Valicert to Acquire Assets of Tradenable Inc.
ValiCert announced a definitive agreement to acquire business payments and settlement intellectual property, key personnel and other assets from privately held Tradenable Inc., of Redwood Shores, Calif., a leader in online financial settlement services. The payments-related intellectual property includes, but is not limited to, software code, trademarks and technical expertise. The acquisition of these assets builds on ValiCert’s strategy of providing leading solutions to specific industries including the financial services and healthcare insurance markets. Tradenable’s payments and settlement software enhances ValiCert’s recently announced ValiCert e-Pay Secure solution which features a suite of products and services, designed specifically for banks, clearing houses, payment networks and payment processors to allow them to deploy secure payment solutions for trusted e-Payments. Tradenable’s payments and settlement software complements ValiCert’s work in the banking industry, specifically with the Identrus security consortium and with SWIFT’s trusted transaction solutions.