Path Solutions strengthens its iMAL system with the GlobeX Data's SecurusVault and DigitalSafe cloud storage solutions

January 29, 2013

Kuwait-based Path Solutions announces a new partnership with GlobeX Data, one of the leaders in Cloud Storage technology to enable financial institutions to benefit from secure cloud storage solutions.

Founded in 2007, GlobeX Data, Inc. is an innovative secure cloud storage technology group incorporated and based in Geneva, Switzerland. Active in the secure cloud storage industry, GlobeX Group built its roots in the global electronic payment market and now provides a line of electronic data management solutions to individuals, SMEs and government organizations.

Under the terms of the partnership agreement, GlobeX Data will enable Path Solutions' clients and prospects to benefit from cloud storage technology & solutions for their data and/or backups (such as database backups, file server content, etc.) using the SecurusVault storage offering, as well as propose to their customers and employees the storing of personal information (such as PIN numbers, passwords, financial accounts, and confidential files and documents) using the DigitalSafe offering.

"We are excited to offer this new technology to our clients. As a result of our partnership with GlobeX Data, Path Solutions will bring a whole new level and type of services to its current and future clients. This partnership signature is simply a continuation of our commitment to the Islamic banking industry by complementing our offering with strategic partnerships", said Dourria Mehyo, VP Product Management, Path Solutions.

"Everyone at GlobeX Data is very proud and excited to offer our products to Path Solutions' banking client base and their retail clients. Having Global 100 as partners, we are simply continuing our tradition of aligning ourselves with the best in the market, and Path Solutions represents the best there is in Islamic banking IT. GlobeX Data's products are recognized as global leaders in Swiss-based Cloud Storage technology and this partnership represents another validation of this recognition by Path Solutions and its amazing team", said Alain Ghiai, CEO, GlobeX Data.

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About Path Solutions
Path Solutions (www.path-solutions.com) is a global technology services firm headquartered in Kuwait. The company provides end-to-end innovative software solutions for the Islamic banking and financial services industry segment.

Path Solutions' flagship product, iMAL is built on open architecture, offers low cost of ownership and uses established standards such as HTTP/S and XML. It is also available as a Model Bank implementation, with best practice processes built-in.

Path Solutions sharply focus on building quality and excellence in its product development, delivery, deployment, training and support processes. The company has nearly two decades of experience in combining knowledge of banking markets worldwide with deep expertise of how technology is best applied in rapidly changing, highly demanding large-scale environments.

About GlobeX Data Inc.
GlobeX Data (www.globexdata.ch) has two main applications for cloud storage:

For the consumer market and micro companies, it offers DigitalSafe: DigitalSafe is a mobile and Web based secure Cloud Storage application that allows users to securely store and share their personal information. Users can create notes to save their: PIN numbers, passwords, financial accounts, medical records, travel details, and more. In addition, users can store confidential files and documents in their DigitalSafe account. Swiss privacy and security is 100% guaranteed!

For SMEs, it offers SecurusVault: SecurusVault is a real-time, Cloud Storage based backup platform. Serving SMEs and government organizations, it provides backup, secure sharing, and archiving in one system. It is geared towards any industry that requires confidentiality for sensitive information including financial services institutions. Swiss privacy and security is 100% guaranteed!

DigitalSafe and SecurusVault comply with the following privacy and security standards: