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Proginet Corporation Secures Major Financial Services Customer with Password Management Software

Strategic Insights

— 1 min read

Proginet Corporation, a leading software developer, has announced that a major financial services company with a valuation of over $200 billion has selected their SecurPass password management software to ensure optimal ongoing password security across its enterprise. The license includes user expansion to cover future corporate staff and acquisitions. SecurPass is a security administration application that manages one password for each user across all systems, supporting various enterprise components from leading technology companies such as Microsoft, IBM, Novell, Sun, and Hewlett-Packard. The unnamed customer expects SecurPass to significantly reduce operating costs and increase staff productivity.

Key Takeaways:

  • Proginet Corporation's SecurPass password management software has been selected by a $200 billion-plus financial services company to ensure optimal ongoing password security.
  • The license includes user expansion to cover future corporate staff and acquisitions.
  • SecurPass is a security administration application that manages one password for each user across all systems, supporting various enterprise components from Microsoft, IBM, Novell, Sun, and Hewlett-Packard.
  • The customer expects SecurPass to significantly decrease operating costs and increase staff productivity.
  • Proginet Corporation develops software that integrates products from major technology companies, making their software industry-leading and widely used by the world's largest corporations and government agencies.
  • Proginet has distributors throughout the world and is listed on the Canadian Venture Exchange.

Statistics:

  • $200 billion-plus valuation of the financial services company that selected Proginet's SecurPass software.
  • Number of enterprise components supported by SecurPass: 5 (Microsoft, IBM, Novell, Sun, and Hewlett-Packard).
  • Expected benefits from using SecurPass: significant decrease in operating costs and increase in staff productivity.
  • Number of customers that use industry-leading software by Proginet: many of the world's largest corporations and government agencies.

Sources:

  • Business Editors, GARDEN CITY, N.Y.--(BUSINESS WIRE)--Jan. 6, 2000
  • Proginet Corporation (VSE:PRFu.V, CDNX: PRF.U) press release, January 6, 2000.

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