TriCipher Press Releases

TRICIPHER FORMS STRATEGIC ALLIANCE WITH INNET TO DISTRIBUTE MARKET-LEADING AUTHENTICATION PRODUCTS IN KOREA

Network integrator positioned to meet growing demand for user authentication – which has grown from niche solution to major market requirement

SAN MATEO , Calif. — Nov. 15, 2006 — TriCipher, Inc., the leading innovator and provider of future-proof, risk-based authentication, has signed Innet Co. Ltd., one of Korea’s top network integration service providers, to distribute the TriCipher Authentication Credential System (TACS) in the booming Korean market. TACS, the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure, will become part of Innet’s security-products portfolio, enabling Innet to provide a range of innovative authentication solutions to its extensive customer base of telecommunications service providers, banks, and government agencies.

Innet officials cited TACS’ flexible Authentication Ladder, unique in its ability to accommodate a wide range of multi-factor authentication options, as a critical step in its decision to partner with TriCipher. Officials noted that deployment of TACS would enable the company to offer its customers a “future-proof” authentication solution that enables its customers to quickly and easily adjust authentication policies based on changes in the business environment – for example, new regulations or emerging threats such as “Man in the Middle” or “Man in the Browser” attacks.

“As a leading network integrator, Innet has taken a commanding position in making network usage more efficient and convenient for Korean citizens,” said You-sig Kim, President & CEO of Innet. “Now, Innet is using its extensive networking and security experience to expand into the authentication market in Korea, a potentially huge, untapped market opportunity. By offering TriCipher’s first-of-its-kind multi-part credential technology as part of our security portfolio, we intend to take the lead in meeting the demand for innovative user-authentication solutions.”

Mr. Kim added that Innet networking systems incorporating TACS will provide its customers four critical components to network security: 1) integral authentication technology that virtually prevents identity theft, 2) hardened, secure storage and key management, for prevention of information leaks, 3) an integral token server solution that offers customers both security and convenience in authenticating themselves to a system, and 4) an open architecture designed to accommodate future multi-authentication devices. “TriCipher’s patented, field-proven technology will help Innet increase its competitive edge while enabling its customers to provide unprecedented levels of network security and user protection,” said Kim.

“Through top technology partnerships and a strong network-integration team, Innet has effectively penetrated companies and institutions that are on the forefront of network security in the burgeoning Korean market,” said John De Santis, CEO of TriCipher. “We’re very pleased to welcome Innet as a partner, and gratified that Innet has selected TACS as a central component in its security-solutions portfolio.”

About Innet Co., Ltd.
Innet is a Seoul-based firm focusing on Internet infrastructure, network training, security, and multimedia technologies. Since its establishment in 1996, Innet has become the leading provider of Internet networks in the Korean market. Partnering with Cisco Systems and other global technology firms, Innet serves customers in the telecommunications and financial service industries, and lists mobile carriers and large enterprises among its customers. Innet was established in 1996 and is listed on the KOSDAQ stock exchange.

About TriCipher, Inc
TriCipher, Inc. provides Future Proof Risk Based Authentication. The TriCipher Armored Credential System™ (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible “Authentication Ladder,” TriCipher delivers future-proof security — protecting customers’ investment by enabling authentication strength to adjust in response to new threats and regulatory changes without the need to implement a new infrastructure. In addition, TriCipher delivers risk-based authentication, preventing online fraud through seamless integration with fraud detection systems, secondary authentication systems, and the ability to enforce security software presence checks for malware protection. Founded in 2000, TriCipher is headquartered in San Mateo, California. The company is backed by ArrowPath Venture Capital, Intel Capital, Trident Capital, and Wasatch Venture Partners. For more information, visit TriCipher on the web at www.tricipher.com.

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TriCipher and Armored Credential System are either registered trademarks or trademarks of TriCipher, Inc. in the United States and/or other countries. All other products and services mentioned are trademarks of their respective companies

For more information, contact:
Elizabeth Safran
Trainer Communications
tc@trainercomm.com
(408) 920-0585

Seth Knox
TriCipher, Inc.
seth@tricipher.com
(650) 372-1328