OTTAWA, August 13, 2015 - Validian Corporation, a leading innovator in cyber-security technology, is pleased to announce its partnership with Requiem Software Labs Texas, Inc. to collaborate with major companies in the mobile sector to develop secure mobile applications for the government, business and consumer markets.
"We are excited by the potential of Validian's technology to fuel the rapid development, deployment and management of large numbers of secure mobile and non-mobile applications, which can drive both the sales of specific mobile operating systems and makes of smart mobile devices and the growth of mobile advertising revenue of Validian's partners," commented Colin Woodworth, President & CEO of Requiem Software.
There are more than 2 billion smartphones and tablets accessing mobile applications and web applications on mobile devices and on non-mobile devices (servers, desktop and laptop computers). The total annual revenues generated from the sales of smartphones increased from $56.9 billion in 2009 to more than $272 billion by 2015 (Statista, May 2015). Each one per cent of this market is now worth more than $2.7 billion in annual revenue. Total global annual revenue generated from mobile advertising is projected to grow from $26 billion in 2015 to over $68 billion in 2017 (ZenithOptimedia, March 2015). Accordingly, each one per cent of this market will grow from $260 million per year to more than $680 million per year in revenue.
"Mobile applications drive the sales of smart mobile devices, which drives the growth of mobile advertising revenue. However, the market for non-secure mobile applications has been declining since 2012 and the lack of technology for developing secure mobile applications, let alone rapidly, is the reason why large numbers of secure mobile applications have not materialized yet," commented Bruce Benn, Chief Executive Officer of Validian Corporation. "Our recently released core technology, ValidianProtect version 3.1 for Mobile, is uniquely positioned as a go-to technology that can be exploited by companies in the mobile sector to increase their market share as well as generate billions of dollars in additional annual revenue. Requiem Software is well positioned to lead our collaboration with those mobile companies."
About Requiem Software Labs Texas Inc.
With a combination of technical and artistic expertise, Requiem Software is the leading provider in applications for Android devices, providing mobile entertainment and application technologies in 46 countries around the world, in partnership with Google, Microsoft, Apple, Amazon, Facebook, T-Mobile and NetFlix. See www.requiemsoftwarelabs.com for more information.
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt and storage of digital information on mobile and non-mobile devices, servers, data bases and memory both at rest and in transit using wired, wireless and mobile networks. Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com for more information on its digital asset solutions.
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Safe Harbor Statement
Investors should carefully consider the preceding information as well as information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statement", which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters contitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
Bruce Benn, CEO and President
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