OTTAWA, Nov. 11, 2010 (GLOBE NEWSWIRE) -- Validian Corporation, (OTCBB:VLDI), a developer of world class software based solutions for policy management and protection of digital information, data and assets, is pleased to announce it is poised for the recent upturn in the technology markets.
Global Analysts Inc. ("Global Report on Information Security Products & Services Market" - October 2010) reported that during the recent market downturn, cybercrime has witnessed a considerable rise due to the decreased focus of enterprises on computer and cyber security coupled with the growing desperation of people to generate quick income. Global Industry Analysts Inc. further stated that the Information Security Products & Services market is expected to grow from $75 Billion in 2010 to $125 Billion in 2015, as enterprises, government institutions and consumers seek solutions for countering the increasing frequency and intensity of cyber threats and malicious attacks. The demand for security products and services is also driven by the need for enterprises to comply with various industry or government mandates.
The GAI report goes on to say, "The market for security & vulnerability management products is expected to witness fastest growth among all information security software segments. Email security and SIEM (Security Information and Event Management) segments offered the maximum growth opportunity for the market, while enterprise anti-virus and WAM (Web Access Management) segments grew at a relatively slower growth rate."
Validian has been very active developing new innovative products, as well as undertaking beta and some commercial installations during the recent economic downturn. The Validian suite of products is tailored to the security and vulnerability management category noted above by Global Analysts Inc.
Now that the upturn has started, Validian is seeing traction in sales from its Validian Sales Opportunities pipeline, one of which was announced on November 9, 2010.
About Validian Corporation
Validian Corporation, (OTCBB: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.
Visit for more information on its digital asset solutions.
The Validian Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8287
Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
CONTACT: Validian Corporation Bruce Benn, President 516-301-6634 bbenn@capitalhouse.ca Lexxus Capital Investor Relations Contact: Gary Robinson 212-994-9877 gr@lexxuscapital.com