WISeKey International Holding Ltd, a leading Swiss cybersecurity and IoT company, announced that sales of SuisseID Signing Services for its subsidiary QuoVadis Trustlink Schweiz AG (QuoVadis) have increased significantly since Q4 2017.
Significant growth in sales of e-signing solutions with qualified certificates
“WISeKey QuoVadis has become a leader in the digital signature market,” said Roman Brunner, Chief Revenue Officer of WISeKey.
Roman added, “We are pleased to note that sales of our Qualified Electronic Signature (QES) solutions, such as the SuisseID Signing Service, has increased significantly since the beginning of 2018, as compared to the same period of last year. We expect this trend to continue in the second half of 2018 and also in 2019.”
The SuisseID Signing Service by QuoVadis allows customers a legally valid qualified electronic signature as well as a secure login/authentication option. The solution is operated as a cloud service, without the need for hardware such as smart cards or USB tokens, and is extremely user-friendly.
Higher sales were driven by the progressive digitization of the Swiss B2B market
WISeKey QuoVadis believes the main driver for the increased sales is the noticeable larger demand for services related to the digitization of the Swiss business-to-business market.
“We have noticed that Swiss companies are rapidly adopting e-business methods. While in the past, companies sank into a never-ending planning in (an) attempt to digitize their business as a whole, now they agree it is more efficient to proceed in small steps, that can be implemented quickly. The upgrading of old-fashioned signature processes is often a good starting point in reducing costs and increasing efficiency. As a result, since the beginning of 2018, we have significantly expanded our client base for e-signing solutions,” continued Roman.
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Added value through the advantages of a Qualified Electronic Signature
The Qualified Electronic Signature (QES) provides companies/clients with a wide range of services and advantages to make processes more efficient, simpler and secure and increase profitability. These offerings include:
- Legally binding: According to the Swiss (ZertES) and European (eIDAS) electronic transaction rules, a QES is legally equivalent to a paper-based signature.
- Highly secure: The creation of a QES is highly secure – the Swiss legislation with the OR Art. 59a1F. reversed the burden of proof in the context of using a QES.
- Completely digitized processes save time and money: Expensive and complex signing processes via printing, paper consumption, sending, waiting for an answer, scanning and manual archiving are eliminated in favour of fast, consistent and digital processes without media breaks.
- Automation: Structured data enables process automation.
- Optimizes sales and contact channels: A local presence is no longer necessary, geographic boundaries are falling, opening hours are no longer business stops. Depending on the solution, today QES can be made independent of location, time and device. Digital target groups are adequately addressed and can conclude contracts with providers according to their individual needs (such as, when, where) legally binding and online.
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WISeKey QuoVadis offers tailor-made customer solutions for Qualified Electronic Signature using the SuisseID Signing Service or with its latest eSignature family PrimoSign.
WISeKey QuoVadis applied to become an Identity Provider under the new eID law
As part of the new Swiss eID law currently being considered in the consultation process, WISeKey QuoVadis has committed to becoming an Identity Provider (IdP).
Reto Scagnetti, Country Manager for QuoVadis Trustlink Schweiz AG, noted, “Applying for an IdP makes perfect sense for us. Our core business has always been about digital identities. As IdP we will continue to check identities of persons in the future after the new E-ID law comes into effect and confirm them with electronic certificates of the highest quality. An E-ID can help provide easier access to a qualified electronic signature, which will remain under the ZertES (Federal Law on Electronic Signature).”
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