Validian Poised For Upturn In The Information Technology Markets
OTTAWA, Nov. 11, 2010 (GLOBE NEWSWIRE) -- Validian Corporation, (OTCBB:VLDI), a developer of world class software based solutions for policy management and protection of digital information, data and assets, is pleased to announce it is poised for the recent upturn in the technology markets.
Global Analysts Inc. ("Global Report on Information Security Products & Services Market" - October 2010) reported that during the recent market downturn, cybercrime has witnessed a considerable rise due to the decreased focus of enterprises on computer and cyber security coupled with the growing desperation of people to generate quick income. Global Industry Analysts Inc. further stated that the Information Security Products & Services market is expected to grow from $75 Billion in 2010 to $125 Billion in 2015, as enterprises, government institutions and consumers seek solutions for countering the increasing frequency and intensity of cyber threats and malicious attacks. The demand for security products and services is also driven by the need for enterprises to comply with various industry or government mandates.
The GAI report goes on to say, "The market for security & vulnerability management products is expected to witness fastest growth among all information security software segments. Email security and SIEM (Security Information and Event Management) segments offered the maximum growth opportunity for the market, while enterprise anti-virus and WAM (Web Access Management) segments grew at a relatively slower growth rate."Validian has been very active developing new innovative products, as well as undertaking beta and some commercial installations during the recent economic downturn. The Validian suite of products is tailored to the security and vulnerability management category noted above by Global Analysts Inc. Now that the upturn has started, Validian is seeing traction in sales from its Validian Sales Opportunities pipeline, one of which was announced on November 9, 2010.
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