Cryptomathic and Ingrian Announce Strategic Partnership to Deliver Digital Signatures ''On Demand''; Secure Mobile Transactions and Non-repudiation With Zero Client Footprint.

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Feb. 5, 2003

Ingrian(TM) Networks, the leader in application security for Internet-powered businesses, today announced a strategic alliance with Cryptomathic, a leading provider of e-Security solutions. The two companies have joined forces to provide an innovative solution that allows remote users to carry out secure, signed transactions from nearly any terminal or mobile device connected to the Internet.

One of the major challenges faced by e-Business participants is the ability to effectively provide secure, truly mobile transactions as well as non-repudiation by means of encryption and digital signatures. Traditionally, this capability has only been possible through the installation of specialized client software onto individual PCs and/or the combination of dedicated physical tokens (such as smart cards). These two requirements have prevented users from conducting their banking business or other mobile transactions from mobile devices and PCs other than their own, and often necessitate the distribution of smart cards as well as smart card readers. In addition, the difficulties that surround management of software and hardware on the client-side have significantly increased the support and maintenance costs of those applications. With the Ingrian-Cryptomathic joint solution these limitations no longer exist.

"The perfect match of the Cryptomathic Signer and the Ingrian application security solution to any client on the Internet is the best thing that has happened in security since the introduction of the chip card, perhaps even better," said Peter Landrock, Executive Chairman of Cryptomathic. "It is a virtual chip card for private keys, which is completely tamper resistant and may be used anywhere. And even better, it will make PKI transparent to the user."

The joint solution from Ingrian and Cryptomathic has the capability to offer strongly authenticated, signed transactions to remote users with zero client footprint. Cryptomathic Signer stores the user's private signature key data, allowing them to conduct electronic transactions and create digital signatures at any time and from any PC or device with a browser. Ingrian's application security products secure all client transactions, in transit and storage, and can be seamlessly added to any existing application infrastructure.

"Ingrian is pleased to be working with Cryptomathic to address this authentication problem in context of a complete end-to-end security solution," said Jim Vogt, President and CEO of Ingrian Networks. "It is consistent with our own vision of complete e-Transaction Privacy and promises to help accelerate the adoption of secure mobile transactions."

The combination of Cryptomathic's best-of-breed key protection and management technologies and Ingrian's ability to ensure complete privacy of Internet transactions, both in transit and in storage, make this a compelling solution for any organization looking to enhance the security and capability of their existing applications.

About Ingrian Networks

Ingrian Networks delivers on the promise of e-Transaction Privacy(TM), enabling forward-looking businesses to protect their applications and data in transit across the Internet and in storage on internal servers and databases. The company's comprehensive application security solutions consist of patent-pending security software integrated into a family of secure transaction platforms. The result is complete, end-to-end privacy of all Web-based transactions, including e-commerce, e-mail, ERP, and more. Ingrian is a privately held company backed by such investors as American Express (NYSE:AXP), JAFCO Ventures, Partech International, and Prism Venture Partners. For more information, visit www.ingrian.com.

About Cryptomathic

With more than 15 years of experience, Cryptomathic is one of the world's leading providers of e-Security. Cryptomathic specializes in commercial cryptography and assists customers in securing their business by providing best-of-breed e-Security software products and services as well as consultancy and education. The product portfolio covers toolboxes for professional application development, trust products as well as pre-personalization of payment smart cards. Customers are being served through the head office in Denmark and established subsidiaries in Belgium, Italy, England and Germany. Major shareholders in Cryptomathic are Maersk and Infineon Technologies (through Guardeonic), each holding 25%, the rest owned by the original founders. Please visit Cryptomathic's web site at www.cryptomathic.com.