OTTAWA, October 15, 2009 - Validian Corporation, (OCTBB:VLDI), a world wide leader in the protection of digital assets is pleased to announce the commercial installation of its 'Validian Protect' product with three licensing agreements in the U.S., Canada and Asia.
Validian is on track for ten installations by year end which will produce a revenue stream for the Company. Several Beta installations for the product were completed in 2008. With the continued financial support of a number of existing shareholders, the commercial version of 'Validian Protect' was completed and became available in August 2009.
"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 eHealth, Government, Financial, Telecom and Entertainment industries. We are very excited to have started this commercial phase," commented CEO, Bruce Benn.
Validian has two sales channels: direct and partner sales. The Company supports its channel partner distribution system, leveraging the larger sales forces and established customer bases of Value Added Partners (VARs), Independent Software Vendors (ISUs), System Integrators (SIs), and Original Equipment Manufacturers (OEMs).
"Validian recognizes that digital assets require varying levels and forms of protection, depending upon the nature of the business solution and of the information itself. Regardless, Validian provides the solutions for preventing hacking, theft and improper access of valuable Digital Information," continued CEO, Bruce Benn noting economic losses associated with theft of Digital Information by hackers and insiders exceeded $1 Trillion in 2008, (BBC News, February 11, 2009).
About Validian
Validian Corporation, (OTCCBB VLDI), is 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 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 has the only technology that enables IT managers to change on demand encryption algorithms, keys, key life time and level of compression and to distribute these automatically, immediately and transparently to all end points without having to re-develop or re-install the software. Validian is a U.S. public company with offices in the U.S. and Canada
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