SOURCE: WiKID Systems, Inc.

January 23, 2006 11:00 ET

WiKID Systems Announces Four New Strategic Partners

xDefenders, Authenity, Tiburon and Unicum Data Will Deliver New Markets, Customers for WiKID's Multi-factor, Authentication Solution

ATLANTA, GA -- (MARKET WIRE) -- January 23, 2006 -- As companies scramble to defend themselves against the latest evil tactics used to breach security including malware and phishing, WiKID Systems, Inc., an emerging leader in strong authentication, announced today that it has signed four significant agreements that will serve to rapidly expand the reach and availability of its unique multi-factor authentication system. Stronger, more cost-effective and convenient than traditional systems such as hardware-based tokens, WiKID's multi-factor authentication system enables organizations to effectively protect the privacy and confidentiality of sensitive information by providing a consistent, secure process of authentication that minimizes potential avenues of attack by providing session, host/mutual and transaction authentication from a single software client.

The agreements enable the following companies to resell WiKID's authentication solution to their existing customers and prospects:

--  xDefenders, Inc. - xDefenders is a New York-based, information
    security reseller with clients in 27 states and specific expertise in
    working with financial institutions.
    
--  Tiburon Enterprises - based in Atlanta, Tiburon offers end-to-end
    security expertise and is focused on reaching the Federal market, as well
    as state and local governments.
    
--  Authenity LLC - Authenity targets Fortune 500 corporations and is
    based in Philadelphia.
    
--  Unicum Data - based in Denmark, targets companies and organizations
    located across Denmark and Europe.
    

Nick Owen, CEO of WiKID Systems, Inc., added, "We are thrilled to announce these four new strategic partnerships as they will serve to dramatically escalate the availability of the WiKID system to customers worldwide."

Why WiKID?

Account fraud and identity theft are frequently the result of the exploitation of single factor authentication (such as using a password or ID). In October, the FFIEC (Federal Financial Institutions Examination Council) declared in a public announcement that they consider single-factor authentication to be "inadequate for high-risk transactions involving access to customer information or the movement of funds to other parties." To help combat this problem and equip financial services companies as well as other organizations with effective authentication, these highly trusted security resellers are turning to WiKID's unique solution.

"xDefenders selected WiKID Authentication Systems as a strategic part of our overall security offering because of its effective, state-of-the-art technology, and commitment to open source," said Jeff Thon of xDefenders, (www.xdefenders.com). "The strength of WiKID's multi-factor solution is in direct alignment with our commitment to provide the most innovative, high value security solutions to our customers."

About the WiKID Strong Authentication System

The WiKID Strong Authentication System is a multi-layered, multi-factor authentication system providing session, host/mutual and transaction authentication in a single package. WiKID's use of public key cryptography works across multiple enterprises without a reduction in privacy or security, eliminating the need for multiple tokens. Extensible, flexible and secure, WiKID is well-suited for internal VPN users and is scalable enough for the largest online banking deployments. Starting at just $1,500, WiKID is available under commercial and open-source licenses. To view flash demos, visit http://www.wikidsystems.com/demos/ .

About WiKID Systems, Inc.

WiKID Systems, Inc. is a pioneer in the authentication industry, with the first commercial open-source two-factor authentication system. The WiKID system is also the first authentication solution to provide a 100% self-service initial validation system, and host/mutual authentication to prevent man-in-the-middle attacks. Founded by Atlanta high-tech veterans and Internet experts, Nick Owen and Eric Shoemaker, WiKID Systems was formed in late 2001 to address the growing need for strong, multi-factor authentication. WiKID is a member of the Advance Technology Development Center (ATDC), part of the Georgia Center for Technology and Telecommunications of Georgia Tech. For more information, visit the WiKID Systems web site at www.wikidsystems.com or e-mail info@wikidsystems.com or call 866.244.1876.

WiKID Systems and the WiKID Authentication System are trademarks of WiKID System, Inc. All other products and services mentioned are trademarks of their respective companies.

Contact Information

  • Contact:
    Michele Norwood
    WiKID Systems, Inc.
    404-433-4481
    Email Contact