PRGF (.80) Proginet Partners with Boarderstown to Deliver Managed File Transfer Technology to Growing South Korean Market
Wednesday, June 25 2008 11:05 AM, EST
Business Wire "US Press Releases "
GARDEN CITY, N.Y.--(BUSINESS WIRE)--
Proginet Corporation (OTCBB: PRGF), a leading developer of enterprise software for advanced managed file transfer and security applications, and Boarderstown Co., Ltd. , a leading technology solution provider in the South Korean marketplace, today announced a new reseller partnership. Under the terms of the agreement, Boarderstown will distribute Proginet's CyberFusion Integration Suite (CFI)(TM) throughout the rapidly growing South Korean business market.
The new partnership addresses an intensifying effort by companies worldwide to solve the integration, control, and security requirements relative to the data that drives their business. As data-protection laws, such as the Korean Basic Act on Electronic Financial Transactions of 2007, impact the international business environment, the partnership enables Proginet to leverage Boarderstown's bilingual English-Korean capabilities for sales, technical support, and software language support, in addition to third-party strategic partnerships in the South Korean market.
Companies today need a fast, cost-efficient solution for delivery of large files. As the South Korean government continues to increase protection requirements for customer data in the public and private sectors, Proginet's CFI will enable companies to comply by helping automate the movement of critical business data from different locations, secure the distribution of customer data within the enterprise, and verify the delivery of files to customers and business partners.
"In an increasingly complex global marketplace, secure, managed file transfer has become an essential component of doing business," said Kang Young il, Chief Executive Officer of Boarderstown. "Proginet's CFI is a cost-effective solution that will enable South Korean businesses to efficiently manage the delivery of large files to anyone, anywhere, and it can be easily deployed within their enterprise environment, regardless of their platform requirements. Partnering with Proginet will enable Boarderstown to help our customers manage and control all enterprise file-transfer activity to achieve compliance with regulations and improve business operations."
"Boarderstown is well-known in South Korea for its success in the distribution, support and marketing of enterprise software," said Sandy Weil, Executive Vice President of Sales and Marketing for Proginet. "The South Korean economy is growing at an annual rate of 5.1% per annum, which is double the average growth rate in the major global economies, and recent reports indicate that the IT sector accounts for 46% of total economic growth. Through our partnership with Boarderstown, we are able to deliver Proginet's CFI to this rapidly growing market and provide South Korean businesses with the world's most advanced managed file transfer capabilities."
About Boarderstown Co., Ltd.
As a leading provider of application transformation, modernization and integration solutions, Boarderstown Co., Ltd. is a recognized expert in the Korean systems and application market. With 20 years of industry experience, Boarderstown has an established track record of enabling organizations to quickly and easily integrate new e-business and client/server applications with their existing core systems in a scalable and seamless way. Boarderstown, which is headquartered in Seoul , has more than 500 corporate customers and a network of 12 value added resellers. For more information, visit www.acucobol.net.
About Proginet Corporation
Proginet Corporation is a leading developer of enterprise software for advanced managed file transfer and security applications. Throughout its 20-plus year history, the company has earned an excellent reputation for its multi-platform expertise and dedication to customer service. The Company's flagship solution, CyberFusion Integration Suite (CFI)(TM), is the world's most advanced managed file transfer solution, and supports all major computing platforms, from Windows to the Mainframe. Proginet's global customer base spans more than 30 countries and includes many Fortune 500 companies. The company is headquartered in New York , with offices in Toronto , Canada , and is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.
To receive press releases and other corporate communications directly from Proginet, please e-mail investor@proginet.com or call (516) 535-3600.
Disclaimer
This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.
Source: Proginet Corporation
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