Toronto's SecureKey Technologies receives investment from Intel Capital

Posted by Rob Lewis

Toronto-based SecureKey Technologies announced yesterday an investment from Intel Capital, Intel Corporation's global investment organization.  While terms of Intel's investment were not disclosed, it was one of six investments made yesterday totally $26 Million.

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 transactions."

"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 every day."

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.

Company:
SecureKey
Website:
http://www.securekey.com
Location:
Toronto, Ontario, Canada

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.... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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