Biometrics and identity firm SuperCom has revealed that its subsidiary Safend, a data protection and cybersecurity company, has received two orders totalling over $500,000 in new sales.Safend provides enterprise organizations a broad range of competitive and well-known encryption and data protection solutions. The new orders represent license fees for 40,000 new seats, and an initial recurring maintenance fee term of more than one year. SuperCom expects that the initial license fulfillment will be completed by the end of November 2016."These two large and recent awards highlight the momentum we are seeing in the market and support the confidence large enterprise organizations have in Safend's industry leading solutions," commented Arie Trabelsi, SuperCom's President and CEO. "Since closing our acquisition of Safend in March of this year, we have advanced integration efforts and further strengthened the company's sales channels to reach a larger global market. We are encouraged by Safend's recent wins and are optimistic about our prospects in the encryption and data protection market based on our growing pipeline of new opportunities."The two recent awards were secured from large enterprises and represent initial orders that provide the potential for additional license sales over time. One of the customers who ordered Safend licenses has over 40,000 additional seats available company-wide, and discussions for an expanded rollout are advancing.Since the acquisition, Safend's bookings have reached an annual run rate of more $3 million per year and have been increasing sequentially by more than 20% on quarter over quarter basis.
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