IT-security company Oy Protect Data Ab, the Finnish subsidiary of
Protect Data, has formed a group licence agreement with Nokia for the
delivery of IT security software Pointsec. Nokia is to protect most of
the personal computers within the group with Pointsec. The order runs
over four years as a rental agreement and is worth at least 20 MSEK, and
with a positive outcome up to 40 MSEK.
Nokia will change to Pointsec from the security system currently being
used and the company will pay licence fees and support charges as and
when the software program is installed in the group's computers.
Remuneration will be paid on an annual basis and Protect Data's earnings
can therefore be expected to grow exponentially, reaching their highest
point at the end of the period of the agreement. The agreement will run
up to and including 2004 with the possibility of an extension to this
Pointsec, an IT security system developed by the Protect Data subsidiary
Pointsec Mobile Technologies, protects all information in portable and
stationary computers. Only users inputting the correct identity and
password can gain access to information on the computers. Pointsec has
been developed to meet the needs of large companies and organisations
and has been adapted to allow for smooth and easy installation and
centralised administration across a network.
"This is an important order for us. IT and telecommunications are among
our prioritised target groups and we have signed similar agreements with
leading companies in the industry. This agreement will consolidate our
position in this segment, says Thomas Bill, president of Pointsec Mobile
Other clients using Pointsec products include Telia, SEB, Cap Gemini,
Volvo and the US Department of Justice. Pointsec Mobile Technologies
also develops security systems for mobile terminals, such as palmtop
computers and smart telephones.
For further information, please contact:
Thomas Bill, President, Pointsec Mobile Technologies AB,
tel. +46 (0)8-459 54 95 or +46 (0)70-542 62 71
Magnus Ahlberg - Pointsec Mobile Technologies Ltd
Tel. 01223 451 023
Pointsec Mobile Technologies AB is a wholly-owned subsidiary of the
Swedish company Protect Data AB. The company develops and markets access
control and encryption systems for desk-top and portable computers,
palmtop computers, smart phones etc. Pointsec Mobile Technologies has 42
employees and offices in San Francisco, New York and Chicago in the US,
in Cambridge in the UK as well as in Stockholm and Sundsvall in Sweden.
Visit our website at: www.pointsec.com.
Protect Data AB is a Group that offers IT security solutions for major
companies and organizations. The company offers, access control and
encryption systems for PCs and smart phones, anti-virus systems,
firewalls, user identification systems, secure VPNs, content control and
systems for secure transactions. The subsidiary Protect Data Konsult
tailors security solutions, which increase clients' competitiveness and
business. Protect Data is the market leader in its business area in the
Nordic region and has subsidiaries in Sweden, Norway, Finland, Denmark,
Slovakia, the UK and the USA. Protect Data has 170 employees and is
listed on the Stockholm Stock Exchange Attract 40-list. Visit our
website at: www.protectdata.com.
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