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Secured Services and Cybrix Enjoy Synergies Faster Than Expected; Quick and Seamless Integration Benefits Customers with Expanded Services.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Secured Services Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:SSVC SSVC Services Sound & Vision Corporation
SSVC Selective Service
), SSI (1) See server-side include and single-system image.

(2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI.

1. (electronics) SSI - small scale integration.
2.
 or the Company, a leader in identity and access management security software and services, announced today that the integration of Minneapolis-based Cybrix Corporation is complete. The acquisition of Cybrix by SSVC, announced in November 2004, and the seamless manner in which the two organizations now operate, demonstrate the Company's skill at identifying acquisition candidates and rapidly assimilating them into contributing business units.

Cybrix, a provider of highly specialized consulting services, has implemented many of the identity and access management (IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10.

["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971].
) point products deployed by business and government over the past 15 years. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 David Norris
  • David Norris (musician)
  • David Norris (footballer)
  • David Norris (politician), Irish Senator and gay rights activist
  • David Norris (speedway rider)
  • David Norris (former murder suspect), in Stephen Lawrence case
, president of Cybrix "the integration with Secured Services was relatively painless. They understand that our customers come first and worked with us to ensure the integration effort did not negatively impact our clients. In fact, they immediately enhanced our ability to close new customers. Since the execution of the original Letter of Intent in June of 2004, our revenues have increased more than 50% and the employee headcount has grown threefold."

Bob Bradee, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Cybrix, stated that "SSI has provided us with its Identiprise (IAM) software, allowing our customers to integrate all of their Secured User Management requirements into a single enterprise wide solution. The scope and effectiveness of Identiprise gives us the opportunity to leverage our existing expertise and sell a more robust set of solutions, not only to our existing customer base, but also to an expanded prospect list. The early results indicate a higher close ratio as we are able to effectively solve more of the security issues faced by our prospective clients."

King Moore, CEO of Secured Services, added, "Bob Bradee, Dave Norris and the staff of Cybrix have enthusiastically embraced the Company's strategy and moved aggressively to market and deliver the broader spectrum of IAM software now available to them. We expect this integration success story to serve us well as we finalize soon-to-be-announced additional acquisitions."

About Secured Services:

Secured Services is the first single-vendor provider of Secured User Management software and services for the enterprise. Thanks to its Span, Speed, and Scale architecture, Identiprise delivers a comprehensive and easy to install solution for embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup.
2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if
 identity, access and audit management infrastructure within complex IT environments. Complemented by services from its Advanced User Security Group, Secured Services enables organizations to protect critical applications, improve the user experience, and reduce operational costs and risks. Published research is available on request. For more information about Secured Services, please visit: www.secured-services.com, or contact Kelley Joyce, Horn Group (212) 931-5204, kjoyce@horngroup.com, or Bill Arnold, Crosslink Financial, (415) 924-9900, warnold@crosslinkfinancial.com.

Forward-Looking Statement forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 14, 2005
Words:524
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