Proginet Announces the Acquisition of the RocketStream Software Suite

GARDEN CITY, N.Y.--()--Proginet Corporation (OTCBB: PRGF), a world leader in multi-platform file transfer solutions, today announced that it had completed, through a wholly owned subsidiary, the acquisition of various assets comprising the RocketStream Software Suite, including the core intellectual property assets and related patents, trademarks and domain names. The terms of the purchase were not disclosed.

“We recognized the value of RocketStream with our original license to integrate and resell the technology. This acquisition was an excellent way to solidify our integration of the technology into our core CyberFusion Integration Suite (CFI) platform and to also add additional capability for our OEM partners” stated Sandy Weil, Proginet's President and CEO. “We will continue to sell and support the products on our website and will be integrating the current RocketStream web presence with our portal.” In addition, Steve Flynn , Proginet’s COO stated, “We are excited about the opportunity to gain control of this innovative file transfer acceleration technology and are already exploring opportunities to leverage RocketStream to solve additional managed file transfer challenges for Proginet’s customers.”

The RocketStream software suite is a file transfer acceleration solution that overcomes the speed degradation of network latency on internet protocol data throughput. RocketStream is as easy to use as an FTP client, but is powered by the RocketStream Protocol and is capable of blistering speeds up to 200x faster than traditional FTP. Available in client/server and peer-to-peer configurations, RocketStream combines all of the control features needed to oversee a network with an extremely user-friendly interface. RocketStream combines two protocols into one package so that customers get the best performance, no matter whether a data connection is 155 Mb/s or 1.5 Mb/s. To simplify workflow RocketStream provides automation features like job scheduling, hot folders, synchronization, and mirroring. The RocketStream Software Suite can be purchased today at the Proginet web site and free trials are available.

About Proginet Corporation

Proginet Corporation offers universal, multi-platform software solutions for fast, secure, and inexpensive file transfers both inside and outside the enterprise. Hundreds of companies worldwide rely on Proginet’s CyberFusion Integration Suite (CFI)® and SlingshotTM solutions to conduct business more efficiently while protecting customer data and limiting the risks associated with sharing proprietary information with partners and colleagues around the globe. With over 20 years of experience in the managed file transfer arena, Proginet’s global customer base spans more than 30 countries and includes many Fortune 500 companies. Headquartered in New York, the company is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.

Contacts

Proginet Corporation
Jeff Schlauch, 516-535-3621
jeff.schlauch@proginet.com

Contacts

Proginet Corporation
Jeff Schlauch, 516-535-3621
jeff.schlauch@proginet.com