Poised for Growth, Blackpoint Receives Investment from Telcom Ventures, Announces Additions to Its Board of Directors

Ellicott City, MD, February 19, 2016 --(PR.com)-- Blackpoint, a leading cyber security technology company, announced a new investment from Telcom Ventures. Dr. Rajendra Singh, the principal owner of Telcom Ventures and a Wireless Hall of Fame inductee has joined the Board of Directors of the company. Telcom Ventures, LLC, is a private investment firm based in Miami, Florida specializing in new wireless communications systems and technologies. Under Dr. Singh’s direction, Telcom Ventures and its affiliates have launched numerous wireless and other telecommunication systems throughout the world.

As a significant milestone in rapid commercialization of its technologies, Blackpoint announced that Hamid Akhavan, a globally recognized leader in Telecommunication/Media/Technology (TMT) field is also joining the Board of Directors and has been appointed as the Chairman of the Board of Directors. Mr. Akhavan brings extensive international operational expertise to the company, which will strengthen Blackpoint’s unique product and technology position in the marketplace. Mr. Akhavan previously served as the CEO of T-Mobile International, as well as the Chief Operating Officer (COO) at Deutsche Telekom Group, where he was responsible for the company’s mobile operations in Europe, and was also the Chairman of the Executive Operating Board at Deutsche Telekom. "With the addition of Raj and Hamid to our distinguished Board we are well poised to accelerate our growth and development. I am delighted to have the benefit of their vast knowledge and experience which perfectly complements our unparalleled technology and product domain expertise," said Jon Murchison, CEO of Blackpoint.

Blackpoint develops state of the art proprietary cyber security products. The first product family is a cyber defense fortification, intrusion detection, treatment, and recovery system protecting the entire enterprise information infrastructure with priority on high-value and mission-critical assets known as SNAP - Secure Network Analysis Platform. The second product family, Teton, offers powerful capabilities for corporations to maintain awareness of the location of their personnel in dangerous environments, provide an emergency/panic signal for employees, and allows for secure group communications and automated threat intelligence delivery.