Press Release

SAN FRANCISCO and PALO ALTO, Calif., Feb. 21, 2012 – ARX, Inc., a global provider of cost-efficient digital signature solutions, and Yubico, the leading provider of simple, open online identity protection, extended ARX CoSign® to support YubiKey authentication tokens, making it easy to protect digital signature functionality with secure and easy to use two-factor authentication.

Adding digital signature function to Yubico’s authentication device enhances cloud security. By pairing ARX’s CoSign® digital signature solution and Yubico’s YubiKey® authentication solution, businesses of all sizes gain the proper controls over user authentication and digital signatures in cloud computing environments, enhancing the security of online transactions, and business-critical data and applications in the cloud.

“Companies that conduct business in the cloud can examine verified, standard digital signatures with more certainty because CoSign-signed documents carry proper evidence and integrity represented by compliant NIST FIPS PUB 186 signatures,” said Stina Ehrensvard, CEO, Yubico. “This also makes it easier for organizations to accelerate the speed of business while minimizing transaction-related misunderstandings, creating new opportunities for companies to conduct business online with both identity and data integrity.”

Manufactured in Sweden, the YubiKey is a hardware authentication token that looks like a small USB memory stick. The USB token simplifies the process of user authentication with a one-time password (OTP) and can be used by cloud services, organizations, and end users that require secure access to IT applications, including CoSign digital signature credentials.

Pairing the solutions creates a seamless, automated process for applying a standard digital signature. CoSign is a network-attached secure digital signature solution that allows the organization to choose its authentication scheme according to its own governance policy.  CoSign will not allow a user to apply his or her signature until the user is properly authenticated in compliance with the organization’s security policy and authentication scheme.

Identities re-authenticated prior to signing when combined with standard digital signatures are an extremely valuable set of tools for managing B2C businesses or cloud based business processes that must have trusted exchanges with customers online.

“There are many instances where businesses and government agencies may need to reach out to customers or citizens online,” said John Marchioni, general manager and vice president of business development, ARX.  “Yubico provides an advanced, reliable and trusted source for two-factor authentication so that organizations can have greater confidence in business processes executed in the cloud.”

CoSign’s digital signature technology is used to streamline and scale business processes in many vertical industries. ARX CoSign solutions are used by business and government customers to transition to a complete paperless workflow using legally enforceable digital signatures.

Businesses can start using these productive tools by contacting ARX at arx.com/contact. For more information, please visit yubico.com.

About ARX CoSign®

ARX CoSign is the market leader for standard digital signature solutions. CoSign digital signatures fully automate signature-dependent processes in a compliant manner, with the proper controls and integrity, allowing organizations to go paperless, and save time and money. CoSign signatures are globally verifiable when applied to MS Word, Excel, PDF, PDF/A, IBM Forms, HTML/XML forms, and many other document types, without needing proprietary-validation software. CoSign is also centrally managed from within the network by your organization or service provider for reliable control over signature privileges. For more information, please visit arx.com.

About Yubico

Yubico is the leading provider of simple, open online identity protection. The company’s flagship product, the YubiKey®, uniquely combines driverless USB hardware with open source software. More than a million users in 100 countries rely on the YubiKey two-factor authentication, enabling instant and secure access to computers, networks and cloud applications. Customers range from individual Internet users to e-governments and Fortune 500 companies. Founded in 2007, Yubico is privately held with offices in California, Sweden and UK. For more information, please visit yubico.com.