NEWPORT BEACH, Calif., July 26, 2013 /PRNewswire/ -- Cloud Security Corporation, (OTCBB: CLDS) a Nevada corporation specializing in security technology for cloud computing, today discussed increasing demand for cybersecurity products focused on solutions for the growing threat to cloud computing and mobile security.
Safa Movassaghi, President and CEO of Cloud Security Corporation, stated, "The acquisition of Sourcefire by Cisco for $2.7 Billion is another clear signal that cybersecurity continues to be one of the fastest growing sectors in the economy. Companies are willing to pay a premium to acquire security technology to address the growing reliance on mobile technology, increasing use of cloud computing and the rapidly evolving sophistication of cybercrime."
Cloud Security Corporation continues to develop and produce cybersecurity technology that creates secure connectivity solutions. The Company is focusing on secure remote access, online app security and secure IP to IP connectivity focusing on cloud computing.
About Cloud Security Corporation
Cloud Security Corporation is an innovative cloud computing company that creates security, technology, and products. The Company develops products in the remote-access computing sector including enhanced security connections. Cloud Security Corporation has developed patent-protected remote access security devices such as MyComputerKey™. The Company also develops online application security products and is expanding into other verticals.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE Cloud Security Corporation