Wednesday, December 17, 2014

Ecrypt Technologies, Inc. (ECRY) Building Momentum Off Recent Collaboration

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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