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Secure Transactions News

In-Q-Tel invests in CoreStreet

Thursday 3 April 2008

This agreement allows for development and enhancement of new converged security solutions, including breakthrough Card-Connected technology.

CoreStreet access control system leverages digital certificates on smart cards for stand-alone electronic locks. The Card-Connected system developed by CoreStreet allows the locks to authenticate digital credentials and enforce access policy without being networked. Log data is written to the card and uploaded later to a central management system, providing an auditable trail for access controls without have to wire the lock to the central system. The system uses strong encryption to protect data being exchanged by cards and physical access points. The advantage of the system is that not every lock has to be wired into a network to provide centrally managed control, lowering the cost and time of deployment. CoreStreet was founded in 2001, and is headquartered in Cambridge, Massachusetts, with regional offices in Washington, DC, and London. CoreStreet is involved in several government contracts such as the physical access control of the Pentagon (cf. Smart Insights #07-06) or US Department of Defense (DoD) validation system (cf. SI #07-15).

Launched by the CIA in 1999 as a private, independent organization, In-Q-Tel’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. In-Q-Tel concentrates on several broad commercial technology areas, including application software and analytics; communications and infrastructure; embedded systems and power; and bio, chemical, and nanotechnology. To date, In-Q-Tel has engaged with more than 100 companies and delivered more than 140 technology solutions to the Intelligence Community. In the field of Digital Identity and Security, In-Q-Tel has invested in 3VR Security, A4Vision, ArcSight, CoreStreet, Decru, Initiate Systems, Network Chemistry, and SRD.