Encap appoints Thomas Bostrøm Jørgensen as CEO

Former Luup CEO joins leading mobile security company.

Oslo, Norway, 1st May 2011 – Encap today announced that it has appointed Thomas Bostrøm Jørgensen as its new CEO. Thomas will commence the role immediately and assume overall leadership of Encap’s senior management team, driving the delivery of the company’s strategic and commercial objectives. With more than 10 years of experience in senior management roles across the mobile financial services, identity management and mobile application security  sectors, Thomas will continue to build on Encap’s success.

“Encap has unique, proven, technology and a world class management team. The company is set to revolutionise the authentication market by replacing traditional hardware tokens with cloud-based software linked to the user’s device,” says Thomas Bostrøm Jørgensen, CEO of Encap. “I am delighted to be leading Encap into this period of tremendous opportunity.”

“Thomas is a great addition to the Encap team,” says Dag Fjørtoft, Chairman of Encap. “His outstanding track record and wealth of experience will be invaluable as Encap continues as a pioneer of software-based authentication.”

Thomas was previously CEO at Luup, an international leader in domestic and cross-border mobile payments solutions and business strategies for banks and financial institutions. Prior to Luup, he was VP of R&D at Force, a market leader in high-end Digital-TV receivers for the northern European market. He also co-founded Voycast, an innovative Video On Demand solution for the Broadcasting industry and held several positions at Tandberg Television.

Encap provides simple, secure and seamless two-factor authentication for enterprise and banking security. Encap’s mobile client solution is proven, patented and offers banking-grade security. By removing the need for tokens, SIMs or SD cards, Encap’s two-factor solution can be implemented at a fraction of the cost and time needed for other, more cumbersome, security solutions.

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Contact for Press:
Daniel Lowther / Sarah Wilson
CCgroup
T: +44 7747 636 687 / +44 7817 630794
E: encap@ccgrouppr.com

About Encap
Encap provides simple software-based, two-factor authentication and digital signing for the enterprise and banking sectors.

Encap represents a revolutionary new approach to authentication for the post-PC era. It replaces hardware and one time password authentication solutions such as tokens, card readers, SIMs and SMS with a mobile client linked to a smart device. Easy, quick and convenient for users, Encap creates a familiar, intuitive authentication process that works across all platforms – PC, mobile or tablet – and via the cloud.

Encap’s unique patented software delivers a ubiquitous security solution that is scalable, easy to integrate and requires no capital investment.

Based in Oslo, Norway, Encap’s world class management team has an unrivalled pedigree in mobile banking, finance, enterprise and remote access security. The Encap solution is approved by the Norwegian Banks’ Standardisation Office and used by major banking institutions, enterprises and technology integrators.

For more information visit: www.encapsecurity.com