ValidSoft Signs Large-Scale North American Contract for Voice Biometrics Technology


'London, UK, April 1, 2015 – ValidSoft UK Limited (“ValidSoft”) (www.validsoft.com), a global supplier of transaction authentication solutions utilized by financial services, governments and enterprise sectors, and a wholly-owned subsidiary of Elephant Talk Communications Corp. (NYSE MKT: ETAK), today announced the signing of a large new commercial customer contract for its newly enhanced User Authentication platform featuring its Voice Biometric technology with a large US-based corporation.

Paul Burmester, CEO of ValidSoft stated: “This contract is a major milestone for ValidSoft and an important validation of our voice biometric technology and User Authentication Platform, not only because of the scale of this deployment, but because our technology was chosen after an intense review of competitive solutions, including the incumbent provider and market share leader in voice biometrics. We could not be more proud of our team for their commitment to our ongoing product development and commercialization efforts, which resulted in this successful contract award. This marks the second large-scale deployment in 2015 for ValidSoft following the recent deployment of our Device Trust solution, in partnership with FICO, at a large UK based financial institution.”

The large US corporation, with over 100,000 employees across dozens of countries globally, will be employing ValidSoft’s Voice Biometric technology to authenticate its thousands of US-based out of office workers and control their remote access to their work systems and data. The solution will ensure increased security while delivering an improved user experience for their employees.

ValidSoft’s newly updated User Authentication Platform is one of the most comprehensive and advanced user access authorization solutions in the market today based on the integration of the Company’s proprietary voice biometric technology which provides enhanced functionality and low friction as part of a multifactor authentication process. With many advanced patent-pending features such as context awareness, grey zone logic and incremental contextual enrolment, the ValidSoft solution is further differentiated from other competitive offerings because it is the only voice biometric solution available today, that has achieved certification for a European data privacy seal. The new User Authentication Platform is the first product released by ValidSoft in the United States, after completing a year-long portfolio review and re-engineering effort designed to streamline its product offerings and accelerate growth across new market sectors and geographies...'

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