TORONTO, ONTARIO – June 24, 2014 – Compugen and SRG Security Resource Group Inc. (SRG) announced today their plans to enter into an agreement whereby SRG will provide a comprehensive set of Managed Security Services to Compugen clients in Western Canada.

A significant portion of all security services are now being delivered via external managed services providers. According to Gartner research, the value of IT managed security services is forecast to grow from $12 billion in 2013 to $22.5 billion in 2017. The increase in demand for managed security services is largely due to the growing threat of security incidents and the need for organizations to efficiently improve their service levels to customers and employees.

Compugen’s Managed Security Services is directed at such organizations, and will be jointly delivered in Western Canada by Compugen and SRG.

“We look forward to working with SRG in Western Canada to provide state-of-the-art managed security services to our customers,” said Harry Zarek, President and CEO of Compugen. “This partnership will allow Compugen to offer a consistent, concierge-level managed security service across the country.”

“SRG already provides top-level IT and information security management services in Western Canada. Our new relationship with Compugen leverages our IT security strengths while creating a broader portfolio of IT solutions that will be compelling to customers. Through this arrangement, SRG and Compugen will serve large and mid-size organizations in the West with a full range of leading-edge managed security services.” said Blair Ross, President and COO of SRG.

About Security Resource Group

SRG is a Saskatchewan based company that was established as a Security Consulting firm working with business and governments across Western Canada to improve the level of security for their personnel and property. SRG has a large compliment of professional resources for customers to take advantage of. Since 1996, SRG has expanded and today operates with approx. 700 employees across three divisions focused on Security; Protective Security Services, Private Investigation Services, Information Technology Security Services. www.securityresourcegroup.com