Avast Software is set to acquire SecureKey Technologies, the digital identity and authentication specialists. The purchase will allow Avast to supplement its core interests in digital security and privacy. The deal value is not disclosed
SecureKey Technologies is based in Ontaria, Canada and was founded in 2008. Its products assist in providing secure access to online services for consumers who need to interact with their banks, telecommunications firms and government agencies amongst others
SecureKey has so far built up a portfolio of simplified secure online services and applications including Verified.Me, a first-of-its-kind, distributed digital identity verification network.
It also has Government Sign-In by Verified.Me, which delivers convenient login options to hundreds of government online services and applications.
The company’s digital identity solutions currently allow businesses and government departments to process over 200 million secure digital ID transactions per year globally.
Combining forces with Avast enables us to innovate further and faster with our technology as we together look to build a more trustworthy future for all internet users.Secure Key CEO
The market for authentication and reusable digital identity services is growing. Digital identity specialists Liminal have predicted that the sector is expected to be worth $266bn by 2027, making Avast’s move a key strategic one, helped by the convenience provided by the inherent simplicity of SecureKey’s systems.
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.Avast Statement