Gemalto announced that it has acquired Finnish mobile authentication systems provider Valimo Wireless Oy. The terms of the transaction were not disclosed.
Valimo’s technology enables mobile phone users to digitally sign documents and confirm legally binding transactions by entering a self-chosen passphrase or a PIN code. Valimo Mobile ID solution provides secure online banking, mobile payments, governmental services, electronic and mobile commerce and identity and access rights management for enterprise applications.
According to Gemalto, Valimo has pioneered the use of two-channel, two-factor authentication based on Public Key Infrastructure, combining an over the air platform with a software client in the SIM to generate a legally binding electronic signature, any time, any place.
Olivier Piou, Chief Executive Officer, Gemalto, commented: “Mobile digital signature has been on the horizon for a few years and we believe that we have now reached a tipping point. Whether it is a high end smart phone or a more basic phone, the one digital object consumers always have with them is their mobile phone, and they clearly express their desire to use it more and more for convenience in their daily life. Enabling people to conveniently sign legally-valid transactions is opening up a whole range of new applications for the mobile, at the service of citizens”.
Founded in 2000 and headquartered in Helsinki, Finland, Valimo has been a Gemalto partner for 5 years.