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ValidSoft Appoints A Chief Product Officer

LONDON, Feb. 18, 2014 /PRNewswire/ -- ValidSoft ( www.validsoft.com), a global supplier of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions, has appointed Adrian Kelly as Chief Product Officer. This is the first senior appointment by Paul Burmester, who joined as ValidSoft's new CEO in November 2013, as he strengthens the management team with the experience and skills required to lead ValidSoft through its next phase of growth.

(Logo: http://photos.prnewswire.com/prnh/20120917/MM75872LOGO)(Logo: http://photos.prnewswire.com/prnh/20120917/MM75492LOGO)

Mr. Kelly brings over 20 years of experience, accelerating growth in technology businesses from start-ups to corporations, in a range of leadership roles focused on products and services. At ValidSoft, Mr. Kelly will lead Product and Development Teams, defining and executing product and services strategy, building on the existing wealth of intellectual property and the unique capabilities ValidSoft has already developed.

Previously, in his role as the Senior Vice President for Product Marketing and Solutions at SpinVox (now known as Nuance Communications  Inc.), Mr. Kelly led the product marketing and solutions team, defining innovative propositions and business models for this market leader in speech technology products and services. More recently, in his position as the Director of Products and Services at Sage Group plc, Mr. Kelly focused on developing and executing a strategy to migrate the product portfolio online and create a consistently intuitive and reliable user experience across the portfolio. Mr. Kelly consistently demonstrated his ability to increase revenues while leading three business units as the regional director for South America at LogicaCMG Telecoms (now known as CGI Group Inc.). As Senior Vice President at Airwide Solutions, Mr. Kelly was part of the leadership team that successfully led the sale of Airwide to Mavenir Systems, a global leader in IP communications.

Paul Burmester said: " Adrian Kelly has repeatedly proven his ability to positively impact leading edge technology companies, driving product, revenue and market share growth on a global stage.  His focus on developing and delivering market leading product offerings will be invaluable in building on and commercializing the best in class technology that ValidSoft has developed in recent years. Our enhanced product offerings and strategy, combined with a brand name that resonates globally as a leader and trusted advisor in addressing sophisticated fraud and authentication issues with our clients and partners, will play a key part in the next phase of our growth."

About ValidSoft:ValidSoft provides advanced mobile and cloud security solutions. ValidSoft's custom-built sophisticated multi-factor authentication platform (SMART™) takes full advantage of telecommunications and includes a leading proprietary voice biometric engine. The platform combats electronic fraud and safeguards consumer privacy across internet, mobile banking, card, mobile and fixed line telecommunication channels. ValidSoft counts some of the largest financial institutions among its customers. ValidSoft is the only security software company in the world that has been granted three European Privacy Seals. Visit: www.validsoft.com.

About Elephant Talk:Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a leading international provider of mobile proprietary Software Defined Network Architecture (Software DNA™) platforms for the telecommunications industry.  The company empowers Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite of applications, superior Industry Expertise and high quality Customer Service without substantial upfront investment. Elephant Talk counts several of the world's leading Mobile Operators amongst its customers, including Vodafone, T-Mobile, Zain and Iusacell. Visit: www.elephanttalk.com.

Media Contacts:

Investor Relations: Steve Gersten Elephant Talk Communications Corp.+ 1 813 926 8920 Steve.Gersten@validsoft.com

Thomas WalshAlliance Advisors+ 1 212 398 3486 twalsh@allianceadvisors.net

Public Relations: UK: Fishburn  +44 20 7839 4321 validsoft@thisisfishburn.com

US: Michael GlickmanMWG CO+1 917 596.1883 mike@mwco.net



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