Gemalto announced recently that Swedbank will deploy the Protiva corporate solution  across its organization, as well as 60 savings banks in Sweden.

It is aimed at creating a single global identity management system to provide better access protection for networks and cloud resources.

Swedbank is the leading bank in Sweden and Baltic countries, with 10 million private customers and nearly 700,000 corporate clients.

The Protiva solution, part of Gemalto’s cloud computing security offer, will secure access to data networks and physical access for 20,000 employees, irrespective of country, branch or IT system. Implemented initially in Sweden, the solution is being deployed across the Baltic countries, as well as in smaller representative offices globally.

The solution includes a server platform, software applications for a complete card management, comprehensive deployment support and maintenance services, personalization, fulfillment services as well as advanced card renewal services.

In addition to providing Swedbanks’ employees with secure access to their company network remotely or on-site, the Protiva corporate badge will also enable email encryption and eSigning.

The addition of Safend’s complementary product suite creates strong cross-selling opportunities into the healthcare, financial and government verticals where data loss protection is a high priority.

The reseller channel, combined with its direct sales force and strong presence in EMEA, gives Wave new sales resources with access to new market opportunities. Prior to the acquisition, Safend was backed by prominent technology venture capital investors including Elron Electronics Industries Ltd., Intel Capital and Walden Israel Venture Capital.

With the escalation of cyber threats and an increasingly mobile workforce, many customers are looking for an integrated and cohesive security solution across the data lifecycle — from data-at-rest to data-in-motion and, ultimately, to archiving.” – Steven Sprague CEO and President

Safend’s award-winning suite of DLP, port control and removable media encryption software strengthens existing portfolio of data encryption and device authentication solutions.

The acquisition will enable Wave to deliver a holistic trusted computing management platform that roots software security to trusted computing hardware and provides the enterprise with interoperability across all platforms.