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SMS PASSCODE(R) strengthens management team with seasoned CEO

Copenhagen, August 6th, 2012 - SMS PASSCODE A/S - The recognized technology leader in two- and multi-factor authentication for identity theft protection - today announced the appointment of Claus Kotasek as Chief Executive Officer. Claus is a technology executive veteran with an extensive career in executive positions within the IT and Telecommunications business including international positions at companies like Aastra Telecom and Ascom. His experience in building and managing high-performance teams in fast growing companies and his extensive technology and channel driven market experience is an ideal background for taking SMS PASSCODE to the next level. Claus Kotasek holds both a technical background as well as an E-MBA from SIMI.

"We have experienced very strong growth over the past few years resulting in an expansion both in the business we do and our organization. As we embark on our next phase moving from a technology to a market leader, we are very excited to have a seasoned professional like Claus join us", says Claus Rosendal, Chairman of the Board, SMS PASSCODE.

Claus Kotasek replaces co-founder and former CEO, David Hald, who will resume the role of Chief Relationship Officer and will continue to promote and evangelize the merits of the SMS PASSCODE(R) multi-factor authentication solution.

SMS PASSCODE(R) has garnered international recognition and awards for its technology leading more secure solution to protect against identity theft. Essentially, once a user accesses a corporate network or application, the user first submits user credentials after which SMS PASSCODE(R) identifies location information and generates and sends in real-time a one-time-passcode only valid for that login attempt to the user's mobile device globally via text SMS message, voice call or secure e-mail. This technology-leading platform is an ideal foundation as the company progresses towards a market leader position.

More information
To learn more about SMS PASSCODE(R), please visit http://www.smspasscode.com. To try it out SMS PASSCODE(R) live on your own mobile phone, visit: https://demo.smspasscode.com

About SMS PASSCODE(R)
SMS PASSCODE(R) is the leading technology in two- and multi-factor authentication using your mobile phone. To protect against the rise in internet based identity theft hitting both consumers and corporate employees, SMS PASSCODE(R) offers a stronger authentication via the mobile phone SMS service compared to traditional alternatives. SMS PASSCODE(R) installs in minutes and is much easier to implement and administer with the added benefit that users find it an intuitively smart way to gain better protection. The solution offers out-of-the-box protection of standard login systems such as Citrix, Cisco, Microsoft, VMware View, Juniper and other IPsec and SSL VPN systems as well as web sites. Installed at thousands of sites, this is a proven patent pending technology. In the last years, SMS PASSCODE has been named to the Gartner Group Magic Quadrant on User Authentication, awarded twice to the prestigious Red Herring 100 most interesting tech companies list, a Secure Computing Magazine Top 5 Security Innovator, InfoSecurity Guide Best two-factor authentication, a Citrix Solution of the Year Finalist, White Bull top 30 EMEA companies, a Gazelle 2010 and 2011 Fast Growth firm and a ComOn most promising IT company Award. For more information visit: http://www.smspasscode.com or our blog at blog.smspasscode.com.

For more information, contact: Lars Barthold Nielsen, SMS PASSCODE A/S, Phone +45 21 26 81 98,
e-mail: lbn@smspasscode.com

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