Draft:Versasec

Versasec was founded in 2007 by a team of four experts in identity and access management: Joakim Thorén, Jörg Dettmann, Paul Foley, and Per-Anders Fjärdsäter. The company focused on addressing the growing complexity of managing digital identities, particularly in smart card authentication.{{cite web|title=Joakim Thorén, Versasec: For a robust security strategy, you need to properly increase the security level for each part of the company|url=https://cybernews.com/security/joakim-thoren-versasec-for-a-robust-security-strategy-you-need-to-properly-increase-the-security-level-for-each-part-of-the-company/|work=Cybernews|date=3 May 2022 |accessdate=14 January 2025}}

In 2009, Versasec launched its flagship product, vSEC:CMS, a credential management solution tailored to small and mid-sized enterprises. In 2010, Versasec announced a technology partnership with Gemalto, who would later be part of the Thales Group acquisition in 2018.{{cite web|title=Gemalto|url=https://versasec.com/docs/2010.10.06.pdf|work=Versasec|accessdate=14 January 2025}}{{cite web|title=Partners - Versasec|url=https://cpl.thalesgroup.com/partners/versasec|work=Thales Group|accessdate=14 January 2025}}{{cite web|title=vSEC:CMS – Secure Device Management|url=https://cpl.thalesgroup.com/access-management/vsec-cms-secure-device-management|work=Thales Group|accessdate=14 January 2025}}

In 2016, Versasec vSEC:CMS became the first smart card management system to manage the Yubico YubiKey.{{cite web |title=Versasec Announces Partnership with Yubico |url=https://versasec.com/news/versasec-announces-partnership-with-yubico/ |accessdate=14 January 2025 |work=Versasec|date=27 June 2016 }}{{Cite web |title=National Cybersecurity Awareness Month: Shining a Spotlight on Secure Access |url=https://www.yubico.com/blog/national-cybersecurity-awareness-month-shining-a-spotlight-on-secure-access/ |archive-date= |access-date=12 March 2025 |website=Yubico|date=15 October 2019 }}

In 2019, the company expanded its offerings to include support for FIDO2, emphasizing passwordless authentication and zero-trust principles. By 2024, the company has introduced a dedicated FIDO2 Enterprise solution integrated with Microsoft Entra ID.{{cite web |title=Public Preview: Microsoft Entra ID FIDO2 Provisioning APIs |url=https://techcommunity.microsoft.com/blog/identity/public-preview-microsoft-entra-id-fido2-provisioning-apis/4062699 |accessdate=14 January 2025 |work=Microsoft Tech Community}}

Versasec specializes in identity and access management solutions, with its core product, vSEC:CMS, enabling organizations to efficiently manage digital credentials across various security ecosystems. The company's solutions are widely used to integrate PKI-based authentication, FIDO2 passwordless security, and enterprise Credential Management, supporting various credentials and hardware security modules (HSMs).{{cite web|title=Secrets Management Leadership Compass|url=https://www.kuppingercole.com/research/lc80769/secrets-management|work=KuppingerCole|date=24 April 2023 |accessdate=14 January 2025}}

Versasec's offerings cater to sectors ranging from small businesses to large enterprises, including financial institutions, healthcare providers, and governmental organizations. Its integrations include 25 partnerships{{Cite web |title=Versasec Partner Network |url=https://versasec.com/partners/ |access-date=2025-02-18 |website=Versasec |language=en-US}} with major technology providers like Microsoft (via Entra ID) and DigiCert as a certificate authority. Versasec's software supports global enterprises in enhancing cybersecurity posture through multi-factor authentication and zero trust architecture principles​.{{cite web |title=Versasec SaaS vSEC:CLOUD |url=https://versasec.com/products/vsec-cloud/ |accessdate=14 January 2025 |work=Versasec}}

The company operates globally with offices in Sweden, the United States, the United Kingdom, Germany, and other regions. Its solutions are designed to meet international standards, addressing regulatory compliance for industries requiring high levels of data protection and authentication integrity.{{cite web|title=Secrets Management Leadership Compass|url=https://www.kuppingercole.com/research/lc80769/secrets-management|work=KuppingerCole|date=24 April 2023 |accessdate=14 January 2025}}{{cite web|title=Versasec Entrust Partnership|url=https://internationalsecurityjournal.com/versasec-entrust-partnership/|work=International Security Journal|date=28 October 2022 |accessdate=14 January 2025}}

