NEW YORK, NY — (Marketwired) — 03/23/16 — Code Rebel Corp. (NASDAQ: CDRB), an enterprise software development firm that licenses its proprietary software solution to enable simplified secure access and communications between PC and Mac environments on virtually any computer, tablet, or smartphone, today is pleased to announce that Aegis Identity, a leading education-focused Identity and Access Management (“IAM”) solution provider, which will be acquired by Code Rebel under the terms of the March 14, 2016 Merger Agreement, is recognized as a “Selected Vendor” in two categories in Gartner IT Market Clock for Higher Education, 2015. Other selected vendors mentioned include Fischer International Identity, IBM, Microsoft, NetQ and Oracle. The analysis was provided by Terri-Lynn B. Thayer, Jan-Martin Lowendahl, Glenda Morgan, Matthew W. Cain, Gregg Kreizman, Jeffrey Mann, and published on August 26, 2015.
According to the Gartner report, “Overall, IAM is necessary to enable personalized, secure and auditable access to networks, systems and data, which is a top priority in higher education”. We believe this category positions the value of Aegis Identity–s TridentHE Software to higher education institutions and reinforces our commitment to the unique identity management and cyber security requirements of higher education.
The report states that “Federated identity management provides single sign-on and enables identity information to be shared among several entities and across trust domains. Tools and standards permit identity attributes to be transferred from one trusted identifying and authenticating entity to another for authentication, authorization and other purposes.”
This follows Code Rebel–s March 14th announcement of its definitive merger and joint operation agreements with Aegis Identity (). The merger and joint operations are intended to maintain and grow Aegis Identity–s leadership position in, and capitalize on cross-marketing opportunities within Education Technology, Cyber Security, and Identity and Access Management markets.
For information on Code Rebel products and current uses, please visit: and .
To see information on Aegis Identity products and solutions, please visit: and
Aegis Identity is based in Denver, CO and has built a sophisticated enterprise-class software platform to serve the needs of cyber-security, digital identity management and access management. In four years, it has taken the education market by storm by gaining product adoption in both the Higher Education and K-12 markets. Aegis Identity has brought contemporary, open systems, technology to this market replacing higher-cost, legacy, and proprietary solutions, increasing security and decreasing operational costs at these prestigious institutions and its rapidly growing customer base. Learn more at and follow us on , , , and .
Code Rebel is an enterprise software company that develops, licenses, and supports software designed for cross-platform enterprise security and productivity. The proprietary Code Rebel iRAPP software addresses the growing requirement of corporate IT departments for secure access from diverse enterprise devices. Code Rebel software was developed by its in-house engineering team to address the demand for secure interoperability between mobile, desktop, and server environments and interaction between Apple and Microsoft devices and software. The company provides enterprise client support for its software to a diverse range of industries. For more information visit: , and .
This press release contains forward-looking statements identified by words such as “estimate,” “project,” “expect,” “intend,” “believe,” “anticipate” and similar expressions regarding the potential merger with Aegis and our expectations regarding the effects of such merger. These forward-looking statements are made in reliance on the safe-harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the consummation of the merger; a decline in general economic conditions nationally and internationally; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; the impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; changes in government regulation; the ability to complete customer transactions; and other factors relating to our industry, our operations and results of operations and any businesses that may be acquired by us.
This press release uses market data, industry forecasts and projections from selected industry market research firms and industry data from publicly available industry publications. We believe the market and industry research others have performed are reliable, but we have not independently verified this information.
You should not place any undue reliance on these forward-looking statements, which speak only as of the date of this press release. Additional information concerning factors that might affect our business or stock price, which could cause actual results to materially differ from those in forward-looking statements is contained in Code Rebel–s filings, including quarterly and annual reports that we file with the Securities Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as otherwise required by law.
Howard Gostfrand
President
American Capital Ventures
Phone (work): (305) 918-7000
Email:
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