Optio Labs Announces the Acquisition of Oculis Labs, and Names Oculis Founder, Dr. Bill Anderson, as Chief Product Officer
April 08 2015 - 2:00AM
Business Wire
Optio Labs, which creates technology products that make mobile
devices more secure, announced that it has purchased Maryland-based
security company Oculis Labs, and its CEO, Dr. Bill Anderson, will
be joining the company as Chief Product Officer. Oculis is
developer of the award-winning products PrivateEye and
Chameleon.
Dr. Anderson, a global security expert and Ph.D. in
cryptography, founded Oculis Labs to develop products that protect
data displayed on a user’s computer and mobile device screen from
visual eavesdroppers. The company’s enterprise and consumer
product, PrivateEye, protects computer screens against unauthorized
viewers by using computer vision technology. PrivateEye recognizes
authorized users and lets them in, protects the screen when they
are away, and detects and prevents visual eavesdroppers. Chameleon,
which was developed for government users, provides a high security
display that is readable by the authorized user alone. Chameleon
uses gaze-tracking technology to sense where the user is looking
and present a display that is clear to the user but illegible to
anyone else.
The acquisition, which includes the security software products,
intellectual property and patents, as well as the integration of
the development team, will allow Optio Labs to provide
comprehensive data security solutions for corporations, government
institutions and wireless carriers.
“The award-winning product line developed by Dr. Anderson helps
to expand our data security reach beyond mobile devices into
laptops and desktops, solve the ‘inside threat’ problem, and give
us a great end-to-end solution for potential customers,” said Optio
Labs Chief Executive Officer Gregg Smith.
As the newest member of the Optio Labs team, Anderson will
oversee product direction and product management as well as
contribute to the company’s strategic vision. Optio Labs offers
mobile security software solutions for enterprises, government and
device manufacturers, and its flagship product, OptioCore, has been
recognized as the only security solution able to meet stringent
U.S. Federal government mobile security policies while maximizing
the full range of productivity benefits of Android devices.
“This merger of technologies – combining data from the real,
tangible world with information derived from within a device – will
help corporations achieve balance between security and efficiency,
and remove the limits to employee productivity that have often come
with inflexible mobile security policies,” Anderson said.
Anderson is the third senior executive to join the Optio Labs
team since CEO Gregg Smith took the helm of the company in
December. In February, former Samsung Electronics Co. executive
Brian Glancey joined as Chief Technology Officer and Francis Knott,
whose corporate development experience included Aether Systems and
Telecommunications Systems, joined as Senior Vice President,
Corporate Development at the end of last year.
More information about Optio Labs and its products can be found
at www.optiolabs.com.
The company, which has offices in Baltimore, Washington and
Nashville, Tennessee, is a subsidiary of Allied Minds (LSE: ALM).
Information on Oculis Labs can be found at www.oculislabs.com.
About Optio Labs
Optio Labs develops transformational security products for
the mobile enterprise and embedded systems. Led by a
world-class team of technologists, and leveraging innovations
developed for national security protocols, Optio Labs has pioneered
game-changing advanced security solutions for the world’s leading
mobile platforms. With offices in Baltimore, Washington and
Nashville, Tennessee, Optio Labs customers include federal
agencies, commercial enterprises, and device manufacturers. More
information can be found at www.optiolabs.com.
About Oculis Labs
Oculis Labs, headquartered in Hunt Valley, Maryland, develops
data privacy software that secures the last two feet of the network
– the distance from the computer screen to a user’s eyes. The
company’s products protect valuable information displayed on mobile
and desktop computers from unintended viewers. Oculis Lab’s
technology is being deployed across a wide-array of mobile
enterprises including those in government, financial services,
health care and the high-tech industry.
About Allied Minds
Allied Minds (LSE: ALM) is an innovative U.S. science and
technology development and commercialization company. Operating
since 2006, Allied Minds forms, funds, manages and builds products
and businesses based on innovative technologies developed at
leading U.S. universities and federal research institutions. Allied
Minds serves as a diversified holding company that supports its
businesses and product development with capital, central management
and shared services. More information about the Boston-based
company can be found at www.alliedminds.com.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be
forward-looking statements, including statements that relate to the
company’s future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from current expectations, including, but not limited
to, those risks and uncertainties described in the risk factors
included in the company’s regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of the company and the environment in
which it will operate in the future. Each forward-looking statement
speaks only as at the date of this press release. Except as
required by law, regulatory requirement, the Listing Rules and the
Disclosure and Transparency Rules, neither the company nor any
other party intends to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
ArcPoint Strategic CommunicationsChristine Dunn, 617-484-1660,
x101cdunn@arcpointstrategy.com
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