GlobeX Data Ltd (CSE:SWIS) (OTCMKTS:SWISF), a provider of cybersecurity platforms, announced Monday the signing of a new reseller in New Zealand, Fiji and the South Pacific Islands for its cybersecurity and secure communications, and data management cloud services.
In a statement, the company said DigitalSafe, PrivaTalk, Custodia and Sekur — GlobeX's latest service geared for executives and high net-worth individuals and C level executives and government high ranking officials — will be launched in the second quarter of 2020.
The company said it has signed a three-year exclusive agreement for Fiji and the Pacific Islands and a three-year non-exclusive agreement for New Zealand with Solace Data Management Group Limited (SDMG) to resell all its cybersecurity and secure communications and secure data management cloud services.
SDMG's principals have decades of experience and business relations in the South Pacific Islands and New Zealand and plan to launch GlobeX's services by April 2020. The targeted industries will be financial services, legal services, large conglomerates, telecom operators and government entities.
GlobeX said the deal could represent up to US$2.5 million a year in revenue — assuming 25,000 users of GlobeX's basic secure email services only, in a population of close to 7 million in the region. This would be for the private sector only, as the government sector would increase these estimates dramatically.
"Interest in our cybersecurity, secure communications and secure data management services continues to increase in emerging markets. The financial industry in the region of Fiji and the South Pacific Islands, as in many other regions, is in need of secure solutions such as secure data protection and secure communications, such as secure email and messaging,” said CEO Alain Ghiai.
“The financial industry represents almost a third of all cyber-attacks globally and there is an urgent need to protect the billions of dollars in transactions occurring on a daily basis. GlobeX is here to help mitigate those risks to the best of our ability, and we are very keen to deploy our services to this very underserved region when it comes to cybersecurity."
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