Arcot: Leading the way
Date: Monday , November 02, 2009
Arcot has been the Si100 Company for the past three years. Their consistent growth, progressive approach and uniqueness in technology have made them a leader in the authentication market. Tapping over $3 billion market worldwide for authentication products, Arcot offers online fraud prevention, strong authentication and e-document security solutions that provide the right balance of cost, convenience and strength. “What differentiates us from others is that we provide strong authentication and digital signing solutions that are convenient for consumers, employees and business partners to use,” says Ram Varadarajan, Co-Founder, President and CEO of Arcot.
Consistent with the theme of convenience and security, Arcot has recently launched their ArcotOTP passcode generator for mobile phones. By taking advantage of mobile phones, consumers can safely shop online, authenticate to Web Portals or access online banking using their mobile phone to generate the passcode rather than having to carry a second hardware device. Arcot authentication technology is also embedded in Adobe Acrobat and Adobe Reader to enable consumer authentication, digital signing and secure e-document notification and delivery. Arcot technology is based on its one-of-its-kind patented ‘cryptographic camouflage’.
Several companies are already providing strong authentication methods in hardware through one-time-password (OTP) tokens, biometric solutions and smart cards. But, Arcot has been challenging all these hardware-based online authentication technologies with its Web fraud detection and strong, two-factor authentication products that do not require a separate hardware device. Earlier this year, Arcot added the Arcot Fraud Prevention Network (AFPNet) to its lineup, which stops fraud faster by allowing members of the Arcot A-OK fraud detection and authentication service to share fraud data among themselves automatically.
“We were a pioneer in the authentication segment where we co-invented one of the earliest and most successful federated identity systems – 3-D Secure for ePayment authentication. Today, Arcot has established its uniqueness and leadership in the market place with multifactor authentication offerings for web-based applications of all kinds,” says proud Varadarajan. Arcot has an impressive list of investors in the company which include Adobe Ventures, Accel Partners,Goldman Sachs, Invesco Private Capital, ONSET Ventures, Skandinaviska Enskilda Banken (SEB), Vedanta Capital, Visa International, and Wachovia Strategic Ventures.
Founded in 1997, the Sunnyvale, California headquartered Arcot is privately held and employs more than 130 people worldwide. It also has a technology center in Bangalore, India.