logo
Plus   Neg
Share
Email

Globo Gets United States NIST Data Security Certification; Stock Up

Globo Plc. (GBO.L), a provider of enterprise mobility management solutions and software as a service, said the United States National Institute of Standards and Technology Cryptographic Module Validation Program has validated Globo's cryptographic modules as per Federal Information Processing Standards 140-2 Security Standard for Cryptographic Modules.

FIPS 140-2 validated encryption has been added to the entire Globo solution suite, which consists of GO!Enterprise EMM and GO!AppZone MADP offerings, which means that Globo's offering now satisfies the highest level of security required in the U.S.

This certification gives Globo a competitive advantage in addressing commercial opportunities in highly-regulated markets such as government, finance and healthcare.

Further, Globo is the only vendor cited in Gartner's 2014 Magic Quadrant for Enterprise Mobility Management that has received US NIST FIPS 140-2 validation for each major operating environment; iOS, Android, Windows Phone and Windows Server.

The stock climbed 3.9 percent in early morning trade to 45.05 pence.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Deutsche Telekom AG were losing around 2 percent in German trading after the telecom giant reported Thursday a net loss in its fourth quarter, compared to prior year's profit, despite increased revenues. Looking ahead, the company said its 2019 forecast shows undiminished growth momentum. Hormel Foods Corp. on Thursday reported a 20 percent decline in profit for the first quarter from last year, when results were aided by a benefit related to the U.S. tax reform. However, earnings per share for the quarter matched analysts' expectations, while revenues missed their estimates. Looking ahead, the branded food company reiterated its financial outlook for fiscal 2019. Southwest Airlines Co. said it will investigate whether a dispute with its mechanics union was the cause of an "unprecedented number" of out-of-service aircraft that resulted in flight cancellations and flight delays. Southwest Airlines COO Mike Van de Ven said in a statement that the airline has been negotiating with Aircraft Mechanics Fraternal Association or AMFA for more than six years.
Follow RTT