Cloakware Partners With Digital Hands GmbH to Broaden European Market Presence.

Master Distributor Offers Password Management Solution to Network and Security Customers

VIENNA, Va. -- Cloakware Inc., the security solutions provider that makes security inseparable from software, announced today that it has signed its first European-based partner, Digital Hands GmbH, a leading German distributor specializing in network and security solutions. With this agreement, Digital Hands will function as a master distributor of Cloakware's Server Password Manager (CSPM) to organizations in the DACH countries (Germany, Austria and Switzerland). Digital Hands will recruit additional European-based Value-Added Resellers (VARs) to offer CSPM across multiple vertical markets, including financial services, government, retail and energy.

As a result of this new relationship, Cloakware strengthens its presence in the European market while Digital Hands rounds out its portfolio of leading security products with a proven Shared Account Password Management (SAPM) solution. IT managers within many organizations struggle to control administrator access to privileged passwords and eliminate passwords hard-coded in applications. CSPM is the industry's first product to eliminate risks associated with passwords hard-coded into applications that reside on unattended servers. By automatically updating privileged and application-to-application (A2A) passwords, CSPM provides IT managers with the means to securely manage server IDs and passwords without having to redistribute the passwords to developers or maintain the scripts that use them, thus streamlining the entire ID management process and increasing data center efficiency.

"Digital Hands is committed to providing our customers and partners with the best solutions on the market for meeting their network and security needs," said Thomas Fink, managing director of Digital Hands. "Many of our customers struggle to comply with ever-changing regulations that require some level of password management. With CSPM, we are now able to offer these customers a product that allows them to take control of the password management process and ensure the security of their data centers. Having already signed Defense AG as a VAR for CSPM, Cloakware's product clearly meets an industry need."

By offering CSPM, Digital Hands' partners and customers now have access to a password management solution that allows organizations to achieve identity management and authentication strategy and meet the latest regulatory requirements. Additionally, CSPM enables IT managers to improve service quality and performance and increase efficiency, resulting in significant cost savings.

"Through this partnership with Digital Hands, Cloakware will be able to accelerate its expansion efforts in the European market," said David Canellos, interim president of Cloakware. "Digital Hands' established customer base, proficient sales staff and overall knowledge of the market will prove invaluable as we grow our presence in this region."

About Digital Hands GmbH

Digital Hands GmbH is a Germany-based company that helps IT vendors, especially in the security and networking areas, to sell and market their products in Europe. The Service Portfolio reaches from Value Added Distribution over marketing and PR to technical training and support. With high-skilled, experienced employees and contacts to channel partners and end customers all over Europe, Digital Hands offers fast market penetration and sales success. For more information, please go to www.digital-hands.eu.

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's software security solutions protect more than one billion shipped applications and 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. For more information, please go to www.cloakware.com.