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.

About Versasec

Versasec makes enterprises more secure with cybersecurity solutions empowered by hardware-based cryptography. By focusing on user credentials that enable strong multi-factor authentication, digital signatures and encryption, Versasec provides customers greater security in an increasingly connected world with growing numbers of remote workers and online business. Versasec’s flagship product, vSEC:CMS, helps companies of all sizes easily deploy and manage virtual and physical smarts cards, tokens, RFID and other PKI credentials throughout their lifecycle. Software developed by Versasec is available for on-prem and private clouds or as managed services (SaaS).

Versasec has offices in Sweden, USA, Germany, France, UAE, United Kingdom, Malaysia and Egypt. It is headquartered in Stockholm. Its customers enjoy first-class support, maintenance, and training. In addition to a variety of government agencies around the globe, Versasec’s customers include HSBC, IMF, eBay, Northrop Grumman, EDAG, Hornbach, Raiffeisen Bank, SPGroup, Sunrise Regional Health, Banque Du Liban, Swiss Mobiliar, Cleveland Clinic, SERCO, KNPC and Sandia National Labs.

Versasec's products and services are available worldwide through an extensive reseller network and via the Versasec web site:

Follow Versasec on LinkedIn (@versasec), Twitter (@versasec), and Facebook (@versasec).