Pitney Bowes Launches SecLingua to Bring Security Technology to Healthcare
Veteran Entrepreneur Matthew Smith to serve as President & CEO
STAMFORD, Conn., December 06, 2012 - 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.
Smith’s healthcare experiences also include co-authoring the first federally funded HMO feasibility study, and participating in healthcare ventures with GTE New Ventures Corporation. He held increasingly responsible management positions with major medical firms, such as Technicon Corporation, American Hospital Supply Corporation and National Patent Development Corporation, where he served as president of its Acme-Chaston subsidiary.
Smith’s credentials as an entrepreneur include: co-founder of CompreMedx Cancer Centers Corporation, co-owner of Kramex Corporation, and co-owner of privately-held New World Healthcare Solutions, Inc. an executive recruiting and online medical education company for the healthcare industry. He also assisted in the turnaround and sale of Medical Sterilization, Inc. In addition, he co-founded Health Excel Management, Inc., and turned around and sold venture-backed HelpMate Robotics, Inc.
Smith has served on the Board of Directors of selected non-profit organizations such as the Connecticut Venture Group (CVG), the Hamden (CT) Chamber of Commerce and the Long Ridge Club, Inc. Smith has been on the faculty of the Albert Einstein College of Medicine of Yeshiva University and Quinnipiac University School of Business and served as the first Executive Director of the Q.U. Entrepreneurship and Small Business Management Institute. Smith was an Adjunct Professor of Marketing and Management at LIM College in New York City, and he holds a BA in Psychology (1970) and an MBA with academic honors (1972) from Boston University.
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. The company’s solutions for financial services, healthcare, legal, nonprofit, public sector and retail organizations are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes is the only firm that includes direct mail, transactional mail, call centers and in-store technologies in its solution mix along with digital channels such as the Web, email, live chat and mobile applications. Pitney Bowes is a $5.3 billion company with 29,000 employees worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com
About SecLingua, Inc.
SecLingua, Inc. is a privately held corporation based in Shelton, CT that will provide healthcare security information technology under a licensing agreement with Pitney Bowes for its’ Secured Evidence Platform (SEP). Industry sectors that will utilize this state-of-the-art, embedded security technology range from pharmaceutical and instrumentation/equipment manufacturers to service provider organizations such as physician offices, ambulatory care and inpatient facilities and healthcare insurers and third-party payers. The Company is characterized as a developmental stage enterprise with a sole, worldwide license to a unique and differentiated technology. www.SecLingua.com