WISeKey QuoVadis boosts sales of its SuisseID Signing Service
Zug, Geneva, Switzerland – July 3, 2018 – WISeKey International Holding Ltd (WISeKey) (SIX: WIHN; OTCQX; WIKYY), a leading Swiss cybersecurity and IoT company, today announced that sales of SuisseID Signing Services for its subsidiary QuoVadis Trustlink Schweiz AG (QuoVadis) have increased significantly since Q4 2017.
Significant growth in sales of e-signing solutions with qualified certificates
“WISeKey QuoVadis has become a leader in the digital signature market,” said Roman Brunner, Chief Revenue Officer of WISeKey. “We are pleased to note that sales of our Qualified Electronic Signature (QES) solutions, such as the SuisseID Signing Service, has increased significantly since the beginning of 2018, as compared to the same period of last year. We expect this trend to continue in the second half of 2018 and also in 2019.”
The SuisseID Signing Service by QuoVadis allows customers a legally valid qualified electronic signature as well as a secure login / authentication option. The solution is operated as a cloud service, without the need for hardware such as smart cards or USB tokens, and is extremely user-friendly.
Higher sales driven by the progressive digitization of the Swiss B2B market
WISeKey QuoVadis believes the main driver for the increased sales is the noticeable larger demand for services related to the digitization of the Swiss business-to-business market.
“We have noticed that Swiss companies are rapidly adopting e-business methods. While in the past, companies sank into a never-ending planning in attempt to digitize their business as a whole, now they agree it is more efficient to proceed in small steps, that can be implemented quickly. The upgrading of old-fashioned signature processes is often a good starting point in reducing costs and increasing efficiency. As a result, since the beginning of 2018, we have significantly expanded our client base for e-signing solutions,” continued Mr. Brunner.
Added value through the advantages of a Qualified Electronic Signature
The Qualified Electronic Signature (QES) provides companies/clients with a wide range of services and advantages to make processes more efficient, simpler and secure and increase profitability. These offerings include:
- Legally binding: According to the Swiss (ZertES) and European (eIDAS) electronic transaction rules, a QES is legally equivalent to a paper-based signature.
- Highly secure: The creation of a QES is highly secure – the Swiss legislation with the OR Art. 59a1F. reversed the burden of proof in the context of using a QES.
- Completely digitized processes save time and money: Expensive and complex signing processes via printing, paper consumption, sending, waiting for an answer, scanning and manual archiving are eliminated in favour of fast, consistent and digital processes without media breaks.
- Automation: Structured data enables process automation.
- Optimizes sales and contact channels: A local presence is no longer necessary, geographic boundaries are falling, opening hours are no longer business stops. Depending on the solution, today QES can be made independent of location, time and device. Digital target groups are adequately addressed and can conclude contracts with providers according to their individual needs (such as, when, where) legally binding and online.
WISeKey QuoVadis offers tailor-made customer solutions for Qualified Electronic Signature using the SuisseID Signing Service or with its latest eSignature family PrimoSign.
WISeKey QuoVadis applied to become an Identity Provider under the new eID law
As part of the new Swiss eID law currently being considered in the consultation process, WISeKey QuoVadis has committed to become an Identity Provider (IdP).
Reto Scagnetti, Country Manager for QuoVadis Trustlink Schweiz AG, noted, “Applying for an IdP makes perfect sense for us. Our core business has always been about digital identities. As IdP we will continue to check identities of persons in the future after the new E-ID law comes into effect and confirm them with electronic certificates of the highest quality. An E-ID can help provide easier access to a qualified electronic signature, which will remain under the ZertES (Federal Law on Electronic Signature).”
About WISeKey QuoVadis
QuoVadis is the service provider of WISeKey (SIX: WIHN) and specializes in cryptographic services (managed PKI services) with digital certificates and electronic signatures. The offer includes SSL / TLS certificates for websites, certificates for authentication, encryption and the creation of digital signatures. Specialized platforms for legal electronic signatures and digital onboarding, software solutions for mass signatures as well as industry-specific offers in the IoT environment and time stamp services complete the range of services. QuoVadis electronic signatures are already used in more than 60 million electronic transactions each year. QuoVadis offices are located in Switzerland, the Netherlands, Germany, Belgium, the United Kingdom and Bermuda.
WISeKey (SIX: WIHN; OTCQX: WIKYY) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
To receive WISeKey’s latest newsvisit the WISeKey Investors Corner.
Press and investor contacts:
| WISeKey International Holding Ltd |
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
| WISeKey Investor Relations (US) |
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.