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.

Read more: BYOD challenge lies in diversity of devices: BAE

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:

2014 ARN Women in ICT Awards - Nominations close October 27!: Nominations have opened for WIICTA 2014 and will stay open until October 27. But don't be late, be among the first in and NOMINATE NOW!!!

Tags protectiontelecomsidTelcoauthenticationTelesignIdentitymobileTelstraTelecommunicationsmobilitysecurity

More about Telstra CorporationTelstra Corporation

ARN Directory | Distributors relevant to this article

Comments

Comments are now closed

 

Latest News

Oct 24
20th Century Fox deploys HP Moonshot servers
Oct 24
Adobe begins encrypting user data collected from Digital Editions app
Oct 24
St George turns on fingerprint login for Apple iOS Internet banking
Oct 24
DDoS attacks skyrocket: Akamai State of Internet Report
More News
29 Oct
NewLease & Microsoft Technical Sessions
30 Oct
Ovum 2020 Telecoms Summit
30 Oct
NewLease & Microsoft Technical Sessions
05 Nov
vForum 2014
View all events