TORONTO, Feb. 14 /CNW/ - Toronto based SecureKey Technologies Inc. <http://www.securekey.com/> today announced an investment from Intel Capital <http://www.intel.com/capital/> , Intel Corporation's global investment organization, Terms of the
investment were not disclosed.
SecureKey designs hardware and software solutions to enable the strong
cryptographic capabilities of debit, credit and identity smartcards
including those within NFC based phones to be used for online
authentication and online purchases. "Contactless cards and the NFC
movement is growing rapidly around the world." said George Thangadurai,
General Manager of Intel's PC Client Services Group. "SecureKey's
solutions provide a powerful user experience that can be delivered
across platforms improving both the security and convenience of online
"We are thrilled with our association with Intel." said Greg Wolfond,
CEO of SecureKey Technologies. "Intel is the world leader in providing
the chips and technologies that power the computing devices we use
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity
investments in innovative technology start-ups and companies worldwide.
Intel Capital invests in a broad range of companies offering hardware,
software, and services targeting enterprise, home, mobility, health,
consumer Internet, semiconductor manufacturing and cleantech. Since
1991, Intel Capital has invested more than US$9.8 billion in over 1,100
companies in 48 countries. In that timeframe, 189 portfolio companies
have gone public on various exchanges around the world and 258 were
acquired or participated in a merger. In 2010, Intel Capital invested
US$327 million in 119 investments with approximately 44 percent of
funds invested outside the U.S. and Canada. For more information on
Intel Capital and its differentiated advantages, visit
www.intelcapital.com <http://www.intelcapital.com/> .
About SecureKey Technologies.
SecureKey develops innovative hardware and software solutions that
extend the power of chip-based identity and payment credentials to
online and mobile transactions. With SecureKey, financial
institutions, card issuers, merchants, health care providers and
government organizations can now offer their online customers the
convenience and security of touch-to-pay instant checkout and strong
mutual authentication. SecureKey's solutions leverage the service
provider's investments in smartcard and mobile NFC technologies, as
well as existing consumer behaviour learned from in-store transactions.
SecureKey is a privately held company with offices in Toronto,
Ontario. For more information on SecureKey Technologies, please visit www.securekey.com.
SOURCE Secure Key Technologies Inc.
For further information:
(416) 214-3624 work