LONDON, April 1, 2015 /PRNewswire/ -- ValidSoft UK Limited ("ValidSoft") (www.validsoft.com), a global supplier of transaction authentication solutions utilized by financial services, governments and enterprise sectors, and a wholly-owned subsidiary of Elephant Talk Communications Corp. (NYSE MKT: ETAK), today announced the signing of a large new commercial customer contract for its newly enhanced User Authentication platform featuring its Voice Biometric technology with a large US-based corporation.
Paul Burmester, CEO of ValidSoft stated: "This contract is a major milestone for ValidSoft and an important validation of our voice biometric technology and User Authentication Platform, not only because of the scale of this deployment, but because our technology was chosen after an intense review of competitive solutions, including the incumbent provider and market share leader in voice biometrics. We could not be more proud of our team for their commitment to our ongoing product development and commercialization efforts, which resulted in this successful contract award. This marks the second large-scale deployment in 2015 for ValidSoft following the recent deployment of our Device Trust solution, in partnership with FICO, at a large UK based financial institution."
The large US corporation, with over 100,000 employees across dozens of countries globally, will be employing ValidSoft's Voice Biometric technology to authenticate its thousands of US-based out of office workers and control their remote access to their work systems and data. The solution will ensure increased security while delivering an improved user experience for their employees.
ValidSoft's newly updated User Authentication Platform is one of the most comprehensive and advanced user access authorization solutions in the market today based on the integration of the Company's proprietary voice biometric technology which provides enhanced functionality and low friction as part of a multifactor authentication process. With many advanced patent-pending features such as context awareness, grey zone logic and incremental contextual enrolment, the ValidSoft solution is further differentiated from other competitive offerings because it is the only voice biometric solution available today, that has achieved certification for a European data privacy seal. The new User Authentication Platform is the first product released by ValidSoft in the United States, after completing a year-long portfolio review and re-engineering effort designed to streamline its product offerings and accelerate growth across new market sectors and geographies.
About ValidSoft UK Limited:
ValidSoft, a subsidiary of Elephant Talk Communications Corp., secures transactions using personal authentication and device assurance. We enable our customers to enhance their security while improving their user experience, utilising our multi-factor authentication platform, Voice Biometric engine and Device Trust technology, all of which may be used as 'stand-alone' or integrated into multi-vendor solutions. ValidSoft serves multiple clients across the financial services, government and enterprise sectors and is the only company to have been granted four European Privacy Seals, reflecting its commitment to strong data privacy. Visit: www.validsoft.com.
About Elephant Talk Communications Corp.:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a global provider of mobile proprietary Software Defined Network Architecture (ET Software DNA® 2.0) platforms for the telecommunications industry. The Company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, superior industry expertise and high quality customer service without the need for substantial upfront investment. Elephant Talk counts several of the world's leading MNOs and technology companies amongst its customers and partners, including Vodafone, T-Mobile, Zain, Iusacell and HP. Visit: www.elephanttalk.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to Elephant Talk's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about Elephant Talk's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of Elephant Talk may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, Elephant Talk also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested in Elephant Talk's filings with the Securities and Exchange Commission (the "SEC"), copies of which are available from the SEC or may be obtained upon request from Elephant Talk.
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SOURCE ValidSoft UK Limited