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ValidSoft and Sogeti BeLux Sign Agreement That Will Help in Securing the Computer Cloud


June 16, 2011 - London

ValidSoft, a global supplier of fraud prevention, authentication and transaction verification solutions, has announced an agreement with Sogeti BeLux (www.sogeti.be), a prominent provider of IT services in Belgium and Luxembourg. Sogeti BeLux will be the first reseller partner in continental Europe to provide ValidSoft's suite of multi-layered security products with strong, built-in privacy protections, VALid®. ValidSoft (www.validsoft.com) is a wholly-owned subsidiary of Elephant Talk Communications, (OTCBB: ETAK) (www.elephanttalk.com) an international provider of business software to the telecommunications and financial industries.

Sogeti's corporate goal to be a Cloud Computing partner of choice has come one step closer to fruition through this reseller partner agreement. The success of Sogeti's services (such as online and mobile banking, cloud computing, and data storage), in turn, depends on proving to customers that their crucially important information and data is safe even from the more determined cyber attacks. That's why Sogeti has decided to partner with ValidSoft. ValidSoft's technology can protect against the most sophisticated fraud, including so-called Man-in-the-Browser and Man-in-the-Middle attacks on Internet banking.

ValidSoft's technology offers unprecedented levels of safety for internet and mobile banking and other services because it employs four types of authentication -- two more than traditional security systems. As with standard systems of ensuring that customers are whom they claim to be, ValidSoft's approach first requires that customers have something that only they are supposed to have -- a credit or debit card, or a cell phone or computer that's been authenticated. Then it requires something that they alone are supposed to know -- such as a PIN number or a password. But cards, phones and passwords can be stolen. So ValidSoft's four-factor system adds two more layers of assurance. The first taps into something that's unique to customers. In the VALid® system, this is a proprietary voice recognition system. Finally, for transactions where calling in to be verified isn't always practical, ValidSoft adds a fourth authentication factor, customers' locations. The software taps into information about the location of customers' cell phone to figure out if they actually are in the same location as where a transaction is talking place. This four-pronged approach can easily thwart the latest 'spear phishing' attacks where thieves try to gain victims' trust by using personal information. Those latest threats include Call Redirects and SIM Swaps, whereby fraudsters intercept the randomly generated one time password, which is a significant issue affecting many production deployments of Out-Of-Band (OOB) authentication today.

"With today's growing direct fraud attacks on banks' customer data and the need for remote access to data and applications, ValidSoft provides not only a unified and transparent solution for authentication and verification, but also a very flexible framework to assist in the implementation of different levels of security. Its straightforward architecture and integration with industry standard technology helps ensure a seamless implementation. Being close to customers and providing them with the best of what technology can bring is demonstrated by today's reseller partner agreement with ValidSoft," said Hubert Beaucarne, Sales Director Sogeti BeLux.

Using ValidSoft's technology, Sogeti will provide solutions based on immediacy of service that can bring significant competitive advantage, improved customer satisfaction, and operational costs reduction.

ValidSoft adds a substantial benefit in end-user experience and security by offering its customers a wide range of solutions that involve remote access. An operating platform that integrates with the Customer's operations is an essential element in Sogeti's Solutions and Services. ValidSoft greatly simplifies this deployment for Sogeti's customers with its ability to integrate with industry standard VPN & SSL solutions across many use scenarios.

Pat Carroll, founder and CEO of ValidSoft, said "Our partnership with Sogeti brings together two organisations that are passionate about customer excellence and innovative technology. With ValidSoft, Sogeti can address fraud detection and resolution challenges for financial services firms without adding the significant expense and hassle of providing authentication tokens to customers and staff, or the risk of allowing suppliers into sensitive company areas such as the intranet. ValidSoft's vision and capabilities to redefine fraud prevention in the mobile cloud creates an ideal match with Sogeti's aspiration to become a major player in the cloud as well."

About Sogeti BeLux
With a staff of approximately 1,100, Sogeti BeLux holds a prominent position in the IT services sector in Belgium, and is the main provider of IT services in Luxembourg. Sogeti BeLux provide a broad range of innovative IT services in three lines of business and seven domains of expertise (Infrastructure Services: Desktop & Workplace, Cloud & data Centre, Mainframe; Application Services: Application Development & Management, Business Intelligence & Statistics, Collaboration & Content management; Testing services: Testing & Quality Management ). As diligent business partners, Sogeti endeavors to provide solutions suited to clients' needs. Sogeti staff members' passion for IT, skills and professionalism are highly valued by their clients. Sogeti BeLux is part of the Sogeti group.

About Sogeti
Sogeti is a leading provider of professional technology services, specializing in Application Management, Infrastructure Management, High-Tech Engineering and Testing. Working closely with its clients, Sogeti enables them to leverage technological innovation and achieve maximum results. Sogeti brings together more than 20,000 professionals in 15 countries and is present in over 200 locations in Europe, the US and India. Sogeti is a wholly-owned subsidiary of Cap Gemini S.A., listed on the Paris Stock Exchange.

About ValidSoft
ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), (www.elephanttalk.com) and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (www.validsoft.com).

About Elephant Talk Communications
Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (www.elephanttalk.com).

Contact:
Elephant Talk Communications, Inc.
Mr. Steven van der Velden
Tel: + 31 20 653 59 16
Email Contact
www.elephanttalk.com

Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
Tel: + 1 212-398-3486
Email Contact

ValidSoft:
Emmanuelle Filsjean
Tel: +44 (0)20 3170 8999
Email: Email Contact

Fishburn Hedges
+44 (0)20 7839 4321
James Gilheany
Paul Farrow
Email Contact

Sogeti BeLux:
Peter Lacres
Creative Strategies
Tel: +32 2 263 21 75

MarketWire

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