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PhoneFactor Named “Cool Vendor” by Leading Analyst Firm

PhoneFactor included in both the Cool Vendors in Identity and Access Management, 2009 and Cool Vendors in Healthcare Providers, 2009 reports

April 7, 2009 – PhoneFactor, a leading provider of security products and services, today announced it is listed in the March 2009 Cool Vendors in Identity and Access Management, 2009 and Cool Vendors in Healthcare Providers, 2009 reports by Gartner, Inc.

“To be recognized by Gartner is a great honor,” said Tim Sutton, CEO of PhoneFactor. “We believe it’s a reflection of the fact that in today’s hacker-laden environment enterprises know that they must move to strong authentication, and that for most of them PhoneFactor is more convenient, user friendly and cost effective than traditional tokens.”

Adoption of PhoneFactor’s phone-based two-factor solution continues to grow rapidly as financial institutions, hospitals, retailers, and government agencies see the need for simple ways to secure access for their customers, partners, and employees. With PhoneFactor, users simply login with a user name and password – just like they do today. Instantly their phone rings. The user must answer the phone and press # (or a PIN) to successfully login. PhoneFactor does not require users to key a One Time Password into the login interface – making the user experience seamless and providing a completely out-of-band authentication channel for added protection against sophisticated attacks like man-in-the-middle.

About Gartner Group Cool Vendor Report
Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

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