Telstra taps into mobile security from TeleSign

US authentication company to use telco’s reach for Asia-Pacific growth ahead of IPO

Telstra has made a non-controlling equity investment in TeleSign, which will see it offer its customers the mobile security firm’s identity and protection solutions.

The telecommunications provider refused to comment on the value or stake percentage of the deal.

TeleSign, established in 2005, is a Californian developer of two-factor, phone-based verification tools for online accounts.

Its solution requires users to enter username and password credentials, and combine these with a one-time verification code sent via SMS, voice, or mobile application to access an account.

“The TeleSign solution brings additional security to data and identity, enabling a safe and confident service experience,” Telstra Ventures managing director, Mark Sherman, said.

According to a statement from Telstra, the telco is currently exploring means of delivering the technology to its customers.

TeleSign’s interest in Telstra is part of its Asia-Pacific growth strategy in which it intends to leverage the telco’s market share and customer relationships for growth.

The firm recently completed a Series B financing round where it raised $US40 million.

TeleSign chief executive officer (CEO), Steve Jillings, claims the company has doubled revenue in its last four financials years, and expects to maintain this growth rate as it looks at making its initial public offering (IPO).

Jillings said, “The investment will allow us to work closely with Telstra, combining our expertise and their regional experience to better serve customer needs.”

TeleSign currently operates in more than 200 countries, servicing 3.5 billion accounts.

Read More:

Sponsored Content: Collaboration has become the new movement in IT. Servers will become an integral part of this industry transition. Click here to learn more.

Join the ARN newsletter!

Error: Please check your email address.

Tags protectionidtelecomsIdentityTelesignauthenticationTelcomobileTelecommunicationsTelstrasecuritymobility

More about Telstra CorporationTelstra Corporation

ARN Directory | Distributors relevant to this article

 

Latest News

10:44PM
Link between NSA and Regin cyberespionage malware becomes clearer
09:41PM
How not to waste your money on the second wave of 802.11ac wireless gear
07:26PM
China signals censors will continue to crack down on VPN services
04:18PM
Dimension Data unveils "workspaces for tomorrow" strategy
More News
05 May
CeBIT Australia 2015
27 May
World Business Forum Sydney
View all events