Cloakware Debuts Award-Winning Enterprise Security Product across Europe.

Industry Leading Technology Meets Global Need for Password Protection

LONDON -- Cloakware Inc., the security solutions provider that makes security inseparable from software, today announced the European introduction of Cloakware Server Password Manager (CSPM).

CSPM will now be offered alongside the Cloakware Security Suite and Cloakware Robustness Solutions in Europe. This international expansion builds upon CSPM's early success in North America with major financial services companies and federal agencies. CSPM provides a commercial solution for organizations to manage their privileged passwords - which control every operating system, software application and network device. This greatly reduces the cost, risk and pain of a process that most organizations perform manually, whilst increasing security and meeting compliance requirements.

"In this day and age, threats to a company's data security are unfortunately coming from both within and outside of company walls. Organizations therefore need a security solution that is inseparable from that which it protects, and both the Cloakware Security Suite and CSPM deliver upon that need," said David Canellos, executive vice president of worldwide sales. "The European market presents Cloakware with another excellent opportunity to deliver the value of a proactive defense against potential security breaches."

With the launch of CSPM in Europe, enterprise IT organizations can manage privileged passwords in addition to eliminating the threat resulting from hard-coded passwords in applications. CSPM guards against insider security threats by eliminating the need to share passwords with developers as well as the need to maintain and re-deploy applications due to a simple password change. It synchronizes unattended passwords in the data center and mitigates the risk of server outages due to password changes.

Leading device manufacturers, semiconductor and telecommunications companies worldwide already trust Cloakware Security Suite and Cloakware Robustness Solutions to defend their applications against hackers. Cloakware Security Suite is a collection of automated tools that protects application code against reverse engineering, tampering attacks and automated attacks. Cloakware Robustness Solutions help implement content protection standards to get to market faster and more securely.

To learn more about the Cloakware Security Suite, Cloakware Server Password Manager, Cloakware Robustness Solutions or their expanded European availability, please visit: http://www.cloakware.com.

About Cloakware

Cloakware is the security solutions provider that makes security inseparable from the software it protects. From applications and databases deep inside corporations, to consumer devices like music players, to military weapon systems, more and more software applications need to protect themselves from unauthorized user access and tampering. Only Cloakware's patented, layered, and compliance-driven approach to software self-protection delivers the trusted environment that the government, enterprise, and consumer markets require. As a result, Cloakware solutions are on more than 500 million devices, protecting the assets of some of the world's largest, most recognizable and technologically advanced companies. The company is headquartered in Vienna, Va., has offices in Ottawa, Canada and the UK, and regional sales offices throughout the US.