Akamai and CoreStreet to Offer Distributed Computing Security Solution; Companies Team to Introduce Massively Scalable Certificate Validation Solution.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 10, 2003 Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. (Nasdaq: AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ) and CoreStreet, Ltd., today announced a joint agreement to cooperatively sell RTC See real time clock. Edge Edition(TM) powered by Akamai(R) - a version of CoreStreet's Real Time Credentials product that provides enterprises with a cost effective and massively scalable way to validate digital certificates. By running CoreStreet's application at the edge of the Internet via Akamai's global network, RTC Edge Edition powered by Akamai eliminates the most significant cost and performance bottlenecks of traditional PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of systems. "RTC Edge Edition powered by Akamai is a significant development with immediate application in the homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , defense and intelligence communities," said James Eccleston, Former Assistant Deputy Under Secretary of Defense (Logistics), Supply Chain Integration and currently serving as President, Federal Sector for Advanced Software Design, Inc. "The ability to determine an individual's access privileges, anywhere, any time, even in a disconnected environment is critically important for national security." RTC Edge Edition powered by Akamai provides a unique solution for the government and financial sectors where identity card programs are currently in use. "Our work with CoreStreet will provide enterprises with an efficient, cost-effective, on demand solution that extends the power of traditional certificate validation to achieve greater reach, higher performance and increased reliability in a distributed environment," said Andy Ellis, director of Information Security, Akamai. "With RTC Edge Edition powered by Akamai, it is now possible to extend certificate status checking to the Internet's edge, providing the first truly scalable and cost-efficient infrastructure for this application." "The basic philosophy behind CoreStreet's Real Time Credentials, is that security-sensitive operations, such as performing digital signatures should be decoupled from non-sensitive operations, such as the distribution of data," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Phil Libin, president of CoreStreet. "By applying design principles which follow from this philosophy, CoreStreet, in collaboration with Akamai, is bringing to market a standards-based PKI solution that virtually eliminates the biggest headaches of traditional security transactions." Akamai and CoreStreet will each promote RTC Edge Edition powered by Akamai. Each company will sell its own products and services as part of the validation solution. About CoreStreet Bridging the security gap between physical and information security, CoreStreet provides the only secure authorization and validation technology for connected and intermittently connected environments. Combining security, safety and convenience, CoreStreet enables organizations to grant or revoke an individual's access rights to buildings, computer networks, laptops or wireless devices immediately in real time. For more information visit www.corestreet.com. About Akamai Akamai(R) provides services that enable the world's leading enterprises and government agencies to extend and control their e-business infrastructure. Having deployed the world's largest, globally-distributed computing platform See platform. , Akamai ensures the highest levels of availability, reliability, security, and performance of networked information and application delivery. Headquartered in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. , Akamai's industry-leading services, matched with world-class customer care, are used by hundreds of successful enterprises, government entities, and Web businesses around the globe. For more information, visit www.akamai.com. Akamai Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, changes in the Company's market focus, intentional disruptions to its network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and other documents periodically filed with the SEC. |
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