Arthur Andersen Makes Equity Investment In Pilot Network Services, Inc.; Signs Strategic Partner Agreement With Secure Electronic Commerce Services Provider.SAN FRANCISCO--(BUSINESS WIRE)--April 9, 1998--Arthur Andersen announced today that it has made an equity investment in Pilot Network Services, Inc., the leader in providing secure Internet services for electronic commerce. Adding Pilot to its considerable arsenal of "best practice" solution providers for its clients, Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing will expand its Computer Risk Management services for secure network connectivity, enhanced access technology, and secure monitoring tools. Computer Risk Management services help clients manage the business risk associated with information technology. Pilot Network Services Inc. provides the first dynamic, multi-layered service for corporate Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. , monitored around the clock. With built-in security provided by the Dynamic Firewall(TM), Pilot protects corporate networks and Web sites by constantly scanning Internet, connections for attack patterns, and continually updating defenses to its nationwide secure network. The Pilot Dynamic Firewall incorporates multilayer filtering, application gateways, and proxied services, with proprietary deterrence deterrence Military strategy whereby one power uses the threat of reprisal to preclude an attack from an adversary. The term largely refers to the basic strategy of the nuclear powers and the major alliance systems. and defense techniques. "We help companies steer the course toward secure electronic commerce and Internet usage, while managing the business risk associated with Internet usage," said Russ Gates, Managing Partner, Arthur Andersen Computer Risk Management. "At Arthur Andersen, we see business risk affect companies most severely in terms of opportunities lost because they are afraid to move forward. The Pilot approach to Internet security clearly provides a way to significantly reduce the barriers that have kept so many companies from embracing electronic commerce over open public networks. We have invested in Pilot because we believe that it takes teamwork to win." "Corporations subscribing to Pilot's secure electronic commerce services can focus on their core business because they don't have to build and integrate security systems," noted Marketta Silvera, President, Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pilot Network Services. "By combining the security of Pilot's services with Arthur Andersen's business process expertise, corporations can deploy electronic commerce applications knowing that both technical and business risks are being managed. Arthur Andersen Computer Risk Management improves business performance through a comprehensive approach to managing policy, technology, deployment and monitoring process. The Pilot Dynamic Firewall(TM), the foundation for secure electronic commerce works well with Arthur Andersen's Risk Management Framework(SM)." The investment was initiated by Arthur Andersen Knowledge Enterprises, a newly formed operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon focused on opportunities related to electronic commerce and the new interactive media. Thomas B. Kelly, the managing partner of Knowledge Enterprises observes that "the Pilot alliance is another step in the evolution of the firm's electronic commerce strategy and is further evidence of the importance of this area to the firm's clients." Arthur Andersen is a global multidisciplinary professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization that provides client service through assurance & business advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , business consulting, economic & financial consulting, and tax and legal & business advisory services. Its 58,000 professionals in 79 countries assist clients in improving business performance by combining extensive technical competence technical competence, n the ability of the practitioner, during the treatment phase of dental care and with respect to those procedures combining psychomotor and cognitive skills, consistently to provide services at a professionally acceptable level. and industry experience with innovative and progressive thought. Pilot is the first utility provider of secure electronic commerce services. Pilot connects corporations to the Internet through Secure Network Service Centers nationwide. Services include secure Internet access See how to access the Internet. and gateways; electronic commerce; and Intranet/Extranet Services with encryption, authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. , access control, virus scanning; and web filtering Blocking access to unwanted Internet content. Businesses can block content based on traffic type. For example, Web access might be allowed, but file transfers may not. Content can also be blocked by site, using lists of URLs cataloged by content that are updated frequently. -- all protected by the Pilot Dynamic Firewall. Headquartered in Alameda, Calif., Pilot can be reached online at www.pilot.net or at info@pilot.net CONTACT: Brad Carrier, 415/546-8775 Emma Rosen, 510/433-7851 |
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