Cloakware Moves to New Headquarters to Accommodate Growth

Company to Introduce New Training & Demonstration Center
VIENNA, Va.--(Business Wire)--
Cloakware Inc., the security solutions provider that makes
security inseparable from software, today announced the opening of its
new headquarters in Vienna, Va. The new office, located at 8219
Leesburg Pike, Suite 350 in Vienna, will house the company's federal
and datacenter solutions sales teams, as well as the company's new
training and demonstration center.

Cloakware's Vienna staff has grown by over 400% since the office
opened in 2004, due to increased demand for the company's datacenter
security solutions, which fueled expansion of the company's commercial
sales team and the creation and growth of the federal sales team.
Since its acquisition by Irdeto in December 2007, Cloakware has
capitalized on new opportunities and the power of its global parent
company to accelerate sales. The new office and increased staff ensure
that Cloakware is well positioned to meet the security needs of its
fast-growing customer base.

Within the new office, Cloakware will introduce its new training
and demonstration center, which will provide detailed product
demonstrations, training sessions and field testing. The center will
serve as a complete source of information for Cloakware's Server
Password Manager (CSPM), which enables organizations to manage
privileged passwords to meet compliance and business continuity
requirements with an enterprise-grade solution. Customers, partners,
prospects and staff will be able to get an inside look at CSPM and
gain a full understanding of the product's strengths and real-world
applications.

"Over the past few years, Cloakware has emerged as a market leader
and cornerstone of an international security company. These
achievements are a testament to the quality of our products to meet
organizations' requirements to keep their sensitive and valuable
digital assets secure," said David Canellos, COO and president of
Cloakware. "With the introduction of our new center, we will be well
equipped to meet and exceed the training demands of our customers and
partners, while also providing in-depth product demonstrations. Our
new headquarters will provide us with the physical space we'll require
as we continue to grow."

About Cloakware

Cloakware, an Irdeto subsidiary and part of the Naspers group, is
the security solutions provider that makes security inseparable from
the software it protects. From applications and databases in corporate
datacenters, to PCs and consumer devices such as mobile phones and
set-top boxes, software applications need to protect themselves from
unauthorized user access and tampering. Cloakware's patented, layered,
and compliance-driven approach to software self-protection delivers
the trusted environment that the government, enterprise and consumer
markets require. Cloakware's software security solutions protect more
than one billion shipped applications and the assets of some of the
world's largest, most recognizable and technologically advanced
companies. The company is headquartered in Vienna, VA with offices in
Ottawa, Canada and the UK, and regional sales offices throughout the
US. For more information, please go to www.cloakware.com.

Cloakware, Inc.
Heather MacIntosh, +1 866-465-4517 X. 227
heather.macintosh@cloakware.com
or
Schwartz Communications, Inc.
Avi Dines, 781-684-0770
or
Caitlin Hunt, 781-684-0770
cloakware@schwartz-pr.com

Copyright Business Wire 2008