OTTAWA, Ontario, July 27, 2016 /PRNewswire/ --
Through Q1 & Q2, 2016, Validian, with its channel partners, has built and continues to grow an extensive sales pipeline starting with specifically targeted leads that are established customers, partners or relationships of our channel partners. Through the exchange of marketing and technical documentation, discussions, meetings, installations, demonstrations and testing, our channel partners have evolved these leads into prospects that are interested in Validian's technology and proceeding further with the development of business relationships with Validian. Many of these prospects continue to evolve into qualified prospects who at that stage are very serious about licensing, implementing and deploying Validian's technology. Validian and its channel partners are obtaining success and traction in turning leads into prospects and then into qualified prospects because Validian meets a number of immediate needs for cyber security as well as for differentiating features and capabilities that are neither solvable nor achievable using any other combination of technologies, and certainly not at the speed and low cost of implementation afforded by Validian.
Validian's growing sales pipeline covers a number of market sectors:
- Mobile Messaging
- Social Media
- Mobile Apps and Mobile Communications
- Cloud Apps, Cloud Communications and Cloud Storage
- Banking & Finance
- Military & Defense
Bruce Benn, Chief Executive Officer of Validian, commented on the Company's progress and recent developments:
"We understand that many shareholders are eagerly awaiting the announcement of Validian's first deal. However, it is essential to sustainable growth and commercial roll out that Validian spent the past six months arranging, structuring and implementing the ability to scale quickly over one to a few weeks, not in 6 to 12 months, to large, requisite numbers of skilled personnel that will provide a full range of technical services and assistance in the areas of:
- solution architects for engineering analyses, architecture and design covering each of the above market sectors;
- developers with expertise covering all multiple operating systems and platforms for coding and implementation;
- systems integrators that already service these qualified prospects;
- first and second levels of technical support; and
- operations when needed.
Closing a substantial financial round in June was critical to cementing these requisite abilities of support in place. Now, the company is adequately positioned to accommodate large-scale requests from qualified prospects, many of whom have hundreds of millions of end users and/or application endpoints. We are very pleased with Validian's traction. Having started scheduling in July, the company is now proceeding with more than 10 qualified prospects, comprising large to major companies, during August and September and we already are booking more for October.
In closing, 2016 continues to be a significant year full of key developments in sales, in cash flow and in revenue that we have all been patiently waiting for."
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt and storage of digital information on mobile and non-mobile applications, devices, servers, data bases and memory both at rest and in transit using wired, wireless and mobile networks. Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit http://www.Validian.com for more information on its digital asset solutions.
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SOURCE Validian Corp.