Additionally, Gartner (News - Alert) cited Veridium as a Sample Vendor for biometric
authentication within six different Gartner ype Cycle Reports in July:
Hype Cycle for Identity and Access Management Technologies, 2018, Hype
Cycle for IT in GCC, 2018 , Hype Cycle for Digital Banking
Transformation, 2018, Hype Cycle for Endpoint and Enterprise
Wearable Computing, 2018, Hype Cycle for Mobile Device
Technologies, 2018, Hype Cycle for Human-Machine Interface, 2018, as
well as in the September report: Active Directory: The Time to Modernize
Is Now.
Veridium's software-only MFA solution links individuals and their
devices to their digital identities, making it a more convenient and
secure authentication method. The technology allows organizations to
easily embed biometrics - including face, fingerprint, 4
Fingers TouchlessID and behavioral - into their digital environments
for increased security, improved user experience, all the while reducing
fraud at a lower total cost of ownership than traditional MFA solutions.
"Businesses are recognizing the need to secure their most critical
assets with authentication technology that is easy, fast, and secure all
whilst reducing cost," said James Stickland, CEO, Veridium. "At
Veridium, we are providing an unmatched, one-of-a-kind approach to
authentication for our customers - multifactor security for their
digital identities with single-step convenience."
For more information on the VeridiumID
platform and its biometric authentication capabilities, please visit https://www.veridiumid.com/biometric-authentication/.
Gartner Disclaimer: Gartner does not endorse any vendor,
product or service depicted in its research publications, and does not
advise technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist of
the opinions of Gartner's research organization and should not be
construed as statements of fact. Gartner disclaims all warranties,
expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.
About Veridium: Veridium is a leader in the development of
user-centric authentication solutions which link biometrics (what you
are) and with smart phones (what you have) as a means for password-free,
frictionless login to consumer and business applications. Its
multi-factor authentication (MFA) platform can eliminate the need for
passwords, tokens, or PINs - delivering MFA security with single step
convenience at a lower total cost of ownership than traditional MFA
solutions. Veridium has offices in the U.S., the U.K., and Romania. For
additional information, please visit www.veridiumID.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181010005087/en/
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