Data security company GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF) announced Thursday that it had launched its DigitalSafe product in Mexico with its partner Telcel, a leading telecommunications company in the country.
As part of a suite of products that offer users a higher level of data security, GlobeX’s DigitalSafe is an encrypted password manager, secure data backup, file sharing and email platform.
The Vancouver-based company has a portfolio cloud-based storage, document management and collaboration, encrypted emails and secure communication tools. Data is stored in Switzerland, home to some of the strongest privacy protection laws in the world.
GlobeX signed a reseller licence agreement in May 2018 with Sercotel, a wholly-owned subsidiary of America Movil SAB de CV. As an affiliate of Sercotel, Telcel is able to licence the product to its nearly 76 million subscribers.
Telcel and GlobeX celebrated the launch of DigitalSafe at the FORO Telcel Empresas 2019 event held in Mexico City.
"The team at GlobeX Data is very pleased to work alongside Telcel in Mexico,” said Alain Ghaiai, CEO of GlobeX. “We are now training Telcel's corporate sales executives and going through the processes established by Telcel in order to have a steady and growing number of subscribers benefiting from our products.”
DigitalSafe has been fully integrated with Telcel's billing and provisioning system, facilitating sales, Ghiai told investors. A local team is present in Mexico to assist in sales support and marketing.
The data company is also planning to implement PrivaTalk, its secure communications suite, into the Telcel provisioning and billing system by early 2020.
“With cybersecurity risks growing in Mexico, and with the recent news of certain popular social media chat and voice applications being recorded and transcribed, we have seen an immediate need for PrivaTalk with Telcel's client base,” Ghiai said in a statement.
“Cybersecurity is an issue that concerns all consumers, businesses and governments alike and we are here to better prepare Telcel's client base against such risks.”
Shares of GlobeX Data were trading on the Canadian Securities Exchange at C$0.20 on Thursday morning.
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