HERZLIYA, Israel, November 2, 2016 /PRNewswire/ --
SuperCom (SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors announced today that its subsidiary Safend, a data protection and cybersecurity company, received two significant orders totaling over $500,000 in new sales.
Safend provides enterprise organizations a broad range of competitive and well-known encryption and data protection solutions. The new orders represent license fees for 40,000 new seats, and an initial recurring maintenance fee term of more than one year. SuperCom expects that the initial license fulfillment will be completed by the end of November 2016.
"These two large and recent awards highlight the momentum we are seeing in the market and support the confidence large enterprise organizations have in Safend's industry leading solutions," commented Arie Trabelsi, SuperCom's President and CEO. "Since closing our acquisition of Safend in March of this year, we have advanced integration efforts and further strengthened the company's sales channels to reach a larger global market. We are encouraged by Safend's recent wins and are optimistic about our prospects in the encryption and data protection market based on our growing pipeline of new opportunities."
The two recent awards were secured from large enterprises and represent initial orders that provide the potential for additional license sales over time. One of the customers who ordered Safend licenses has over 40,000 additional seats available company-wide, and discussions for an expanded rollout are advancing.
Since the acquisition, Safend's bookings have reached an annual run rate of more $3 million per year and have been increasing sequentially by more than 20% on quarter over quarter basis.
Safend is a leading developer of information security solutions for organizations that provide extensive protection of sensitive corporate information found in the computers of the organization. Safend's product suite includes encryption of computer drives, removable storage devices and CD / DVD precise control over the physical and wireless ports and devices connected to them, and control and supervision of the placement and transfer of sensitive content. These capabilities enable customers of Safend to comply with regulatory mandates and to protect their corporate data without sacrificing efficiency and productivity of the organization. Safend has sold more than 3 million licenses for its products to over 3,000 customers worldwide. The company's solutions are embedded in international companies, government agencies and many other organizations around the world. For more information on Safend and its products: http://www.safend.net
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
SuperCom's website: http://www.supercom.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
Investor Relations Contacts:
Brett Maas / Rob Fink
+1-(646)-536-7331 / +1-(646)-415-8972
email@example.com / firstname.lastname@example.org
Ordan Trabelsi, President Americas