The organization pledged Cybersecurity and Infrastructure Security Agency Secure by design and became a member of the PKI Consortium in December 2024.{{cite web |title=Members |url=https://pkic.org/members/ |work=PKI Consortium |accessdate=14 January 2025}}{{cite web|title=Progress Reports Secure by Design|url=https://www.cisa.gov/securebydesign/pledge/progress-reports#Versasec|work=Cybersecurity and Infrastructure Security Agency (CISA)|accessdate=14 January 2025}}

Versasec has two main products:

• vSEC:CMS{{cite web|title=Swedish Trademark Database - reg.no. 411326|url=https://tc.prv.se/VarumarkesDbWeb/|publisher=PRV - The Swedish Patent and Registration Office|accessdate=18 February 2025}}{{cite web|title=vSEC:CMS|url=https://versasec.com/products/vsec-cms/|work=Versasec|publisher=versasec.com|accessdate=18 February 2025}} – credential or smart card management systems for managing PKI tokens, smart cards and digital certificates, generally with the intention to use the credentials as identification tokens and badges in organizations to enable multi-factor authentication and non-repudiation. vSEC:CMS is available as on-premises software, or as the SaaS vSEC:CLOUD.
• vSEC:CLOUD{{cite web|title=Swedish Trademark Database - reg.no. 622986|url=https://tc.prv.se/VarumarkesDbWeb/|publisher=PRV - The Swedish Patent and Registration Office|accessdate=18 February 2025}}{{cite web|title=vSEC:CLOUD|url=https://versasec.com/products/vsec-cloud/|work=Versasec|publisher=versasec.com|accessdate=18 February 2025}} - a managed service of the credential management software, vSEC:CMS. The credential management system is deployed in a virtual private cloud and is managed by Versasec, as a subscription based Software as a service.

Versasec has also developed a free application to help organizations adopt the highest authentication assurance level,{{cite web|title=NIST Special Publication 800-63-3 Digital Identity Guidelines, Implementation Resources|url=https://pages.nist.gov/800-63-3-Implementation-Resources/63B/AAL/|work=National Institute of Standards and Technology|accessdate=14 January 2025}} the vSEC:TOOL.

According to Swedish law, all Swedish incorporations (Aktiebolag, AB) are required to file their yearly accounts with the authorities.{{cite web|title=Bokföringslag (1999:1078)|url=https://www.riksdagen.se/sv/dokument-och-lagar/dokument/svensk-forfattningssamling/bokforingslag-19991078_sfs-1999-1078/|work=Riksdagen|accessdate=14 January 2025|language=sv}}{{cite web|title=Årsredovisning för aktiebolag|url=https://www.bolagsverket.se/foretag/aktiebolag/arsredovisningforaktiebolag/taframenarsredovisning.793.html?TSPD_101_R0=085cfe028fab20001ae5874b3b4584eb018291afa694a4ba3dabee1f4486e40e2a96e56a4bc9bc540886310b4d1430007b1476014f9abd2b31cfd5a154c911859fb014627e4c3507c5e139d05328c609545efaf51997f0d59e7ed1fb4994dd8a|work=Bolagsverket|accessdate=14 January 2025|language=sv}} To view Versasec's public financial details, visit Allabolag.se{{cite web|title=Allabolag.se|url=https://www.allabolag.se/nyckeltal/versasec-ab/-/f%C3%B6retagsutveckling/2K2OHPOI5YEHU|work=Allabolag|accessdate=20 February 2025}}

• [https://versasec.com/ Versasec public website (versasec.com)]
• [https://support.versasec.com/ Versasec online support portal]
• [https://fidoalliance.org/members/ Member of FIDO Alliance]
• [https://pkic.org/members/ Member of PKI Consortium]
• [https://www.cisa.gov/securebydesign/pledge/progress-reports#Versasec CISA Secure by Design Pledge]

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{{draft categories|

:Category:Smart cards

:Category:Software companies established in 2007

:Category:Companies based in Stockholm

:Category:Swedish companies established in 2007

:Category:Software companies of Sweden

}}

{{Drafts moved from mainspace|date=November 2024}}