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Entersekt executives chosen as Endeavor Entrepreneurs


Cape Town, 19 Oct 2015

Leading authentication provider, Entersekt, today announced its CEO, Schalk Nolte, and co-founder and vice-president of business development, Dewald Nolte, have been selected as Endeavor Entrepreneurs at the 61st Endeavor International Selection Panel, held from 5 to 7 October in Marrakech, Morocco. They were among 24 entrepreneurs chosen at the event, leaders of 18 companies from 10 countries.

Endeavor is a non-profit organisation headquartered in New York City. Its aim is to foster long-term, sustainable growth in emerging economies worldwide by identifying and mentoring the most innovative and dynamic young organisations these countries have to offer. Endeavor now supports 1 160 high-impact entrepreneurs from 735 companies in 24 countries.

The culmination of a 12- to 18-month search and selection process, the Endeavor International Selection Panel (ISP) involves two-and-a-half days of interviews between Endeavor candidates and a judging panel of six distinguished business leaders from around the world. In order to be chosen at the ISP, entrepreneurs must receive votes from all the panellists.

"We are delighted to have Schalk and Dewald of Entersekt join the Endeavor network in Cape Town," said Deanne Friis-Smith, portfolio manager, entrepreneur services at Endeavor South Africa. "They make a wonderful addition to our growing portfolio of high-impact entrepreneurs and are already great ambassadors for entrepreneurship in South Africa."

Established in 2008 by four engineering graduates from the University of Stellenbosch, Entersekt now has offices in Atlanta, Amsterdam, and Johannesburg, in addition to its headquarters in the winelands outside Cape Town. Four out of the top six South African financial institutions use Entersekt's mobile-based authentication technology to help secure their customers' online and mobile banking accounts. The company aims to cover 100% of the South African market by 2017.

"Entersekt proudly flew the flag for Silicon Cape at this fantastic event," said Schalk Nolte. "We now count nine Endeavor Entrepreneurs in the greater Cape Town technology scene, which testifies to the energy, talent, and creativity we have here in our beautiful corner of the world."

Dewald Nolte added: "As Entersekt expands into parts of the world we have not touched, we hope to gain insight from our peers within this outstanding organisation, men and women with an intimate knowledge of the challenges and opportunities on the ground there. Becoming members of this remarkable group of business leaders is truly humbling."

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Endeavor South Africa

Endeavor's South Africa affiliate was incorporated in June 2004. Over the last 10 years, it has identified and supported more than 60 high-growth entrepreneurs, selected at the Endeavor International Selection Panels. It has additionally developed a unique Excelerator programme, which works with black-owned businesses. The programme applies Endeavor's global best practices to earlier-stage businesses that have the potential to become high-growth companies within a defined timeframe.

Entersekt

Entersekt is an innovative pioneer in transaction authentication. The company's one-of-a-kind approach combines the power of electronic certificate technology (PKI) with the convenience of mobile phones and encrypted cloud messaging to provide financial institutions and their customers with full protection from online banking fraud. With its patented security products authenticating millions of transactions globally, none of Entersekt's clients have experienced a successful phishing attack on their systems since implementing the company's technology. Financial institutions worldwide look to Entersekt to strengthen the all-important bond of trust they share with their customers, and to build on those relationships by introducing increasingly innovative mobile and online banking services. For more information on Entersekt, visit www.entersekt.com.

Editorial contacts

Jeanne Maartens
Entersekt
(+27) 21 815 2800