Arcot Systems, Inc., a leading provider of multi-factor authentication, credential management, and digital signature solutions, today announced the company has won Frost & Sullivan´s Digital Authentication & Security Product Innovation of the Year Award. Frost & Sullivan, a global growth consulting company, recognized Arcot for its development of the ArcotID(R), a unique software-only solution for electronic strong authentication and digital signing.
The ArcotID, which is based on the company´s patented Cryptographic Camouflage(TM) technology and employs the industry standard X.509 digital certificates as the underlying technology for authentication, was selected for its unmatched ability to deliver the strength of hardware digital authentication and signing solutions in a software form factor. Amongst other applications, the ArcotID facilitates and reduces the time and cost for the implementation of physical smart card systems in the enterprise while still providing strong authentication security levels. Combined with the product´s flexibility and its cost-effectiveness in comparison with hardware multi-factor authentication alternatives, these attributes distinguished the ArcotID as the best choice for Frost & Sullivan´s 2006 Innovation Award.
“Arcot is proud to receive this recognition from Frost & Sullivan, a globally recognized and well-respected research and consulting firm,” said Ram Varadarajan, President, CEO and Co-founder of Arcot Systems. “This award acknowledges the tremendous work that our team has put into the development of the ArcotID over the past nine years. And as a leader in the authentication and digital signature market, we will continue our commitment to developing innovative solutions that meet the business needs of our enterprise customers.”
“Arcot Systems is a leading product innovator in the field of digital authentication and security, as exemplified by the company´s creation and practical deployment of the ArcotID software-based smart card,” said Amit Jain, research analyst with Frost & Sullivan´s Technical Insights group. “Arcot facilitates the implementation and management of strong multi-factor authentication by substantially reducing the overall complexity and cost of deployment.”