TeliaSonera invests in NorthID and Accumulate

strengthen innovation capacity by establishing partnerships supporting mobile behaviou

Swedish telecommunications company, TeliaSonera, is investing in NorthID and Accumulate (view press release). NorthID develops mobile apps which secure the exchange of digital personal information and digital identities and Accumulate develops processes for secure transactions that can be used for m-payments, m-banking and mobile authentication services. The deal continues TeliaSonera’s strategy to strengthen innovation capacity by establishing partnerships supporting mobile behaviour.

Commenting on the deal Kennet Radne, head of product mobile services at TeliaSonera said: “Our strategy is to invest in new or existing companies close to our own core business which support mobile behaviour and add value to our customers. In the long-run, this will have a positive impact on TeliaSonera’s business.”

Exact terms of the investment have not yet been disclosed.

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