WorldFlix Joins $90b Information Security Market

May 5, 2017

By Dipo Olowookere

WorldFlix, along with its subsidiary Paranotek, a mobile application and end-to-end encryption software company focused on corporate data security, announced the company’s entry into the enterprise data security and information security markets with software solutions for corporate entities to monitor, manage, protect and filter company-wide devices.

The company’s latest software solutions will allow corporations to keep their employees and data safe while also monitoring and analysing potential breaches and productivity with real-time, centralized reporting.

According to Gartner, spending on information security is expected to reach $90 billion worldwide in 2017 and increase to approximately $113 billion by 2020.   Increased spending on security is being driven by multiple factors, including government initiatives, increased legislation and high-profile data breaches.

WorldFlix and Paranotek recently announced the launch of a new, state-of-the-art encryption protocol Parano and its integration with the Swantry mobile app.

Parano is a software protocol designed to withstand the most sophisticated security hacks, including threats that exist today and those that are anticipated in the future from super and quantum computers.

It provides the backend encryption and protection for Swantry’s messaging and privacy features.  These same features are being incorporated into the company’s business enterprise data security and cybersecurity software to be used by corporations to monitor and protect all devices, data and messages.

“Parano is the new paradigm of encryption and security.  Parano brings a new, unprecedented level of security to messaging, chat and data much like the level of security Blackberry brought to the market years ago.

Blackberry’s protocols and servers were so secure, foreign governments threatened to ban or shut them down because the governments couldn’t hack them,” stated Brad Listermann, Chairman and CEO of WorldFlix. “Blackberry lost the security edge and Parano is taking over that space. Parano will give companies maximum coverage to keep data, privacy and employees safe.”

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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