KoolSpan and NTP Software Announce an OEM Relationship to Market First Ever Mobile Encrypted File Sharing Solution

NTP Software’s SafeFile™ Solution Will Provide Data Center to Mobile Device File Management Capabilities Using KoolSpan’s Encryption Technology

Bethesda, MD. – July 27, 2012

BETHESDA, Md.–(BUSINESS WIRE)–KoolSpan Inc., developer of the TrustChip® family of plug-in mobile security solutions, and NTP Software, the world leader in file data management, today announced an OEM relationship with NTP Software to bring to market a new product called SafeFile,™ the first mobile encryption file sharing solution of its kind.

“People have wanted encrypted file data for mobile devices for years, but no one does it because it’s too difficult to manage and it can only be used in limited contexts”
NTP Software is the leading provider of file data management in the global marketplace. With the new SafeFile application, NTP Software adds to its portfolio and extends secure file management from the data center and desktop to smartphones and tablets. The architecture uses KoolSpan’s TrustChip, a micro SD chip with secure digital technology. The SafeFile solution will be scalable and all-inclusive and keep file data safe from hackers, misdeeds and accidents.

“People have wanted encrypted file data for mobile devices for years, but no one does it because it’s too difficult to manage and it can only be used in limited contexts,” said NTP Software CEO Bruce Backa. “The special sauce here is that our system is end-to-end, from datacenter to mobile devices and everything in between. We are committed to enabling our customers in all aspects of file data management. This allows us to go further in helping them keep their file data always encrypted and always accessible.”

By utilizing KoolSpan’s patented FIPS 140-2 TrustChip & TrustGroup technology, NTP Software SafeFile will allow secure file viewing and sharing between two people or a defined group of people. TrustGroup’s private key encryption technology enables security between any set of users or devices. Users with the same TrustGroup in common are able to establish a secure connection, mutually authenticated and encrypted. With SafeFile, files will be secure at every point of existence, including when in transit between users, at rest or between the data center and user.

“Keeping mobile files secure remains a huge vulnerability in the market and we are tackling this problem head-on and bringing the first solution of its kind to market,” said Gregg Smith, CEO of KoolSpan. “The partnership with NTP validates our combined platforms, puts us into a new marketplace where we will be a category leader, and adds to our growing list of applications with our TrustSuite solution.”

A recent Infographic from Kensington, a maker of computer accessories, puts some statistics behind the problem: 70 million smartphones are lost each year, with only 7 percent recovered; 4.3 percent of company-issued smartphones are lost or stolen every year with an alarming 52 percent of devices stolen from the office/workplace with another 24 percent from conferences.

Patrick Hynds, Microsoft Region Director, has this to add. “CIO’s and IT managers in both public and private sectors should be using tools such as password enforcement, remote wipe and device lock or wipe with too many incorrect password entries. But that’s not always sufficient to secure data. I view data encryption as the most promising and secure method for protecting data on mobile devices.”

SafeFile encrypted file sharing will be commercially available toward the end of the year by KoolSpan and NTP Software. The service will target enterprises, large and small; government and law enforcement agencies and any industry where data on mobile devices needs to be kept secure.

About NTP Software:
NTP Software puts users in charge of their file data and is the only company providing file data management solutions that deliver all of the enterprise-class features needed to understand, manage, monitor, and secure file data completely. NTP Software is a global leader and has been chosen by the majority of Fortune 1000 companies and thousands of customers in private and public sectors for providing leadership through superior solutions, professional services, experience, and trusted advice. NTP Software delivers a single solution across the entire data storage environment, from individual files and users to an entire global enterprise across thousands of systems and sites. NTP Software reduces the cost and complexity associated with the exponential growth of file data. We are located on the web at http://www.ntpsoftware.com

About KoolSpan:
KoolSpan is a leading innovator of data encryption and security products optimized for the mobile market. Its microSD-based TrustChip® mobile encryption engine is a critical component to mobile security solutions and has been tested and deployed in 40 countries worldwide. TrustChip secured solutions enable the protection of applications, operating systems and mobile devices; are FIPS 140-2 Validated, and deployed by government, enterprise and offered by leading wireless operators to protect sensitive communications. For more information, visit https://koolspan.com.