{"id":62323,"date":"2015-05-22T05:05:00","date_gmt":"2015-05-22T01:05:00","guid":{"rendered":"http:\/\/localhost\/?p=62323"},"modified":"2015-05-22T07:05:01","modified_gmt":"2015-05-22T03:05:01","slug":"fusionpipe-bctia-most-promising-startup","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/fusionpipe-bctia-most-promising-startup","title":{"rendered":"Vancouver\u2019s FusionPipe is on the Frontline of Password-less Authentication"},"content":{"rendered":"<p><img decoding=\"async\" style=\"float: right; margin: 5px 15px;\" src=\"\/public\/cache\/company\/220x145\/fusionpipe_logo_blue_full_255255255.png\" alt=\"\" width=\"220\" height=\"145\" \/>Security is paramount and passwords are pass&eacute;.<\/p>\n<p>Data security technology has become a hot market. <a href=\"http:\/\/www.fusionpipe.com\/\" target=\"_blank\">FusionPipe Software Solutions<\/a>, a <a href=\"http:\/\/www.techvibes.com\/blog\/2015-technology-impact-award-finalists-2015-05-01\" target=\"_blank\">2015 Technology Impact Awards Most Promising Startup nominee<\/a>, is ahead of the curve in providing an enterprise solution.<\/p>\n<p><!-- pagebreak --><\/p>\n<p>Password-less authentication is a domain garnering increasing interest. Passwords and usernames no longer provide as much security as times past, and lead to inefficiencies in enterprise.<\/p>\n<p>FusionPipe is a Vancouver-based company with the mission to provide secure password-less authentication combined with enhanced data security, while increasing convenience and decreasing operating costs.<\/p>\n<p>FusionPipe&rsquo;s solutions address current authentication and data security concerns surrounding the use of passwords and multi-factor one-time passwords in an enterprise world increasingly using cloud and mobile technologies.<\/p>\n<p>CEO David Snell told Techvibes, &ldquo;We replace complex passwords. We encrypt them and use them, but the user doesn&rsquo;t have to enter them in.&nbsp; We use the most convenient way of authenticating, through a smartwatch or tapping the app, or automatically just through proximity.&#8221;<\/p>\n<p>The company has four security solutions:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.fusionpipe.com\/quikid\" target=\"_blank\">QuikID&nbsp;Smart<\/a>&nbsp;allows for secure authentication and user identification through proximity using private encryption keys stored on a user&rsquo;s smartwatch or smartphone apps.&nbsp; The technology automatically locks the device when the user is out of Secure Communication range.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.fusionpipe.com\/container\" target=\"_blank\">QuikSafe&nbsp;Enterprise HE Container<\/a>&nbsp;is a segregated space on an iOS tablet that safeguards sensitive data, providing an added security space within the mobile device.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.fusionpipe.com\/keyvault\" target=\"_blank\">QuikSafe&nbsp;KeyVault&nbsp;<\/a>encryption technology ensures that each data file in the HE Container on a mobile device is individually encrypted, with encryption keys residing on a second device, such as a smartphone or smartwatch.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.fusionpipe.com\/sdk\" target=\"_blank\">QuikSafe&nbsp;Software Development Kit<\/a>&nbsp;allows enterprises to integrate QuickSafe&rsquo;s mobile data security solutions into existing company applications.<\/li>\n<\/ul>\n<p>The three main benefits of FusionPipe&rsquo;s products are a reduction in the cost of ownership, increased security and convenience, and the elimination of hardware, such as authentication readers, smartcards, and dongles, and their associated maintenance and support costs.<\/p>\n<p>&ldquo;The final stage, and what we&rsquo;re working with some of our proof of concepts, is replacing smartcards and dongles. We displace all of that.&nbsp; In the enterprise world, the nirvana of getting rid of smartcards, and dongles, one-time and complex passwords that people have to enter, is a huge reduction in the total cost of ownership, because there&rsquo;s a lot of hardware and support required. Plus it&rsquo;s as secure or more secure,&rdquo; said Snell.<\/p>\n<p>The company started when the founder, Peter Luong, realized that mobile devices created a new frontier of data security they are being increasingly used in BYOD enterprise environments.<\/p>\n<p>Luong worked with experts in security at UBC, and started developing the&nbsp;<a href=\"http:\/\/www.fusionpipe.com\/container\" target=\"_blank\">QuikSafe Enterprise HE Container<\/a>&nbsp;for iPad which separates business data from personal files, and allows users to encrypt the data so that it cannot be accessed without the de-coupled encryption keys.&nbsp; If the tablet is stolen but sensitive material is encrypted with FusionPipe&rsquo;s solution, no one can read the material unless they have the encryption keys themselves.<\/p>\n<p>The team at FusionPipe then developed the authentication piece for the smartphones.&nbsp; The encryption keys were moved from the device that stores the sensitive files to a smartphone over a secure communications layer, Bluetooth Smart.<\/p>\n<p>&ldquo;About a year ago, we had our VP of sales start talking to a lot of our target customers, and all of them said, the container&rsquo;s interesting, but if you can solve that password-less authentication piece, we&rsquo;ll buy it. So last summer, we really did a pivot,&rdquo; said Snell. &ldquo;We looked specifically then at putting most of our resources into our password-less solution.&rdquo;<\/p>\n<p>They created a smartphone application which decoupled the encryption keys from the data itself and moved those encryption keys securely to a smartphone. The next stage was to use Bluetooth Smart proximity to then automatically authenticate someone to a PC or Mac depending on their proximity to it. When within a user-designated proximity, the smartphone uses those encryption keys to automatically authenticate the user to data on the appropriate PC or network.<\/p>\n<p>FusionPipe plans to be in revenue this year, followed by a Series A of five to ten million dollars.<\/p>\n<p>Snell believes FusionPipe has all the pieces in place for growth, with emphasis on the entrepreneurial mindset of the individuals involved.&nbsp; On the announcement by the BCTIA of their TIA nomination, Snell said, &ldquo;We are honored to have been chosen for the second year in a row as a finalist for this coveted technology startup award. FusionPipe is currently experiencing a tremendous &lsquo;inflection point&rsquo; with outstanding global customer traction with new and disruptive authentication technology being commercialized in May. All the signs are telling us that this will be a banner year for FusionPipe &ndash; right product at the right time and place, with the right team.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Security is paramount and passwords are pass&eacute;. Data security technology has become a hot market. FusionPipe Software Solutions, a 2015 Technology Impact Awards Most Promising Startup nominee, is ahead of the curve in providing an enterprise solution. Password-less authentication is a domain garnering increasing interest. Passwords and usernames no longer provide as much security as [&hellip;]<\/p>\n","protected":false},"author":70820,"featured_media":62325,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-62323","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/62323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/70820"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/62323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/62325"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=62323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=62323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=62323"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=62323"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=62323"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=62323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}