Software security company set to release new product

June 26th, 2012 by simran Leave a reply »

A Brookside software security company says it’s poised to unleash the mongoose.

Select Technology Corp. is working on a cloud-based product that it aims to release this summer.

“We are small, quick, agile and deadly,” Ron McLeod, the company’s chief executive officer, said Monday of the Internet-based software that will be branded as Mongoose.

“The primary threat is hackers and automatic threats. You have things like bots out there that are software programs that are built to break into networks.”

The company said the software will give network managers cyber defence tools that cost less than a good computer, although it wouldn’t put a price on the product.

McLeod wouldn’t say if the company has any clients nailed down or how the software works. He is hoping the appetite for the program will be “very, very large.”

The four-person company, launched about 20 months ago, has tested the software with some companies that signed non-disclosure agreements on its inner workings.

“The requirement to do this type of analysis has been around for quite some time,” McLeod said. “There’s a lot of existing tools. But we’ve fundamentally changed the way that it happens. That’s why we’re being a little bit secretive about this.”

Select Technology has engaged Dawn Jutla, a professor at Saint Mary’s University in Halifax, to work on a project dubbed Cloud architecture and real-time big data analytics for privacy and security applications.

“If this thing takes off, we’re going to be producing a lot of data, and we need to have new and innovative methods of being able to store it, access it and analyze it,” said John Peters, the company’s president.

“And that’s the sort of thing that she’s helping us with.”

Jutla got a $25,000 National Research Council Canada grant to work on her project with the company.

“We know that the requirement to do traffic analysis is quite desperate, but the ability to do it with the current technology is very limited,” Peters said.

“It’s expensive, requires a lot of skills and takes a lot of time. And a lot of organizations just throw up their hands in frustration. We have an approach which breaks through all of those barriers. And we’re very convinced that, because of that, we can make this product take off.”

The company got this far on a mixture of public and private investment, Peters said.

But he refused to say how much of either went into Select Technology.

Source:http://thechronicleherald.ca/business/110856-software-security-company-set-to-release-new-product

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