Protexis and TrustMarque Sign Partnership Agreement
September 3, 2002, Vancouver, BC – Protexis Inc. and TrustMarque International Limited announced today that they have signed a partnership agreement. Under the agreement, TrustMarque, a specialist provider of trusted e-commerce solutions, will provide advanced fraud protection services, enabling an effective payment processing option for Protexis software licensing customers and their end users.
"Fraud is one of the biggest obstacles to on-line software sales." said Tom Armstrong, Protexis Vice-President of Business Development, "Offering this solution in combination with our nTitles digital software licensing and e-commerce services provides our customers the ability to access worldwide markets in total security. Our existing and prospective clients have asked us for help in this area, and they can now benefit from the robust credit card fraud detection service that this Partnership provides."
"Combining the services of the two companies provides a powerful solution" said Armstrong. "Our integrated payment processing is unique in electronic software licensing, and TrustMarque is similarly best in class."
"Trust is a critical factor in achieving success over the internet and our risk management services help software vendors avoid charge-backs from fraudulent card transactions." said John Giannatsis, Vice-President Information Technology of TrustMarque International "Our services combined with Protexis' sophisticated license transaction system offers a complete solution for software companies providing digital purchase and licensing capability to their users."
About TrustMarque
TrustMarque is a specialist provider of trusted e-commerce solutions for the public and private sectors. TrustMarque offers a portfolio of secure internet transaction applications and services to support today's e-businesses. TrustMarque provides e-commerce solutions to the Business-to-Business (B2B) and Business-to-Consumer (B2C) markets. These on-line services include:
- Multi currency payment processing
- Credit/debit card risk assessment
The company provides global service management on a 24 x 7 basis. TrustMarque is headquartered in the UK and has offices in Canada and South Africa.
About Protexis
Protexis Inc. is a leading provider of digital software licensing solutions. The Protexis nTitles software license transaction system offers state-of-the-art tools to manage license compliance. Protexis provides software vendors with flexible, internet-based solutions for securing software and providing electronic licenses through any distribution channel. Protexis is venture-backed and investors include the Canadian Science & Technology Growth Fund Inc., Trudell Medical Limited, and Silicon Valley based Sunwolf Ventures LLC.
About nTitles
The nTitles system is an advanced software license transaction system that supports multiple, concurrent distribution channels and methods. Highly flexible, it is ideally suited for business application and consumer software. nTitles combines the best of product activation with flexible user registration, channel support and e-commerce capabilities.
For additional information on Protexis and its electronic software licensing products and solutions visit our web site at www.protexis.com, call (604) 915-5200 or email info@protexis.com.
Contact:
Kristen Mucha
Protexis Inc.
T: 888.808.1199
F: 604.915.5210
kristen.mucha@protexis.com
John Glasspoole
TrustMarque Canada Ltd.
T: 514.336.4949
johnglasspoole@trustmarque.com
Note: This News Release may contain future-oriented information that is based upon Protexis business plans. Protexis and nTitles are trademarks of Protexis Inc. TrustMarque is a registered trademark of TrustMarque International Limited, and the TrustMarque Logo is a trademark of TrustMarque Corporation. All other trademarks are the property of their respective owners.
