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Palo Alto, CA, United States, 2007/11/05 - Based on its recent analysis of the network authentication technologies market, Frost & Sullivan recognizes Valimo Wireless Ltd., Finland, with the 2007 Frost & Sullivan European Excellence in Technology Of The Year Award.
This Award is in recognition of Valimo’s introduction of an advanced end-to-end electronic authentication and digital signature solution, which can be used in mobile phones to extend and control the identity of mobile phone users.
"Today, mobile phones are also being used for online purchasing, banking, and Internet surfing situations where authentication has to be considered seriously because each mobile phone with a subscriber identity module (SIM) card serves as an identity of the user," says Frost & Sullivan Research Analyst Yin Fern Ko. "Valimo is a pioneer in the race to develop more sophisticated and innovative solutions to cater to the increasing needs of this market."
Valimo is working with the financial community to enhance mobile authentication with digital signatures. A noteworthy accomplishment is the first end-to-end mobile signature solution that allows user authentication for access to corporate resources, Internet banking, and other online services through mobile phones.
This solution includes Valimo Validator – Mobile Signature Service Platform (MSSP) to facilitate mobile identity services; Valimo Messaging Server for secure end-to-end communications; Valimo Registration Server to manage end-user credentials; and Valimo MSS software development kit (SDK) to allow European Telecommunications Standards Institute (ETSI)-specified MSS interfaces to send signing requests to mobile phone subscribers.
More recently, Valimo introduced the Valimo Mobile Authentication Client (VMAC) for SIM/USIM cards. VMAC is essentially a signing application, which is stored in the SIM card to enable a simple and direct public key infrastructure (PKI) functions.
"With VMAC, mobile phone users just require to key in a personal identification number (PIN) for authentication," notes Ko. "Such an innovation enables convenient user authentication and direct approval and digital signing of content."
Valimo’s mobile signature solution is currently available for more than 60 million potential subscribers across the globe and thus far, client feedback has been very encouraging.
In terms of intellectual property, Valimo has already filed two mobile signature- and authentication-related patents in Finland. Both inventions address the problem of creating user credentials during SIM card manufacturing. Unlike traditional SIM cards, where the user credentials can only be created in the production line, Valimo’s innovation allows secure user credentials to be generated in the SIM card over-the-air when it is in possession of the end user.
Valiamo has built strong partnerships with leading companies and has also partnered with university researchers on mobile identity research projects.
In summary, Frost & Sullivan is pleased to present Valimo with the Award for Excellence in Technology in the field of network authentication solutions for its noteworthy enhancements in electronic authentication and digital signatures that facilitate online services.
Each year Frost & Sullivan presents this Award to the company that has carried out new research, which has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. The Award recognizes the quality and depth of a company’s research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavor.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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About Valimo Wireless
Helsinki-based Valimo Wireless (valimo.com) is the leading provider of mobile signature solutions for mobile operator, bank and corporate customers.
Valimo's solutions are used by more than 40 European and Middle Eastern customers to date, assuring protection against various security attacks like phishing, cost savings thanks to digitalization of various currently paper-based processes and introduction of new business cases enabled by the convenient mobile signing capability.
Valimo is growing strongly with offices in Finland, France, Germany, Sweden and Turkey.
"Valimo" is a registered trademark of Valimo Wireless Ltd in Finland and other countries. Copyright © 2007 Valimo Wireless Ltd. All rights reserved.