FOR IMMEDIATE RELEASE
STOCKHOLM, SWEDEN - September 24, 2018
Versasec Joins Swedish Association of Small and Medium Size Enterprises in Defense and Security
SME-D is an association for companies based in Sweden with less than 250 employees engaged in defense and security. With deep as well as broad competence and experience in defense, security and engineering matters, SME-D companies all have leading positions in their markets. The association, founded in 2003, has more than 30 members with a total of several hundred employees engaged in the high-tech defense and security sector. SME-D is an accepted dialogue partner for government agencies.
"Our government and defense business continues to grow as governments around the world are mandating two-factor authentication use for accessing mission-critical data," said Joakim Thoren, CEO of Versasec. "The SME-D is focused on helping us further develop our strong connections in the defense and security organizations of the Swedish government, and we're excited to work within the SME-D organization to further promote our award-winning identity and access management solutions."
Over the past year, Versasec's defense and security business has grown more than 50 percent and is a testament to its vSEC:CMS solution, which makes it easy for government organizations and their contractors to comply with stringent two-factor authentication regulations.
"The board of SME-D has unanimously decided to welcome Versasec as a member of SME-D," Magnus Sjöland, the chairman of the board at SME-D. "Versasec meets all of the requirements for joining our industry association, and is a serious player in the Defense and Security field."
SME-D member companies work both as prime and support contractors to government agencies and as partners, co-contractors and sub-contractors to other companies in the domestic and international defense and security areas, as illustrated in the figure.
Versasec is the leading provider of state-of-the-art highly secure passwordless identity and access management solutions. With its flagship product, vSEC:CMS, Versasec eases the deployment of physical and virtual smart cards for enterprises of any size. Versasec's solutions enable its customers to securely authenticate, issue and manage user credentials more cost effectively than other solutions on the market.
Versasec maintains its mission of providing solutions that are affordable and easy to integrate, coupled with first-class support, maintenance, and training. Versasec customers include HSBC, IMF, eBay, Northrup Grumman, EDAG, Hornbach, Raiffeisen Bank, SPGroup, Sunrise Regional Health, Banque Du Liban, Swiss Mobiliar, Cleveland Clinic, SERCO, KNPC and Sandia National Labs. Versasec has offices in Sweden, Dubai, Kuala Lumpur, Egypt, the United States, the United Kingdom, France, and Germany.