Versasec ‘triples’ government security business

07/10/15

Smartcard management systems firm Versasec has announced that its government clientele and seat licenses tripled over the past year.

Versasec says the majority of its government customer growth comes from North America, where more agencies are requiring ID access and management software as they deploy smartcards for physical and network security to better secure the network and physical locations from negligent insider and contractor mistakes.

 Versasec's strong government presence in Europe and the Middle East also attributed to the company's impressive year-to-date growth.

"Versasec serves an underserved but rapidly expanding market as smartcards continue to gain popularity as a two-factor ID form for both physical and network security. IT directors and HR executives must manage the entire lifecycle of the card from enrollment to employee termination," said Joakim Thoren, CEO of Versasec. "Our identity and access management system ensures that security protocols are monitored and followed."

Government agencies are trend-setters in deploying the latest security measures and the growth in smart card purchases validates the need for two-factor ID. Smartcards and other physical security devices like key fobs and USB sticks have gained popularity over the past decade at U.S. government agencies, since President Bush mandated two-factor form ID in his second term.

"Since 2002, the US Government mandated (insisted) that agencies use two-factor authentication (identification) for a better security (safety) practices," said Jeff Ciraulo, President of Envoy Data Corporation, a value-added distributor (reseller) in the municipalities and government spaces.

"Two-factor ID comes in many forms, but smartcards are widely accepted and deployed at many government agencies as well as financial institutions. Versasec solutions offer full smartcard lifecycle management and are easy to deploy and support."

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