Veratad Technologies and CoNetrix Form Strategic Partnership

Teaneck, NJ (PRWEB) August 30, 2010 — Veratad Technologies, LLC, a world class provider of Virtual Identity Verification and Compliance Solutions, announced today that it has formed a strategic partnership with CoNetrix, a national security and technology consulting firm. As a CoNetrix Strategic Partner, Veratad will offer CoNetrix’s security and compliance solutions which include the award-winning tandem Security and Compliance Software suite, as well as security testing services.
“Veratad is a fantastic choice for us to partner with,” said Jon Troutman, CoNetrix’s sales and marketing manager. “One of their primary specializations is the financial services industry, which is our strongest vertical market, and they have a decade’s experience in security and compliance solutions. This partnership will enable our tandem software suite to gain an even greater foothold in the financial community.”

tandem is the first comprehensive online Information Security Program software solution for financial institutions (banks, credit unions, savings associations, trust companies, etc.). The software was developed to help financial institutions complete and maintain an Information Security Program which complies with GLBA and the Interagency Guidelines Establishing Information Security Standards. While tandem was designed as a complete solution from the ground up, it was fashioned into modules which allow for versatility. The modules include risk assessment, policies, vendor management, and business continuity planning.

“We are very excited about this opportunity to partner with CoNetrix” said John Ahrens, Veratad’s Managing Director. “We believe the addition of the CoNetrix team and their suite of compliance solutions will significantly enhance our ability to assist customers, including financial institutions, with their IT compliance efforts.”

About Veratad
Veratad Technologies, LLC (www.veratad.com) is a provider of both online/real-time and batch Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity. Its verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by companies large and small to provide verifications of age and identity. Its customers include some of the world’s most well known corporations who use Veratad solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.

For More Information Contact:
Pattie Dillon
President
Veratad Technologies, LLC

www.veratad.net/conetrix
Teaneck, New Jersey
Toll Free: 888-510-7343
F: 201-510-6036

Forward-Looking Statements

In addition to the historical information contained herein, this press release contains forward -looking statements, such as statements regarding the Company’s, and the combined companies’, anticipated future performance, including the ability of the combined companies to expand verification and e-commerce capabilities; to increase product offerings and the size of the distribution channel; as well as statements containing the words, “believes,” “intends,”, and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company’s limited operating history and variability of operating results; competition in the electronic verification and commerce market; the ability of the combined companies to successfully offer the market expanded verification and privacy tools and e-commerce capabilities and services and the market’s acceptance of such offerings, and other risk factors referenced in this release.