Canadian-based Validian Corp. has first-to-market technology that provides secure access, transfer and storage of digital information on wired, wireless or mobile networks over the internet. The company’s customizable solutions ensure end-to-end authenticity, integrity and custody of high-value digital assets.
The company today announced the commercial installation of its ‘Validian Protect’ product with three licensing agreements in Asia, Canada and the United States. Validian also reported that it is on track for ten installations by year-end which will produce a revenue stream for the company.
This is quite a good start for the ‘Validian Protect’ product which only became available in August 2009. One key selling point for the company’s product is its ability to be customized for each customer. Validian recognizes that digital assets require varying levels and forms of protection, depending upon the nature of the business and of the digital information itself.
Validian should find a ready market for their product to protect valuable digital information from hacking, theft and improper access. According to a report by the BBC earlier this year, economic losses associated with theft of digital information by hackers and insiders exceeded $1 trillion in 2008!
Validian CEO Bruce Benn commented on the company’s future, “These licensing agreements validate support for our digital asset technology solutions. These initial licenses are just the beginning of those to be generated from our growing sales pipeline for customers in the e-health, government, financial, telecom and entertainment industries.”