Pitney Bowes Launches SecLingua To Bring Security Technology To Healthcare

Pitney Bowes Inc. (NYSE: PBI) today announced the launch of SecLingua Inc., a security technology company that will develop embedded security solutions for healthcare applications. SecLingua Inc. has worldwide rights to apply the Pitney Bowes Secure Evidencing Platform (SEP) in the wide variety of healthcare settings where data privacy, integrity, and secure payments are required. The SEP platform incorporates the same proprietary security technology that is used in all Pitney Bowes postage meters. This technology provides for extreme protection against physical, electronic, and software-based attacks and is trusted today to protect billions of dollars in postage transactions worldwide.

SecLingua will identify applications in multiple sectors of the healthcare market including instrumentation and equipment, pharmaceuticals, electronic medical records, healthcare provider services, and related government services and systems. The SEP technology provides highly secure, tamper-responding physical security along with a robust, extensively-tested and scalable management infrastructure. This unique combination will bring a new level of security and integrity to medical applications and enable new capabilities and revenue models. In addition to providing access to the SEP technology, SecLingua Inc. will provide system design and integration support to enable designers to take full advantage of a new level of security capabilities.

In announcing the formation of SecLingua and the affiliation with Pitney Bowes, Brian Romansky, director, new business opportunities for Pitney Bowes, stated “Our investment in healthcare information security technology marks a new format for Pitney Bowes in bringing a market-leading technology to a new field.”

Matthew Smith, of Stamford, Conn., will serve as President and CEO of SecLingua. Smith has a multifaceted range of healthcare experiences, notably in incubator and business startup environments. Smith served as an advisor to a Connecticut-based private equity/venture firm as well as the boards of several healthcare companies. Prior to his current activities, Smith was Managing Director, Investments, at Connecticut Innovations, Inc., in Rocky Hill.

If you liked this article you might like

The Pitney Bowes Transformation: Cramer's Top Takeaways

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Heaven Knows, I Like Pitney Bowes

Stocks Are Fighting Back: Cramer's 'Mad Money' Recap (Wednesday 8/9/17)

Southwest Airlines, Alibaba, Procter & Gamble, Clorox: 'Mad Money' Lightning Round