NamITech, the secure solutions provider within the JSE Securities Exchange-listed Nampak group, has been appointed as lead distributor in Africa for nCipher, a specialist vendor in the field of encryption.
The partnership contract signed with nCipher follows the strategic acquisition by NamITech of SACA, one of the world`s leading affiliates of VeriSign, the electronic security and authentication company.
Rex Tomlinson, the chairman of NamITech, said the acquisition of SACA and the partnership deal concluded with nCipher are both "highly strategic" and in line with the company`s aim to become the leading end-to-end secure transactions provider in SA.
"The Internet security market has been predicted to expand at a compound annual rate of 29% over the next five years, reaching nearly $21 billion by 2005. As companies move aggressively to create extended enterprises - opening up their networks to suppliers, customers, and partners - they must address security as a top priority."
He said nCipher is recognised as a leading specialist vendor in the field of encryption.
Encryption is central to Internet security, underpinning both Secure Sockets Layer (SSL) and Public Key Infrastructure, a market in which SACA is dominant locally. The encryption market is estimated to generate $381 million in revenue in 2001, a 37% increase from the $279 million generated in 2000. The primary driver of this growth is thought to be SSL-related products and analysts have predicted SSL revenue to grow 77% in 2001.
nCipher`s core products not only reinforce the level of security offered to an organisation but also eliminate the bottlenecks associated with processing encryption. The company recently launched a new technology, the Secure Execution Engine(tm) (SEE). This allows companies to extend their security perimeter by protecting application code in tamper-resistant hardware. nCipher also markets Software Developer Toolkits and professional services. The nCipher marketing and support program is designed to provide access to a wide array of resources that help distributors and resellers to achieve success. nCipher offer sales support, sales training, technical back-up and joint marketing programs to close more business, as well as delivering the expertise to succeed.
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