Further press on FLX26 Oct 2015 20:20
Nice write up on proactive investors .co.uk
http://www.proactiveinvestors.co.uk/companies/news/116650/ipplus-falanx-and-corero-may-benefit-scrutiny-of-internet-security-systems-116650.html
Falanx's product is particularly complimented by the article and stands out as the most comprehensive product.
IP Plus (LON:IPP) was up 5% in early afternoon trade as investors said it could be a beneficiary of the industry-wide tightening of security in the wake of the hack attack on TalkTalk (LON:TALK).
In fact it was one of a number of innovative small-caps given a push, including Falanx and Corero Networks.
While stock in the hapless internet service provider fell a further 9% on Monday, shares in IPP, which presented a Proactive Investors’ Tech Capital event in London earlier, were in demand.
The company has developed a technology called PCI-PAL that allows companies to take credit and debit card payments safely and securely over the phone.
IPP’s raison d'être is not so much the platform itself, but the fact it is compliant with strict industry standards – which provides a major barrier to entry to newcomers.
It is not exactly unique, but operates in a small pool, inhabited by fellow London-listee Eckoh (LON:ECK).
Eckoh has CallGuard, a product similar to PCI-PAL, which is gaining traction and has amassed 50 clients in a very short space of time.
Chief executive Nik Philpot reckons it took three years and 100,000 man hours to become Payment Card Industry-compliant.
Leading the field was Falanx (LON:FLX), led by former British Army officer John Blamire.
His cyber security business uses software developed by a separate technology firm.
What marks it out is not the platform, but the fact it deploys specially trained security analyst that is able to interpret red flags generated by the system.
While attacks from hackers make the headlines, around 60% of breaches are internal. Falanx is expert at spotting this threat from within.
“As it is a managed service, it is live, which gives the client higher level of assurance and reactivity,” Blamire said in a recent interview Proactive.
“Ours is not just a piece of software that might sit there and you’d never know whether it is doing what it is supposed to, or whether it is up-to-date, or has the right patches.
“We have visibility through the network. We can see what’s actually going on. We look for the presence of abnormal, the absence of the normal.”
Another cyber security firm doing well in the aftermath of the TalkTalk debacle was Corero Networks (LON:CNS).
It has developed software designed to head off the distributed denial of service (DDoS) attacks of the type that hit the internet giant. Corero was up 2%.