Company Offers Economic Relief Through New Pricing Plans

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Starting immediately, all Patrick Townsend Security Solutions data security and key management products will be available for purchase on a monthly subscription plan. These new pricing plans, plus expanded IT services are designed to help potential customers to move forward with data security initiatives during a period of limited capital budgets.

Patrick Townsend Security Solutions announced today that it would immediately begin offering subscription-pricing plans to help companies meet critical security needs during the current economic downturn. The new pricing programs will complement the company's existing perpetual licensing plans, and will make it easier for all potential customers to move forward with data security initiatives during a period of limited capital budgets.

Patrick Townsend, President and CEO, said, "Many companies large and small are dealing with survival issues and the budget and personnel stresses are incredible. The demands on IT have increased and in many cases the available resources have decreased. We're doing what we can to help everyone get through these difficult times. By leveraging our financial stability, we can now offer more choices for software licensing and support plans that make it easier to move forward with data security initiatives at prices that work for everyone's needs."

Starting immediately, all Townsend data security and key management solutions will be available on a monthly subscription plan. These new licensing programs will require no up-front fees and will include full software support. This will allow companies to move forward with mission-critical projects without the need to justify new capital budget requests. The new subscription-pricing program will be available to new and existing Townsend customers to be used for any new license purchases.

In addition to subscription pricing, Townsend is also offering new services to help customers implement their security solutions. In many cases, economic stresses have resulted in staff reductions, which can limit the ability of companies to make strategic decisions. Townsend will help move IT security projects forward by offering contract implementation services that will augment and support existing IT resources.

Mr. Townsend added, "This is personal for me. My background is in Corporate IT, and our company was a small start-up just a few years back. It is painful to see good companies and good people suffer through the worst economy I've experienced in my lifetime. We're all in this together, and I intend to do everything I can to help companies weather this storm."

Patrick Townsend Security Solutions (PTSS) provides data encryption, key management, and compliance logging solutions to the world's largest companies. Known as the encryption company, PTSS can be reached on the web at http://www.patownsend.com or at (800) 357-1019.

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