CyberDefender Announces Partnership with Vindicia to Manage Subscription Renewal Process, Ensure Customers Are Protected
LOS ANGELES - (AllPayNews) CyberDefender Corporation (OTCBB: CYDE), an award-winning provider of PC security, Antispyware/Antivirus Software, PC Optimization, PC Support, and Identity Theft Prevention solutions, today announced it has partnered with Vindicia, a leading provider of on-demand billing solutions for online merchants, to improve its software subscription renewal process. This partnership will ensure CyberDefender customers are never left without the Company’s most up to date safeguards by mitigating accidental lapses or gaps between expiration and renewal. Vindicia clients include TransUnion Interactive, Activision Blizzard, Intuit and Atari/Cryptic.
“Vindicia CashBox minimizes inadvertent payment failures and the resultant software service interruption and will help CyberDefender provide its customers with the continuous Internet security protection they count on,” said Vindicia CEO Gene Hoffman. “Our chargeback management, PCI compliance and analytics are ideally suited for CyberDefender, a high-volume, subscription-based business providing critical services. We are committed to working together to help this already very successful company turn its billing capabilities into a strategic business asset.”
“As global threats against consumers grow daily, so does the importance of our customers’ need for seamless coverage by our cutting edge security software solutions,” said CyberDefender CFO Kevin Harris. “Gaps in coverage because of challenges in renewing subscriptions can leave our customers in danger of a variety of new scams, identity theft and malware threats, just to name a few. We are confident that with CashBox, our billing communications will improve and we will optimize customer renewal. Finally, this partnership will be key in enabling scalable billing solutions for us as we move to expand internationally, allowing us to localize billing messages, accept a wide variety of currencies, offer alternative payment types and handle any relevant tax implications.”
Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for online merchants. We work with some of the best-known brands on the Internet, including TransUnion Interactive, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit www.vindicia.com.
Based in Los Angeles, Calif., CyberDefender Corporation (CYDE) is a provider of Internet security technology for the consumer market. With more than 5 million users of its proprietary patent pending Collaborative Internet Security Network (or the earlyNETWORK), CyberDefender is an industry leader. CyberDefender’s earlyNETWORK is designed to address the “zero hour gap,” which effectively reduces the risks associated with new and emerging Internet threats. By utilizing a proprietary secure peer-to-peer network, CyberDefender delivers protection to the end user faster than the traditional client-server or cloud methods. CyberDefender develops and markets PC desktop security utilities in the following categories: antispyware, antivirus, and PC optimization. In addition, CyberDefender offers the following services: identity protection and remote PC repair and optimization services. CyberDefender products are fully compatible with Microsoft's XP, Vista, and 7 Operating systems and are available at http://www.cyberdefender.com.
FORWARD LOOKING STATEMENTS
Statements in this press release that are not statements of historical or current fact, such as CyberDefender's expectation of future revenue growth and profitability, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause CyberDefender's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause CyberDefender's results to be materially different from the forward-looking statements include whether CyberDefender will be able to find financing when and as it needs it and whether CyberDefender's revenues will eventually exceed its expenses. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in CyberDefender's reports and registration statements filed with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.
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