IPVGIntellectual Property Ventures Group (Philippines)
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Our investment in Prolexic gives IPVG ownership of a propriety platform for DDoS mitigation that has a global application," said Enrique Y.
Joining forces with an aggressive company such as IPVG will allow Prolexic to extend its market leadership worldwide in the continuing arms race against DDoS attackers.
the data center subsidiary of IPVG, has worked with Prolexic to defend its customers against DDoS attacks for the past two years.
IPVG is a public company listed on the Philippine Stock Exchange with a current market capitalization of approximately PhP 3.
Lance Rosenzweig, PeopleSupport's CEO and Chairman, commented that, "We were prepared to give serious consideration to the IPVG and AO Capital proposal, but our Board requested customary information from IPVG and AO Capital, as a prerequisite, which would enable us to evaluate whether IPVG and AO Capital could obtain the funds necessary to complete a transaction.
Consistent with its fiduciary duties, the PeopleSupport Board of Directors will meet in due course to review and consider the IPVG Corp.
Through this partnership, IPVG is able to offer its customers a dynamic, and highly effective solution to DDoS attacks, which is considered to be the world's most costly form of cyber crime of late.
IPVG customers whose websites come under DDoS attack will initially have their traffic diverted through Prolexic's robust infrastructure in Europe and the States.
Nasdaq:JNPR) today announced that IP Converge, a wholly owned subsidiary of IPVG Corporation (PSE:IPVG) and one of the leading service providers in the Philippines, has deployed the Juniper Networks Integrated Security Gateway (ISG) 2000 firewall/virtual private network (VPN) to secure and assure its network infrastructure.