IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Avast to acquire identity services provider SecureKey

The acquisition will add to Avast’s privacy-focused identity product and services portfolio

Avast has announced it intends to acquire digital identity and authentication provider SecureKey Technologies for an undisclosed sum.

SecureKey's privacy-enhancing products are designed to streamline access to online services while also ensuring users’ data is only ever shared with prior explicit consent.

A case in point is Verified.Me, SecureKey’s distributed digital identity verification network that employs banking-grade security measures to prevent identity theft and fraud. User banking information is not accessible through Verified.Me, nor are credentials used for online banking.

Additionally, Government Sign-In by Verified.Me, tailored for government applications, allows for simplified access to e-government services and applications. So-called 'Triple Blind' capabilities are built into the tool, ensuring nobody, including financial institutions, government agencies, or network operators, can discern the origin of registrations.

Both Verified.Me and Government Sign-In by Verified.Me are provided by interbank network expert Interac under an exclusive Canadian licensing agreement.

A close up photo of Ondrej Vlcek, chief executive officer of Avast, speaking on stage

Avast CEO Ondrej Vlcek

"We envisage a global and reusable digital identity framework which will underpin a new trust layer for the internet. It's clear that digital identity is the critical enabler for many digital services and SecureKey's success reflects the growing demand for this from consumers, " said Ondrej Vlcek, Avast CEO.

“SecureKey is highly complementary to Avast's prior work in Identity and together we will take our offer to the next level, accelerating innovation and working to establish a user-focused, global approach that aligns user, business, and government propositions. We are committed to developing offerings that will be fully inclusive for everyone, regardless of their own circumstances."

The Avast-SecureKey deal is anticipated to close by April and the general availability of SecureKey-based products is scheduled for Q2 2022.

Related Resource

Decoding Customer IAM (CIAM) vs. IAM

What’s the difference between CIAM and IAM?

Whitepaper cover with image looking down at a lady sat on a couch with a laptop and bagFree Download

"The maturity of the SecureKey hybrid federation, bank ID, and decentralized technology suite, and history of strong operational delivery in Canada for discerning financial services and government customers & partners, positions Avast for geographic expansion," said Charles Walton, general manager and SVP of identity at Avast.

"As the European community is investing in public-private sector digital identity infrastructure in 2022 and beyond, we see Avast well positioned as a collaborative provider of digital trust services for people, digital businesses and government."

"Success for us is where digital identity becomes simple, user-centric and portable, and can enable a more trustworthy digital experience and deeper online engagement benefiting both people and business," added Walton.

Featured Resources

Meeting the future of education with confidence

How the switch to digital learning has created an opportunity to meet the needs of every student, always

Free Download

The Total Economic Impact™ of IBM Cloud Pak® for Watson AIOps with Instana

Cost savings and business benefits

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

Technology reimagined

Why PCaaS is perfect for modern schools

Free Download

Recommended

Senate report slams agencies for poor cyber security
cyber security

Senate report slams agencies for poor cyber security

3 Aug 2021
Most employees put their workplace at risk by taking cyber security shortcuts
cyber security

Most employees put their workplace at risk by taking cyber security shortcuts

27 Jul 2021
61% of organizations say improving security a top priority for 2021
cyber security

61% of organizations say improving security a top priority for 2021

29 Jun 2021

Most Popular

How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

7 Jun 2022
The top programming languages you need to learn for 2022
Careers & training

The top programming languages you need to learn for 2022

23 Jun 2022
Swift exit: How the world cut off Russian banks
finance

Swift exit: How the world cut off Russian banks

24 Jun 2022