Business
Digital Info Security Company Executes Asset Purchase Agreement with Patron Systems, Inc.
Digital Info Security Company Executes Asset Purchase Agreement with Patron Systems, Inc..
About this update from D7 Enterprises Inc
[{"type":"text","content":"Digital Info Security Company (DGIF) has executed an agreement with Patron Systems, Inc. (OTCBB: PTRN) to purchase its PolicyBridge software and its associated intellectual property rights for $285,000. DGIF has agreed to provide service and support for all current PolicyBridge customers previously served by Patron Systems.\n\nPolicyBridge is a scalable email policy management system that packages email archiving and email surveillance for supervision, discovery and compliance purposes. The addition of PolicyBridge complements the email compliance solutions that DGIF currently offers to meet SEC, NASD, Sarbanes-Oxley and HIPAA standards, and allows DGIF to expand into markets that are not currently well-served. In addition to its existing customers who are mostly in the financial services industry, DGIF will cater to organizations obligated to meet electronic discovery requirements mandated by recent amendments to the Federal Rules of Civil Procedure, such as public companies, school districts and governmental departments. \n\n\"This is a significant purchase for DGIF,\" said James Clark, Chairman & CEO of DGIF. \"This will allow us to gain competitive advantage by extending our products and services to large-scale enterprises. We are extremely excited about the opportunity to build our customer base and to increase revenue.\" \n\nABOUT DIGITAL INFO SECURITY COMPANY\nDigital Info Security Company provides world-class hosted Email Archiving, Email Surveillance, Spam Filtering and Virus Protection, Encryption, Instant Message Archiving, Remote Backup and Restoration, Colocation, BlackBerry Hosting and Website Hosting. \n\nABOUT PATRON SYSTEMS, INC.\nPatron Systems, Inc. provides application software and services focused on process management in the public sector. Patron's current application software offering, FormStream, is an open standards information sharing tool that addresses the need for law enforcement and public safety agencies to share information between local, state and federal law enforcement and homeland security agencies. FormStream is a mobile electronic forms (e-forms) application, which provides a secure, highly scalable, open standard, network independent method for the distribution and synchronization of e-forms to mobile devices. The implementation of FormStream allows its user agencies to update and modernize...