Critical Path To Acquire Secure File Delivery and Storage Company; Acquisition Provides Strategic Guaranteed Delivery Technology.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 4, 1999-- DocSpace Offers Secure, Internet-Based File Management Services Available Anytime, Anywhere, Anyplace an·y·place adv. To, in, or at any place; anywhere. See Usage Note at everyplace. Adv. 1. anyplace - at or in or to any place; "you can find this food anywhere"; (`anyplace' is used informally for `anywhere') anywhere Critical Path, Inc. (Nasdaq:CPTH), a leading provider of business-to-business Internet messaging solutions for corporations, Web portals See portal. , Web hosts and ISPs, today announced it has signed a definitive acquisition agreement to acquire The DocSpace Company, a leading provider of award-winning, Web-based services for secure file delivery, storage and collaboration. The acquisition will provide a key component of Critical Path's growth strategy and brings leading-edge, guaranteed delivery services to Critical Path's broad range of Internet messaging solutions offering customers the ultimate in flexibility, functionality and choice. Founded in 1997, DocSpace was the first and only document institution on the Internet with the mission to offer a range of services to the business customer, in a private, secure and reliable manner. DocSpace has developed a complete suite of fully-integrated services for e-courier (delivery), virtual hard drive (storage), and project collaboration (teamware). "Security and privacy are paramount to the future of e-business and communications on the Web," said Doug Hickey, Critical Path's president 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. . "As electronic documents are becoming increasingly complex and mission-critical, guaranteed delivery services are rapidly expanding. DocSpace has set the standard in the application of security technology to Web-based services, and has built one of the most sophisticated architectures to manage files in a Web-based environment. DocSpace's fully integrated family of services for delivering, storing and collaborating on files using a standard Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. will add a critical layer of value on top of our formidable messaging platform for the Internet markets." Expanded Services to Meet Customer Needs The prevalence of the Internet is driving the need for more Internet-based communication services. As a means to support the growing demands of its broad customer base, Critical Path is developing a full spectrum of Internet messaging solutions to complement its core email solutions. Services such as guaranteed delivery and unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. provide Critical Path with additional revenue streams, extend Critical Path's relationships with current customers and attract new customers. These services also allow Critical Path to expand its addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market through its complete portfolio of messaging application by virtue of its "midsource" strategy. This strategy enables customers to selectively outsource value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. and take advantage of new messaging technologies without altering their existing IT infrastructure. Services to Leverage the Internet DosSpace has developed a patent-pending web-based file management platform to offer secure file delivery, storage and collaboration services. DocSpace was one of the first Company's to offer a completely web-based SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. (Secure Socket Layer) and 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 (Public Infrastructure) enabled family of services. This allows customers to digitally sign and encrypt See encryption. each document they send, store and share using only a web browser. DocSpace's architecture was created with fundamental Internet technologies and security standards supported by leading 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. partners such as Verisign and RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. . Services based on this proprietary platform technology included: DocSpace Express is a secure Web courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. that addresses businesses' needs for: -0-
-- sending large files instantly 24 hours a day, 7 days a week
-- communicating securely using the most secure delivery method
today
-- tracking a delivery in real-time
-- being mobile and having a universally accessible centralized
environment to send AND receive messages and files from anywhere
-- cutting down on courier costs and eliminating lost e-mails
-- maintaining the integrity of a file throughout delivery
DocSpace Drive is a secure virtual hard-drive that addresses
businesses' needs for:
-- being completely mobile
-- accessing files from anywhere in the world
-- storing files in one centralized, secure location
-- backing up files quickly and easily
Manager is a secure virtual workspace that addresses businesses'
needs for:
-- collaborating with remote offices, suppliers, or clients
-- managing corporate documentation
-- maintaining version control of important documents
-- controlling & assigning privileges of team members
-- supporting fast cycled, multi-level projects
-- working with disparate document management systems
-0- About Critical Path, Inc. Critical Path, Inc. (Nasdaq: CPTH) is a leading provider of business-to-business Internet messaging solutions for corporations, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs), Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. companies, and Web portals. Critical Path has built an industry-leading global infrastructure with data centers connected to key Internet exchange points See IXP and NAP. , and currently reaches millions of end-users through its customer relationships. Critical Path provides reliable, secure, and scalable email, and a flexible suite of enhanced messaging services Abbreviated as EMS, an application-level extension to Short Message Service (SMS) for cellular phones available on GSM, TDMA and CDMA networks. An EMS enabled mobile phone can send and receive messages that have special text formatting (such as bold or italic), animations, to partners such as E
RADE, CompuServe, AltaVista, Network Solutions,
U S West, Sprint, and ICQ. Critical Path is headquartered in San
Francisco, California, with offices in locations nationwide and in
Germany and the UK. More information on Critical Path can be found at
www.cp.net.
Critical Path and the Critical Path logo are the trademarks of
Critical Path, Inc. All other trademarks are the property of their
holders.
This press release contains forward-looking statements. These
statements may be identified by the use of words such as "believes,"
"expects," "anticipates," "intends," and "plans." Actual results may
differ materially from those anticipated in these forward-looking
statements. These forward-looking statements are based on current
expectations that are subject to risks and uncertainties, including
those relating to the possible inability to complete the acquisition
as scheduled or at all. These risks and uncertainties include those
that exist with Critical Path's and The DocSpace Company's respective
business operations. These risks and uncertainties also include those
that relate to the proposed acquisition including risks that
integration of the operations, technologies and products of the
combined companies might not occur as anticipated, that management
attention might be diverted from day-to-day business activities of
both companies during the period through the closing and thereafter,
and that greater than normal employee turnover might occur prior to
and after the closing. Whether or not the proposed acquisition closes,
actual results of Critical Path, including Critical Path's results of
operations, may differ materially from historical results. For a more
detailed description of the risks related to Critical Path, please
refer to Critical Path's prospectus dated June 1, 1999, which has been
filed with the SEC.
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