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July 2, 2014

Telstra eyes mobile security with Telesign investment

The mobile authentication firm has more than 3.5 billion accounts in 200 counties.

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Telecommunications firm Telstra is looking to keep its customer accounts safer after agreeing to buy a stake in US-based mobile authentication firm Telesign.

Telesign, which has more than 3.5 billion accounts in 200 countries, provides a mobile identity platform that uses a two-factor authentication service to associate a valid mobile phone number with a user’s online account on sites such as Facebook and Google.

Although Telstra declined to comment on the value or stake percentage of the deal, it said it is currently exploring means of delivering the technology to its customers.

Telstra Ventures’ MD Mark Sherman said: "The TeleSign solution brings additional security to data and identity, enabling a safe and confident service experience. We are excited to part of the journey as the company continues to expand globally.

"We hope to be able to offer a range of mobile identity solutions from this innovative provider and we will work closely with TeleSign to explore opportunities to bring this technology to our own customers."

The announcement comes not too long after Telesign raised $40m in funding, which CEO Steve Jillings said would be used to invest in expansion and product development.

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