Ecrypt
Technologies has been building momentum for its Ecrypt One e-mail security
software, and the recent collaboration announcement with Cicada Security
Technology sent its stock up to a 52-week high north of 30 cents a share. It
has since backed off, but the collaboration with Cicada is still in place and
is expected to create a disruption in the cybersecurity space.
While
Ecrypt Technologies is moving forward with its e-mail encryption and security
software called Ecrypt One, the company recently announced the alliance with
Cicada Security Technology to provide an additional vehicle to expand eCrypt’s
technology across more channels.
Cicada
Security Technology has Cicada II, which not only protects systems logically
but also does it physically as well, defending against any tampers or hacks by
sending out an alarm in the vicinity of the problem and then shutting down access
to all networks and servers until the issue is addressed.
And with
Ecrypt Technologies signing on to be a distributor and seller of Cicada
products, this can be an opportunity for Ecrypt to use Cicada’s products to
forward its Ecrypt One technology as a top secure-email platform for
enterprise, government and military communications, and Cicada can rely on
Ecrypt’s distribution channels and e-mail encryption software to add yet
another level of security to Cicada’s products. This could create a definite
win-win opportunity for both companies.
While
Ecrypt Technologies stock has come back off its high, there is still an
opportunity for growth as the collaboration with Cicada Security Technology
starts to take hold in the coming weeks and months. With recent hacking attacks
making the news, physical and logical security of computer systems and networks
are become more and more important, and Ecrypt and Cicada are working together
to stay one step ahead.
For more
information, visit www.ecryptinc.com
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