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26th February 2015

SecureKey Announces New Funding To Broaden Adoption Identity Network Services

securekey technologiesToronto’s SecureKey Technologies has raised $19 million in Series C funding led by current investors including Blue Sky Capital and Rogers Venture Partners LLC. The funding fortifies SecureKey’s ability to bring its identity and authentication network services to key market sectors worldwide while building on successful implementations that are already deployed.

The SecureKey Concierge Service is now recognized as one of the most successful federated authentication network initiatives in the world, with the total number of active users enrolled doubling over the past year. SecureKey Concierge currently serves the Government of Canada and other Canadian market customers with services based upon its partnerships within the Canadian banking community.

“SecureKey allows organizations to build or subscribe to an identity network that connects consumers to online services via a trusted third-party credential of their choice, where both privacy and security are paramount,” said Charles Walton, CEO of SecureKey. “The funding will help SecureKey accelerate its growth, as people, governments, and organizations worldwide embrace a future that removes the burden of passwords while giving consumers the convenience, choice, and control they deserve.”

In the U.S., SecureKey’s cloud-based service is also the core infrastructure for Connect.Gov, a government-wide, cloud-based service that enables agencies to provide citizens with convenient, secure, and private access to online services using government-approved, commercially issued digital credentials. In January 2015, SecureKey became the first identity and authentication service to be issued provisional Authorization to Operate (pATO) from the Joint Authorization Board (JAB) of the Federal Risk and Authorization Management Program (FedRAMP).

“Today’s consumers need and expect convenient access to the online services they use most, without sacrificing the critical security of their personal information,” said Greg Wolfond, Blue Sky Capital. “We are proud to support SecureKey as it paves the way for governments, companies, and consumers to securely authenticate to critical online services and to exchange key identity data enabling new services.”

The company also named Didier Serra to the role of Executive Vice President, where he will lead SecureKey’s consolidated sales and marketing team to support the company’s worldwide growth in key markets and with strategic partners.

“SecureKey’s solutions are well received and referenced as a model by leading organizations, customers, and partners across the globe,” said Serra. “As strategic partnerships continue to extend the value of SecureKey through the creation of a modern identity ecosystem, millions of people now rely on our identity network services to use their trusted credentials to securely connect with the organizations and services they need. I look forward to helping SecureKey bring its services to market worldwide with a way to finally bring together identity, security, privacy, and convenience.”

This entry was posted on Thursday, February 26th, 2015 at 10:01 am and is filed under Business News, Digital Products, National News, Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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