Cloakware Partners With Digital Hands GmbH to Broaden European Market Presence



    Master Distributor Offers Password Management Solution to Network and
Security Customers

    VIENNA, VA., October 15 /CNW/ - Cloakware Inc., the security solutions
provider that makes security inseparable from software, announced today that
it has signed its first European-based partner, Digital Hands GmbH, a leading
German distributor specializing in network and security solutions. With this
agreement, Digital Hands will function as a master distributor of Cloakware's
Server Password Manager (CSPM) to organizations in the DACH countries
(Germany, Austria and Switzerland). Digital Hands will recruit additional
European-based Value-Added Resellers (VARs) to offer CSPM across multiple
vertical markets, including financial services, government, retail and energy.

    As a result of this new relationship, Cloakware strengthens its presence
in the European market while Digital Hands rounds out its portfolio of leading
security products with a proven Shared Account Password Management (SAPM)
solution. IT managers within many organizations struggle to control
administrator access to privileged passwords and eliminate passwords
hard-coded in applications. CSPM is the industry's first product to eliminate
risks associated with passwords hard-coded into applications that reside on
unattended servers. By automatically updating privileged and
application-to-application (A2A) passwords, CSPM provides IT managers with the
means to securely manage server IDs and passwords without having to
redistribute the passwords to developers or maintain the scripts that use
them, thus streamlining the entire ID management process and increasing data
center efficiency.

    "Digital Hands is committed to providing our customers and partners with
the best solutions on the market for meeting their network and security
needs," said Thomas Fink, managing director of Digital Hands. "Many of our
customers struggle to comply with ever-changing regulations that require some
level of password management. With CSPM, we are now able to offer these
customers a product that allows them to take control of the password
management process and ensure the security of their data centers. Having
already signed Defense AG as a VAR for CSPM, Cloakware's product clearly meets
an industry need."

    By offering CSPM, Digital Hands' partners and customers now have access
to a password management solution that allows organizations to achieve
identity management and authentication strategy and meet the latest regulatory
requirements. Additionally, CSPM enables IT managers to improve service
quality and performance and increase efficiency, resulting in significant cost
savings.

    "Through this partnership with Digital Hands, Cloakware will be able to
accelerate its expansion efforts in the European market," said David Canellos,
interim president of Cloakware. "Digital Hands' established customer base,
proficient sales staff and overall knowledge of the market will prove
invaluable as we grow our presence in this region."

    About Digital Hands GmbH

    Digital Hands GmbH is a Germany-based company that helps IT vendors,
especially in the security and networking areas, to sell and market their
products in Europe. The Service Portfolio reaches from Value Added
Distribution over marketing and PR to technical training and support. With
high-skilled, experienced employees and contacts to channel partners and end
customers all over Europe, Digital Hands offers fast market penetration and
sales success. For more information, please go to www.digital-hands.eu.

    About Cloakware

    Cloakware is the security solutions provider that makes security
inseparable from the software it protects. From applications and databases
deep inside corporations, to consumer devices like music players, to military
weapon systems, more and more software applications need to protect themselves
from unauthorized user access and tampering. Only Cloakware's patented,
layered, and compliance-driven approach to software self-protection delivers
the trusted environment that the government, enterprise, and consumer markets
require. As a result, Cloakware's software security solutions protect more
than one billion shipped applications and the assets of some of the world's
largest, most recognizable and technologically advanced companies. The company
is headquartered in Vienna, Va., has offices in Ottawa, Canada and the UK, and
regional sales offices throughout the US. For more information, please go to
www.cloakware.com.




For further information:

For further information: Cloakware Inc. Heather MacIntosh, +1
866-465-4517 x227 heather.macintosh@cloakware.com or Schwartz Communications,
Inc. Avi Dines/Katherine Hunter, 781-684-0770 cloakware@schwartz-pr.com

Organization Profile

CLOAKWARE INC.

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