SMS PASSCODE® wins Red Herring Global 100

February 9, 2011 - Santa Monica, California and Copenhagen, Denmark  - SMS PASSCODE^®, the technology leader in modern mobile two-factor authentication, today announced that it has won the Red Herring Global 100 award that recognizes the leading private companies from North America, Europe, and Asia and celebrate these startups’ innovations and technologies across their respective industries.

Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and man y others would change the way we live and work.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists.  Trying to get it down to 100 companies was a task upon itself.  SMS PASSCODE should be extremely proud of its achievement, the competition was difficult.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

SMS PASSCODE has quickly established itself as the de-facto standard in a new generation of mobile real-time two-factor authentication solutions. Essentially, a user first enters user name and password and it is not until that has been validated, that SMS PASSCODE generates and sends a real-time code that is only valid for that particular login attempt or session. Once the code is entered and validated, the user is granted access. This is a more secure login process at lower costs than seen in the first generation hardware token based solutions.

The company has experienced exponential growth over the past few years and been widely recognized as a technology leader in a new generation of modern two-factor authentication leveraging mobile technologies such as SMS. “We are very excited to have been awarded the Red Herring Global 100 Award based on both our technology and our commercial performance” says Lars Barthold Nielsen, VP Commercial Operations, SMS PASSCODE A/S.  “It is rewarding to the team that we now are among a select few that have excelled through the past years of turmoil and managed to outpace both the industry and our competition.”

SMS PASSCODE is now represented in more than 40 countries and have customers in the Global Top 10 list in several industries including manufacturing, telecommunications, services and non-profit organizations. To learn more visit www.smspasscode.com or try it live on your own mobile phone at the demo lab found here: demo.smspasscode.com

About SMS PASSCODE^®
SMS PASSCODE® is the leading technology in two-factor authentication using your mobile phone. To protect against the rise in internet based identity theft hitting both consumers and corporate employees, SMS PASSCODE offers a stronger authentication via the mobile phone SMS service compared to traditional alternatives. SMS PASSCODE® installs in minutes and is much easier to implement and administer with the added benefit that users find it an intuitively smart way to gain better protection. The solution offers out-of-the-box protection of the standard login systems such as Citrix, Cisco, Microsoft, Juniper and other IPsec and SSL VPN systems as well as websites. Installed at thousands of sites, this is a proven patent pending technology. In the last year, SMS PASSCODE has been awarded to the prestigious Red Herring 100 most interesting tech companies list, a Secure Computing Magazine Top 5 Security Innovator, InfoSecurity Guide Best two-factor authentication, a Citrix Solution of the Year Finalist, White Bull top 30 EMEA companies and most recently a Gazelle 2010 Fast Growth firm. For more information visit: http://www.smspasscode.com or our blog at blog.smspasscode.com.

For more information, contact : Lars Barthold Nielsen, SMS PASSCODE, Phone +45 21 26 81 98,
e-mail: lbn@smspasscode.com