GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS), the cybersecurity and Internet privacy specialist, has inked a deal with SYNNEX Canada Limited, the subsidiary of Fortune 200 firm SYNNEX Corporation (NYSE:SNX), to distribute GlobeX's Sekur solution through the group's 11,000 resellers in Canada.
Significantly, SYNNEX Canada estimates that between 5% and 15% of its resellers would resell Sekur, meaning of 11,000 resellers, between 550 and 1,650 would be selling GlobeX's security solutions.
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GlobeX noted it also has plans to expand in the US and a five-year goal of marketing its solution to 1,000 SYNNEX resellers, resulting in 300,000 Sekur licenses sold both in Canada and the US.
SYNNEX reseller customers include value-added resellers, or VARs, corporate resellers, government resellers, system integrators, direct marketers, and national and regional retailers.
"Canada has suffered tremendous amounts of cyber-attacks, including the attack on government institutions, such as the Canada Revenue Agency, various healthcare organizations and facilities, and resource and energy companies," said Alain Ghiai, CEO of GlobeX Data.
"Whether you are an SME, an Enterprise or a government organization, you need protection from email cyber-attacks, and data theft. Our strength in using proprietary technology, Swiss privacy laws and no third-party platform such as AWS, MS cloud or Google cloud, puts us in a unique position to provide true privacy and security. GlobeX is here to provide the best protection and privacy to all documents, emails and instant message communications."
Sekur includes encrypted messaging and voice recording transfer with self-destruct timer, an encrypted email account and a secure file transfer solution.
It includes GlobeX's latest SekurMail technology, which includes proprietary anti-phishing and privacy feature called SekurSend, which lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security as the email never leaves Sekur's encrypted email servers based in Switzerland.
GlobeX added it will partner with Darn IT Group in the implementation and training of the Canadian resellers and named Darnley Greson, CEO of Darn IT Group, as GlobeX Data's Channel Development Manager for North America.
The term of the agreement is for one year with automatic one-year renewals unless terminated by either party.
GlobeX estimates that in the first year, it can effectively market its solutions to around 100 resellers in Canada by the end of 2021 and to over 500 active resellers over the next three years.
It estimates that each active reseller would sell a minimum of 300 licenses per year, resulting in recurring gross sales of C$360,000 (US$275,000) per month or C$4,320,000 (US$3,297,000) a year by the end of the first year and C$1,800,000 (US$1,375,000) a month or C$ 21,600,000 (US$16,488,000) a year by the end of the third year, representing 150,000 Sekur licenses sold in Canada in the third year.
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