Through this partnership, Cloakware expands its European market presence, while ToroTech adds to its portfolio of leading business continuity and compliance solutions.

CSPM, the first commercial Shared Account Password Management (SAPM) tool, delivers automated, cost-effective and auditable management of privileged and application-to-application passwords. This enables organizations to comply with the standards and legislation (such as PCI DSS, the Data Protection Act of 1998 and the Data Protection Directive 95/46/EC) that requires all passwords be updated on a regular basis. CSPM enables organizations to improve compliance, protect confidential data, decrease system downtime and lower operating costs.

“Cloakware understands the security and compliance needs of our customers from potential cyber threats,” said Mike Sandford, business development director. “In any market, hackers are constantly trying to breach systems, steal data and disrupt business operations. By partnering with Cloakware, we are able to provide our customers with a password management tool that protects them from potential insider and external attacks.”

With CSPM, ToroTech’s customers have access to a proven password management solution that allows organizations to meet identity management and authentication strategies and comply with the latest regulatory requirements. Additionally, CSPM enables IT managers to improve service quality and performance and increase efficiency, resulting in significant cost savings.

“As a trusted provider of IT solutions, ToroTech is an ideal partner that is committed to extending the reach and success of CSPM in the UK,” said David Canellos, interim president of Cloakware. “The success of CSPM in North America has demonstrated that companies worldwide need a proven solution to security threats throughout the enterprise. Cloakware's recent acquisition by Irdeto strengthens the company's dedication to supporting and distributing this product abroad."

About ToroTech

ToroTech is the leading provider of IT Continuity and Compliance Solutions within the UK. The company works with organizations to address the increasing complexities of technology and business, providing both products and services that ensure clients' operations are available at all times, protected at all costs, cost effective and compliant. Torotech offers solutions focused on identity and access management, forensic archiving and compliance, environment management and compliance, data security and destruction, business continuity and disaster recovery and computer and data forensic investigations. ToroTech is a Value-Added Reseller (VAR) providing Cloakware Server Password Manager (CSPM) to UK-based government, professional services, IT solution providers and financial organizations. For more information, visit www.torotech.co.uk.

About Cloakware

Cloakware, an Irdeto company, is the security solutions provider that makes security inseparable from the software it protects. From applications and databases in corporate data centers, to PCs and consumer devices such as mobile phones and set-top boxes, software applications need to protect themselves from unauthorized user access and tampering. Cloakware’s patented, layered, and compliance-driven approach to software self-protection delivers the trusted environment that the government, enterprise and consumer markets require. Cloakware’s software security solutions protect more than one billion shipped applications and the assets of some of the world’s largest, most recognizable and technologically advanced companies. The company is headquartered in Vienna, VA with offices in Ottawa, Canada and the UK, and regional sales offices throughout the US. For more information, please go to www.cloakware.com.