Shares of Supercom Ltd (NASDAQ:SPCB) ended Tuesday session in green amid volatile trading. The shares closed up 0.18 points or 4.51% at $4.17 with 76,612 shares getting traded. Post opening the session at $4.01, the shares hit an intraday low of $4.01 and an intraday high of $4.30 and the price vacillated in this range throughout the day. The company has a market cap of $70.80 million and the numbers of outstanding shares have been calculated to be 13.74 million shares. Supercom Ltd (SPCB) a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors announced that it has acquired Safend Ltd., a global data security company with a broad range of competitive and well-known encryption and data protection solutions. The acquisition is in line with SuperCom´s stated strategy to offer complementary security products and solutions to its growing customer base. Safend is an international provider of cutting edge endpoint data protection, guardingagainst corporate data loss and theft through content discovery and inspection, encryption methodologies, and comprehensive device and port control. Safend maps sensitive information and controls data flow through email, web, external devices and additional channels. Founded in 2003 and headquartered in Tel Aviv, Israel, Safend has over 3,000 customers in the United States, Europe, and Asia, and more than three million software license seats deployed by multinational enterprises, government agencies and small to mid-size companies around the globe. Safend will also continue to provide full support, services and upgrades for its award winning Data Protection Suite, including Safend Discoverer, Safend Inspector, Safend Encryptor, Safend Protector, Safend Auditor, and Safend Reporter. Mr. Gil Alfi, V.P. of Sales and Technologies at Safend commented, “We are excited to join SuperCom, which will provide Safend with new capabilities, resources and knowhow to further evolve our R&D effortsand allow us to increase the value of our current offerings and product portfolio. We look forward to developing new complementary products, while continuing to provide outstanding support and services to our global customer base of high quality enterprises and organizations.” “This synergistic and accretive acquisition provides us with new technology and an established customer base that will unlock new opportunities for SuperCom and strengthen our Cyber and Data Protection capabilities,” commented Arie Trabelsi, CEO of SuperCom. “We continue to add more state-of-the-art solutions to sell to a growing installed customer base, while simultaneously expanding our addressable market.” Mr. Trabelsi added, “With growing security needs for nations and organization around the world, public and private organizations are increasingly looking for reliable partners to help them navigate this rapidly changing, unsecured environment. Our breadth of experience providing National Security solutionshas positioned us very well as a trusted partner for a wide spectrum of demand in public security. With the addition of Safend capabilities, and their experienced team of security experts, we will be able to offer complementary cyber and data security solutions as part of our broad security offering. Additionally, we would be able to leverage Safend expertise and products to enhance security on our other existing product platforms in the IoT, secure payments, and e-Gov spaces.” Safend´s average annual revenue in recent years as a subsidiary of Wave Systems Corp. was approximately $5 million with typical software licensing gross margins. The majority of these sales were generated through Wave Systems Corp. and its worldwide distribution network, which will no longer be available to distribute Safend products. Going forward, while the high level of service and support will continue as usual by the Safend team, new sales will be generated through Safend and SuperCom´s global distributionchannels. As a result of this transition, the level of annual revenues from Safend´s products in the near future is uncertain, but expected to grow and exceed historical levels after proper absorption into the new sales channels. In consideration for this acquisition, SuperCom will provide Safend up to $1.5m of working capital to support its activity and growth through a structured debt and equity vehicle, SuperCom Ltd. provides traditional and digital identity solutions to governments, and private and public organizations worldwide. The company offers real-time positioning, tracking, monitoring, and verification solutions enabled by its PureRF wireless hybrid suite of products and technologies that are connected to a Web-based interactive interface. Its PureRF suite is a location position system solution based on active radio frequency identification (RFID) tag technology that enables commercial customers and governmental agencies to identify, locate, track, monitor, count, andprotect people and objects. The companys PureRF suite provides various product components, such as PureRF tags, hands-free long-range RFID asset tags, hands-free long-range RFID vehicle tags, PureRF readers, PureRF activators, and PureRF Initializer. In addition, it provides house arrest monitoring systems, GPS offender tracking systems, PureMonitor offender electronic monitoring software, inmate monitoring systems, and domestic violence victim protection systems. Further, the company offers national identification registries, e-passports, biometric visas, automated fingerprint identification systems, digitized drivers licenses, and electronic voter registration and election management through the companys MAGNA common platform to the law enforcement agencies, community safety agencies, and the ministries of justice. Additionally, it provides SuperPay, a secure mobile payment hybrid suite; PureMoney Suite that provides mobile money applications and services; and SuperPOS, a platform toperform mobile payments. It sells its systems and products through local representatives, subsidiaries, resellers, and distribution channels that include direct sales and sales through traditional distributors or resellers. The company was formerly known as Vuance Ltd. and changed its name to SuperCom Ltd. in January 2013. SuperCom Ltd. was founded in 1988 and is headquartered in Herzliya, Israel. For more info visit Website: