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Guardtime Signs Up E-Signing Service Scrive With Keyless Signatures

Marketwired

PALO ALTO, CA--(Marketwire - Sep 25, 2012) - Guardtime (www.guardtime.com), whose mission is to ensure the authenticity and integrity of electronic data wherever it may reside, today announced a new partnership with Stockholm, Sweden-based e-signing service Scrive (www.scrive.com).

Scrive provides a service for e-signing tenders, legal contracts, and other documents that require a signing authority. Its users include financial institutions, real estate services and retailers. Both companies share a common vector: securing the long-term independent non-repudiation of signed electronic documents.

Says Lukas Duzcko, CEO of Scrive, "Guardtime Keyless Signature integration is key to making Scrive the only e-signing solution in the world that can provide contracts that are enforceable and independent from the existence of Scrive or any other third party."

Scrive is using Guardtime's API for integrating the Keyless Signature service with its e-signing platform, so that every PDF generated by the system becomes tamper-evident on its own, independently from the Scrive's platform. Since the Keyless Signatures never expire, the tamper-evidence stays with the signed electronic contract for its entire lifetime.

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"The Guardtime solution is very elegant and together with other key components in our contract generation process it finally enables us to reach the level we want to achieve with our contracts. With Guardtime the signed documents produced by the Scrive system are provable, independently of Scrive or any third party, until the end of time," added Duzcko.

When Scrive was launching an e-signing service for its customer Avanza Bank it needed to meet the following requirements:

  • Electronically signed contracts were required to maintain its non-repudiation properties throughout the entire agreement lifecycle, often 10 years or more.

  • The evidence for contract integrity needed to be independently verifiable by Avanza Bank and its customers with no third-party involvement.

  • Service needed to be integrated with existing e-signing platform and customized for Avanza Bank's needs in less than 1 month.

After researching various PKI-based solutions for data integrity for several years, Scrive selected Guardtime's Keyless Signatures as the only option that could fulfill these stringent requirements for Avanza Bank.

"We have experienced an explosive growth in demand for dematerialization solutions all across the globe," says Mike Gault, Guardtime CEO. "Scrive's e-signing platform for Avanza Bank is another great example of this trend and we're happy to be part of it by securing long-term independent non-repudiation for signed electronic documents."

Most recently, Guardtime unveiled its Disaster Recovery as a Service (DRaaS) solution on Joyent's cloud platform, aimed at Infrastructure Service Providers and Telecommunication Operators targeting mobile first markets. The solution offers seamless SLA-based business continuity, efficient capacity expansion and data integrity verification as part of the world's first secure cloud stack.

About Scrive:
Scrive was founded in 2010 and develops cloud services for e-signing. Its principal objective is to increase sales and improve customer experience. The company's vision is to remove friction in the signing process by eliminating all manual intermediate steps. With its innovative solutions, Scrive has, in just two years, managed to become the leading supplier of services for e-signing in Sweden with prestigious clients in many different industries. Today Scrive helps its customers cut time to get documents signed by 2-4 weeks, with 25% of all documents signed within 8 minutes. Visit http://www.scrive.com for more information about their next-generation e-signing solutions.

About Guardtime
Guardtime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. Guardtime's Keyless Signatures provide proof of origin and that not a single bit has changed since a specific point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. Guardtime's mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.