VirnetX launches Gabriel suite; shares +3.4%

• VirnetX (NYSE:VHC) states its anticipated Gabriel secure collaboration suite will be available for download on May 19. Messaging, VoIP, video call, and file-sharing/syncing apps are included.
• The apps, which enter a very competitive messaging/communications app space, are launching on Windows, Android, Mac OS, and Linux (other platforms will be supported later). Downloads will be free; VirnetX plans to monetize the apps via in-app purchases.
• A Gabriel public beta was launched in December. SA author Tom Shaughnessy provided upbeat comments about Gabriel's end-to-end security features last May.
• Shares are higher amid a 1% gain for the Nasdaq. They sold off on Monday following an adverse USPTO ruling, but more than recovered their losses on Tuesday.