IdenTrust - Company - Company Profile

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AT A GLANCE

COMPANY PROFILE

Company > Company Profile

IdenTrust™ Inc. was founded by financial institutions such as Citigroup, ABN AMRO, Bankers Trust (since acquired by Deutsche Bank), to name a few. Upon receiving regulatory approval, IdenTrust announced its formation as a Delaware limited liability company in April 1999. IdenTrust continues to add new financial institutions to the IdenTrust network.

In March 2002, IdenTrust acquired Digital Signature Trust Company (DST) from Zions Bancorporation (Nasdaq: ZION) and the American Bankers Association. The acquisition combined the global reach of IdenTrust with the proven implementation strength of DST to provide financial institutions and their customers with the means to accomplish business objectives using digital certificates and certificate-enabled applications.

IdenTrust|DST

IdenTrust|DST (formerly Digital Signature Trust Company) is one of the premier providers of digital identity authentication services to the United States federal government, numerous U.S. state governments, the U.S. Department of Defense as well as Energy and supply chain markets.

The U.S. General Services Administration (GSA) awarded IdenTrust the designation of "Access Certificates for Electronic Services" (ACES) Certification Authority to issue digital certificates to businesses and consumers to conduct business with the U.S. government electronically. IdenTrust also gained accreditation by the U.S. Department of Defense (DoD) to issue digital certificates to DoD external contractors under the DoD's External Certification Authority (ECA) program. IdenTrust has contracts with U.S. state governments such as Washington State.

IdenTrust has been awarded Ernst and Young's WebTrust™ Seal of assurance for Certification Authorities.

About eFinance

In 2003, IdenTrust acquired eFinance Corporation. eFinance's innovative solutions enable companies to quickly and accurately gauge the financial soundness of their customers at each step of the financial supply chain -- from customer pre-qualification through credit extension, accounts receivable and payments.

eFinance's solutions strengthen the credit evaluation process and enable customers to manage transaction workflow better. Customers leverage eFinance technology to increase revenue and profitability while expanding their end customer base and improving customer retention and satisfaction.

Companies such as ADP and NEC currently use eFinance solutions to evaluate their customers and streamline the credit decisioning process.

Mission

IdenTrust helps organizations surmount the final obstacle preventing business-to-business Internet commerce from thriving: authentication of identity. Through a relationship with participating financial institutions, companies will be able to use the Internet to conclusively identify trading partners and conduct trusted business-to-business Transactions with any other participant in the IdenTrust system.

Business Benefits

IdenTrust enables businesses to actively manage their e-commerce risks through trusted relationships with their financial institutions. Specifically, IdenTrust supplies the legal mechanisms and technology to let Internet trading partners trust in another's identity. Companies will be able to use the Internet to open new markets, reduce transaction costs and create auditable records of their transactions.