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Sequent Joins Specifications Body GlobalPlatformMembership Enables Contributions to Developing Best Practices and Software Specifications for Secure Mobile Contactless Services (April 10, 2012)
SAN FRANCISCO, CA -- (Marketwire) -- 04/10/12 -- Sequent Software, a leading provider of Near Field Communication (NFC) software, has joined GlobalPlatform, the global organization that standardizes the management of applications related to secure chip technology. Sequent's membership enables it to contribute to specifications that ensure the interoperability of secure contactless services. The company, which provides a software and services platform for this developing market, plans to participate in the formation of business requirements and the development of best practices in different industry sectors.
"GlobalPlatform specifications are at the center of interoperability for the secure contactless services market, and that is where Sequent plays a key role," said Drew Weinstein, Sequent's Chief Executive Officer. "As Sequent continues to develop its software platform for NFC, we want to participate actively in building a solid base of specifications and practices to meet the needs of all industry stakeholders."
The deployment of NFC technology in mobile devices has been slowed by complex incumbent infrastructure. Now, Sequent solves that problem by bringing the industry a secure element management platform that is not affiliated with an application provider or security hardware vendor. In this neutral role, Sequent has the flexibility to support diverse contactless security technologies while rapidly onboarding a variety of issuers, application providers, and their technology partners. Sequent's products follow GlobalPlatform specifications to ensure reliable and secure over-the-air and over-the-internet service to mobile network operators, contactless application providers, and their subscribers. By joining Global Platform, Sequent will have access to new specifications as they are being developed, allowing the company to efficiently adapt to the latest innovations in the contactless services industry.
"Sequent's expertise in the NFC market makes the company a welcome addition to the membership," said Kevin Gillick, Executive Director of GlobalPlatform. "We look forward to their participation and contribution to our industry-leading initiatives."
As an Observer Member, Sequent will contribute to GlobalPlatform's Mobile Task Force, working with other members to advocate a neutral and scalable security management infrastructure that can protect current investments while enabling future technology evolution. Sequent will also participate in the GlobalPlatform Advisory Council to share its expertise on industry trends that will affect GlobalPlatform specifications.
Founded in 2010 by payment and mobile industry veterans, Sequent Software provides a leading Near Field Communication (NFC) software and services platform. Our mission is to enable NFC services without significant changes to complex proprietary infrastructure. Sequent's comprehensive Secure Element Management solution has the flexibility to support diverse contactless security technologies while rapidly onboarding issuers, application providers, and their technology partners. In addition, Sequent's breakthrough App Management technology consists of on-device middleware and support services that enable app developers to integrate NFC payments and other credentials into rich, branded consumer mobile apps. Sequent's platform-as-a-service software is available as a hosted solution or for deployment in a customer's facility. Fueled by robust funding led by Opus Capital and SK Telecom Ventures, Sequent makes the promise of NFC a reality. For more information, please visit www.sequent.com.
GlobalPlatform is a cross industry, not-for-profit association which identifies, develops and publishes specifications which facilitate the secure and interoperable deployment and management of multiple embedded applications on secure chip technology. Its proven technical specifications are regarded as the international industry standard for building a trusted end-to-end solution which serves multiple actors and supports several business models.
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