DATAKEY INC

DATAKEY INC

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Company Overview
Datakey, Inc is an American based company engaged in the development, manufacture, marketing and sale of security related products and services. The company was founded in 1976 and has its registered office located in Minneapolis, Minnesota.
The company provides user access and authentication products, including smart card and security software. It also offers identity management solutions that provide security solutions, such as managing user identities and authentication to computer network resources and application software. The company’s products include Datakey Axis, Datakey CIP, Datakey Common Access Card Middleware, and Datakey Card Management System.
Datakey’s strategic partners include Rainbow Technologies, DataCard Group, Entrust, Precise Biometrics, and ASSA ABLOY. The company’s customers include government agencies, enterprises, and financial services firms.
Business Summary
DataKey, Inc. develops, manufactures and markets products and services based on its technologies for the information and security market. For information security solutions based on public key infrastructure (PKI), its product include Datakey Cryptographic Interface Provider (CIP) and Card Management System (CMS), and for information security solutions based on passwords, it offers Datakey Axis and its management center software. DataKey’s services range form advanced customer support to supporting system integrators addressing large-scale deployments of its products. It has also offered customization services to specific customer requirements and support and maintenance services for its software products and smartcards, such as telephone support, onsite support, installation and software updates, bug fixes and upgrades. In October 2004, Datakey filed a Form 15 with the Securities and Exchange Commission to terminate registration of the Company’s common stock.
Description and history
DataKey, Inc., incorporated in 1976, develops, manufactures and markets products and services based on its technologies for the information and security market. For information security solutions based on public key infrastructure (PKI), its product and service offerings include Datakey Cyptographic Interface Provider (CIP) and Card Management System (CMS), and for information security solutions based on passwords, its product and service offering is Datakey Axis and its management center software. Both product lines may use either or both of the Company’s 330 smartcard and iKey univeral serial bus token. The Company’s services range from advanced customer support to supporting system integrators addressing large-scale deployments of its products. It also offers customization services to adapt the Company’s software products for specific customer requirements, as well as support and maintenance services for its software products and smartcards such as telephone support, onsite support, installation and software updates, bug fixes and upgrades. DataKey also licenses its smart card operating system and CIP software to a third-party original equipment manufacturer (OEM) for incorporation into their products. In October 2004, Datakey filed a Form 15 with the Securities and Exchange Commission to terminate registration of the Company’s common stock.

DataKey’s customers include Bank of International Settlement, Bausparkasse Schwaebisch Hall, Canadian Department of National Defence, Clearstream Banking, Federal Deposit Insurance Corporation, Federal Reserve Bank, Office of the Superintendent of Financial Institutions (Canada), Rabobank, SWIFT, the United States’ Department of State, Department of Treasury and Patent and Trademark Office. Export sales to international customers, including Canada, for the years ended December 31, 2003 and 2002, were approximately 53% and 57% of total sales, respectively. Direct and indirect sales to United States government agencies were approximately 39% and 24% of total sales in 2003 and 2002, respectively.

Datakey Axis

Introduced in 2003, Datakey Axis is a smartcard-based solution that simplifies access control and identity management throughout the enterprise. Axis makes it more convenient and secure for users to login to an enterprise’s resources by consolidating all credentials/user identities onto one smartcard and automating access through a single sign-on. With this product, the Company is targeting enterprises that do not intend to install an information security system based on PKI.

Axis’ Rapid Deploy Technology

This technology automates policy, credential and desktop management through a single, desktop-based management center. It makes it easier to configure and deploy smartcards for access to a complete range of corporate resources without requiring any changes to the existing infrastructure.

Datakey Cryptographic Interface Provider

Datakey Cryptographic Interface Provider (CIP) allows enterprise users to upgrade their software-only systems to token-based information security and gain the benefit of secure Internet operation. Token-based information security implements a two-level security scheme, something that is owned (a hardware token) and something that is known (a password to activate the token), for a much stronger level of security than password-based software solutions. CIP provides token add-ons to Cryptoki (PKCS-11) standard information security interface applications and for applications that incorporate Microsoft’s CryptoAPI (CAPI). CIP offers load, plug-and-play convenience for strong information security.

Datakey CIP Thin

This is a server-based version of the client-based CIP for thin-client applications. CIP Thin contains all the features and functionality of CIP, but is installed on the server instead of on each individual workstation.

Datakey CMS

CMS is a Web-based smartcard and digital credential management solution for enterprises, used to issue, manage and support the cryptographic smartcards throughout the organization for identity-based applications. CMS gives enterprise customers a secure system that reduces the cost of deploying and supporting smartcards and digital identity credentials. Through policy-based enrollment features, CMS reduces the time an enterprise must spend issuing and managing smartcards for geographically distributed users. CMS makes it easier to perform a range of critical digital credential management activities, from requesting or renewing a user’s digital credentials to revoking or re-issuing these credentials.

Datakey Smart Cards

The Company’s smartcards are offered for use with the Axis, CIP and CMS solutions. These cards support public and symmetric key encryption and have received certification under appropriate American and Canadian standards. These smart cards include Models 330 and 330J, which are Java card compliant.

The Company competes with ActivCard, Aladdin, Imprivata, Passlogix, Protocom and RSA.

Business Line
Engaged in the development, manufacture, marketing and sale of security related products and services
Subsidiary

Advisor
MCGLADREY & PULLEN, LLP
IPO date

US SIC Code
7372
Company Address
407, West Travelers Trail

City province or state postal code
55337, BURNSVILLE, MN
Phone: +1 952 890 6850
Fax: +1 952 890 2726
Country address: UNITED STATES OF AMERICA
Website url: www.datakey.com