Monday, 23 March 2009

Elephant Talk to Acquire Controlling Interest in ValidSoft Limited – The Netherlands

Elephant Talk Communications, an international telecom and multimedia content distributor operating as an MVNE in The Netherlands, has announced that it has entered into a letter of intent to acquire a controlling interest in ValidSoft Limited.

ValidSoft provides a real-time, cost effective solution for banks, online buyers and regulatory agencies in securing all financial transactions, while greatly reducing operational costs.

Steven van der Velden, Chief Executive Officer of Elephant Talk Communications, commented: “ValidSoft’s software, in combination with our telecommunications network infrastructure, can greatly reduce fraud thus save banking institutions and governments billions of dollars in the immediate future.”