WealthFront Single Sign-On Initiative Powered by Yubico and OneLogin

PALO ALTO, Calif. and STOCKHOLM, Jan. 26, 2011 — Managing user access to dozens of cloud applications has posed significant challenges for companies around the world in terms of security and productivity. Yubico, a leading provider of easy and secure login solutions, and OneLogin, a cloud single sign-on and identity management provider, today announced that Wealthfront has implemented a joint solution to address this.

Wealthfront, the leading marketplace providing access to outstanding money managers, is using OneLogin’s single sign-on and identity management service and the innovative authentication key from Yubico. The convenient key generates a one-time-password used by Wealthfront employees to securely access the OneLogin Application Portal, protecting access to its Web applications, without compromising ease-of-use.

“With OneLogin and YubiKey, we are able to login securely to all our corporate applications as well as thousands of online services with one password and a simple click of a button,” says Pascal-Louis Perez, CTO, Wealthfront, Inc.

“Because employees only need to log in once, Wealthfront can increase the security surrounding application access without compromising the ease-of-use needed to gain user adoption. OneLogin gives enterprise customers a single sign-on solution that eliminates the need to remember several usernames, passwords and destination URLs. The solution also empowers IT to authenticate users against the organization’s Active Directory, as well as control and monitor application usage. The Yubico USB-keys add another security layer by generating one-time passwords that ensure protected access and prevent phishing attacks that can expose sensitive data to criminals.

“When users have to remember numerous passwords, they will naturally default to easy-to-remember, weak login credentials,” explains Thomas Pedersen, Founder and CEO of OneLogin, Inc. “It’s up to technology vendors like OneLogin and Yubico to create a painless and safe process that users prefer.”

About OneLogin

OneLogin is an on-demand single sign-on and identity management solution that enables midmarket enterprises to manage the growing use of web applications, both in the cloud and behind the firewall. With OneLogin, IT can easily administer users and control cloud application access with seamless directory integration, one-step provisioning, and a comprehensive audit trail. In turn, the OneLogin Portal gives employees secure, one-click access to cloud solutions. OneLogin, Inc. is backed by Charles River Ventures and Redpoint Ventures. 30-day Free Trial Available at: www.onelogin.com | Twitter: @onelogin

About Wealthfront 

Investing with outstanding money managers has never been easier. Wealthfront levels the playing field, enabling individual investors to access money manager selection methodologies used by the premier endowments. Previously, these managers invested exclusively on behalf of large institutions and the super-wealthy; now, they accept individual investors with a $10,000 minimum.

About Yubico

Yubico is the leading provider of easy-to-use two-factor authentication. The company’s flagship product, the YubiKey, uniquely combines driverless USB hardware with open source software. More than a million users in 95 countries rely on the YubiKey for online identity protection with simple and secure access to computers, networks and online services. 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.