SMS PASSCODE® Named a Winner for Inaugural 2010 Bully Award

SMS PASSCODE^®honoured as a leading European TMT company

BARCELONA, Spain and SMS PASSCODE, Copenhagen – 23 September 2010 – SMS PASSCODE, the technology leader in two-factor authentication, was named as a Young Bulls winner today for the inaugural 2010 Bully Award honoring the leading European technology, media and telecommunications (TMT) companies as presented by White Bull Summits.

A total of 60 European companies were named as finalists for the 2010 Bully Award, and 30 were honored as winners. The deserving winners were selected from a pool of entries that included hundreds of nominated European TMT companies.

The winners fall into three categories:

•    Yearlings: firms that seek or have received angel/seed rounds or equivalent; classic start-ups
•    Young Bulls: firms that seek or have received Series A financing; early stage companies
•    Longhorns: post Series A firms; growth stage companies

"The Bully Award winners were selected for innovation and values of excellence in the TMT sector,” stated Farley Duvall, Founder and Chairman of White Bull Summits. “Each of the Bully Award winners have been recognized as a leader in their field, with a bright business proposition and meaningful market strategies, driven by a rich understanding of customer needs and technological solutions.”

“We’re thrilled and honored to be named a Bully Award winner, and to be recognized as one of the leading TMT companies in Europe,” stated David Hald, CEO, SMS PASSCODE A/S. “It’s a validation of our leading technology and strong execution in the market place to be named a winner for this prestigious award, and we accept and share it with the entire SMS PASSCODE extended team”.

In brief, SMS PASSCODE offers a new generation of real-time two-factor authentication that leverages the mobile phone SMS to deliver a more secure login process protecting against identity theft in a new much easier to deploy packaging. It plugs easily into the leading employee login systems such as VPNs, web, Microsoft, Citrix and other systems.

“We searched for the ‘wily beast’ we believe lives inside all successful businesses,” adds Duvall. “We very carefully reviewed seed, angel, early-stage and growth-stage companies, and selected 30 winners that we believe have demonstrated clear potential for further growth, including a high probability for exit in the next few years.”

For a complete list of the 2010 White Bull Bully Award winners, please visit www.whitebull.com/latest.

About SMS PASSCODE®
SMS PASSCODE® is the technology leader in two-factor authentication to protect identity theft. SMS PASSCODE offers a stronger authentication via the mobile phone SMS service compared to traditional alternatives that is easier to implement and administer and 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. Prior to being named to the Bully Award, SMS PASSCODE has been awarded to the prestigious Red Herring Global 100, a Secure Computing Magazine Top 5 Security Innovator, InfoSecurity Guide Best two-factor authentication and most recently a Citrix Solution of the Year Finalist. For more information visit: http://www.smspasscode.com

About White Bull
White Bull’s aim is not simply to produce events. White Bull is here to help companies succeed. Built upon the extensive knowledge and network of its founders and advisers, and in the spirit of the “wily beast” that lives inside all successful businesses, White Bull offers a community that brings together the best and the brightest – Europe’s top technology and media leaders, entrepreneurs, innovators, investors, and visionaries. White Bull will respond to the needs and wants of the Technology, Media and Telecommunications (TMT) sector, while providing a forum for ongoing discussion. For more information, please visit White Bull at http://whitebull.com, on Facebook or follow White Bull on Twitter @whitebullsummit.

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Media Contacts:
Jennifer Hicks
Ink Communications for White Bull
Jennifer@theinkstudio.com
Tel. +33 (0) 68 447 8042
Skype: jenniferhicks
Twitter: @jennalee

Mindy M. Hull
Mercury Global Partners for White Bull
mindy@mercuryglobalpartners.com
Tel. +31 (0) 62 504 7680
Tel. +1 415 889 9977
Skype: mmhull619
Twitter: @mmhull

For more information, please contact Lars Barthold Nielsen, SMS PASSCODE, at lbn@smspasscode.com or mobile phone +45 21 26 81 98.