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"As the international security market continues to grow strongly, the efforts that we have made to place XIRING in a strong position are bearing fruits. XIRING is now a key players on the Strong Authentication and Secure Transactions market in Europe.
In the banking sector, the success of online banking services is a key strategic and financial issue. It depends in large on the confidence of users and thus on the level of security provided by the banks. In Europe (Switzerland, Belgium and Holland) 6.5 million e-banking users are already equipped with authentication systems. On a worldwide scale, banks are becoming aware of the issues at stake and many banking establishments are preparing the implementation of strong authentication solutions to secure online banking.
XIRING provides banks with strong authentication and digital signature solutions developed in partnership with major international banking establishments (mastercard, Visa,...). Our Xi-Sign authentication solution was the first to successfully pass the conformity tests for MasterCard as part of its Chip Authentication Program (CAP) and the Dynamic Password Applications test from Visa.
The healthcare market is also strategic for XIRING. The success of our extensive healthcare offering demonstrates the adequacy of our approach based on the ambition to deliver healthcare solutions that exactly meet the professionals' needs, both in terms of functionality and mobility. Our success in France is a springboard for the development of healthcare applications with partners in other countries.
XIRING has also launched an ambitious program to develop indirect sales on international markets: the "XIRING Business Partners Program". It aims at establishing partnerships with local players (integrators, VARs and software editors). The program has scored some promising successes, with over 60 business partners around the world today.
With sales of €23.8 million in 2007, XIRING continues to improve its results. This illustrate the adequacy of our business model and strategy and the quality of our solutions. The flexibility of our structure, the skills of our experts and the relevance of our offering have all contributed to XIRING's success.
The company's current growth and the actions undertaken will further strengthen our position on the European and international security markets.”
Georges LIBERMAN XIRING Chairman and CEO
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