EMC Acquires Verid

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EMC’s acquisition of Verid is to broaden, strengthen and simplify rsa identity protection portfolio.

EMC Corporation, the world leader in information infrastructure solutions, announced that it has acquired Verid, Inc., a privately held information security technology leader based in Florida that delivers knowledge-based authentication solutions to millions of users worldwide, through some of the largest consumer-facing financial institutions, telecom providers and retailers. The acquisition is complete and further details of the transaction are not being disclosed.

The addition of Verid marks a significant enhancement in EMC's commitment – through its RSA division – to providing protection, visibility and business acceleration at every point of the user verification process. RSA is now strongly positioned to offer continuous security: starting with the initial user identity verification and maintaining perpetual vigilance throughout the lifecycle of the relationship, across the various channels of user interaction.

"RSA currently has more than 100 million

online financial services user accounts under contract across the globe – making it a clear leader in authentication and consumer protection solutions," said Vice President, Consumer and Access Solutions at RSA, Christopher Young. "The acquisition of Verid both builds upon our existing set of authentication methods and – significantly – extends our capabilities into the preliminary vetting and verification stages of new user relationships in a variety of markets."

The comprehensive RSA Adaptive Authentication suite will now cover the identity verification process from end-to-end, through a new two-tier approach.

Verid's technology and expertise adds advantages to RSA and EMC customers in both of these tiers. Initial authentication will be established using knowledge-based techniques, in conjunction with RSA's recognized risk engine and the RSA eFraudNetworksm community.

In addition, customers will enjoy an expanded set of ongoing authentication options –