Business News
Giesecke & Devrient Promotes Security Technology Start-Ups
Wednesday 16. April 2008 - 15 start-up companies, most of them specializing in IT security technology, presented their ideas and solutions to an audience of investors and G&D managers at the 1st Security Software Forum today.
The event was hosted by Giesecke & Devrient (G&D) at its Munich headquarters together with Munich Network, a network of technology companies. G&D, itself a leading provider of security technology, intends not only to provide the young entrepreneurs with a platform where they can talk with potential partners in the booming security market, but also to investigate potential synergies with its own company.
“The idea of this event is to bring together creative minds, researchers and managers. The demands made on IT security solutions are constantly growing, and if we unite we will be able to protect our increasingly networked and mobile society much more effectively. The goal of the Forum is to set up cooperative ventures quickly and without unnecessary formalities,” stated Dr. Kai Grassie, head of the New Business division at G&D. “By offering a partnership to these companies, most of which are still quite small, G&D can act as a stepping stone into the global market while also benefiting from the unconventional methods adopted particularly by the smaller technology think-tanks.”
The list of applications offered by the companies attending the forum ranged across all areas of the IT security scene. Among the applications presented were digital identification technologies and systems for the management of access and user rights (baimos technologies), analysis programs for identifying security gaps in Web applications (art of defense), cryptography programs to prevent data leakage in portable storage media (Splitstreem) and technologies to protect companies against unauthorized access to confidential documents, even beyond company boundaries (Brainloop). Security in mobile communications, especially in the field of mobile payment systems, was a further focus of interest.