OTTAWA, March 18, 2014 (GLOBE NEWSWIRE) -- Validian Corp. (OTCQB:VLDI), first-to-market with next generation cyber security technology that provides secure access of critical applications and secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, today is pleased to provide an update on the commercial roll out of the first series of Validian-enabled enterprise applications.
In Q4 2013, Validian announced a series of installations of the latest version of Validian's core cyber security technology platform. This strategy was designed to allow certain Validian customers and channel partners the opportunity to evaluate and to validate the Company's technology and to develop a plan for roll out through their respective organizations. The usage and testing of Validian's technology through this process identified a number of bugs that needed to be fixed, which Validian's development team has undertaken in the current quarter.
Collaboration during the evaluation process led to these customers and channel partners deciding on initially Validian-enabling several existing, enterprise applications deployed in the Public Safety and Defense sectors. The first application has been selected to demonstrate to all Validian's ease of integration, as well as its unique capabilities of Intrusion Prevention and Dynamic Policy Management by securing peer-to-peer instant messaging and file transfer functions.It is expected that Validian-enabling, testing and deployment of this first application will be started and completed in April 2014, which then will be followed by Validian-enabling, testing and deploying the remaining commercial applications identified to date. In the meantime, Validian is already arranging the next series of installations at new customers and channel partners. Bruce Benn, Validian President and CEO, commented, "We are extremely excited to embark on this integration and deployment, and look forward to seeing the true value of our next generation cyber security technology come to fruition in the marketplace. Installations lead to the integration and deployment of Validian-enabled applications. The deployment of Validian-enabled applications leads to our growth via end-points and revenue, which is where we will see true increases in shareholder value."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV