GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), the leader in Swiss hosted cybersecurity and Internet privacy solutions for secure data management and secure communications, has signed its second distribution agreement in the Commonwealth of The Bahamas.
The agreement, signed with Prime Technology Services Ltd. of Nassau, Bahamas, comes as the company is increasing its footprint in anticipation of its Sekur solution launch. Prime Technology Solutions was introduced to GlobeX by its Exclusive Master Distributor, Sebastian Alliance Group LLC.
In a statement, Alain Ghiai, CEO of GlobeX Data said: "We are very pleased to have signed up Prime Technology Services as we are expanding our footprint in the Bahamas. The Bahamas is one of the world's most important financial centers and it is important for GlobeX to be present and offer our secure communications and data protection solutions to financial institutions and other data-sensitive businesses and government institutions.”
He added: ”Recently, we have been honored with the prestigious distinction of 50 Best Companies to Watch 2020 by The Silicon Review and this is a testament to our relentless efforts to achieve technological excellence and our dedication to provide the best solutions for security and privacy of data and communications.
“We are excited to bring this technology to The Bahamas and we will continue to work hard in order to implement our prime directive, which is to protect the data and communications of all our subscribers.”
GlobeX's Data privacy solutions are all hosted in Switzerland, protecting users' data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution.
The Federal Act on Data Protection of June 19, 1992 (in force since 1993) has set up a strict protection of privacy by prohibiting virtually any processing of personal data which is not expressly authorized by the data subjects. The protection is subject to the authority of the Federal Data Protection and Information Commissioner.
Under Swiss federal law, it is a crime to publish information based on leaked "secret official discussions." In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved.
GlobeX Data distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools to consumers, businesses and governments worldwide.
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