Cybertek Holdings To Distribute MEMCO's SeOS In Korea.NEW YORK--(BUSINESS WIRE)--May 27, 1997--MEMCO Software Ltd. (Nasdaq: MEMCF), a leading provider of information security software solutions, announced today that it has signed an agreement with Cybertek Holdings, Inc. to distribute MEMCO's Security for Open Systems (SeOS)(TM) products in Korea. SeOS actively protects critical information stored on open system computing platforms and facilitates central security management on multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. . "We expect MEMCO's innovative security solutions to significantly accelerate our customers' ability to safely broaden their use of electronic commerce and augment the level of information protection within their corporate networks. I believe that SeOS is going to set a new level for information security standards The term "standard" is sometimes used within the context of information security policies to distinguish between written policies, standards and procedures. Organizations should maintain all three levels of documentation to help secure their environment. . We are pleased to provide our partners and the market with MEMCO's comprehensive SeOS security software," commented Sang-Bae Kim, 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. of Cybertek. "MEMCO Software is excited to add Cybertek to our international network of systems integrators," said Eli Singer, president of MEMCO Software Inc. "In this rapidly evolving market, Cybertek provides proven integration and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services required to deploy security solutions to the Korean market. The combination of Cybertek's efficient distribution network and MEMCO's world class security products will enable Cybertek to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing Korean information technology market." "Cybertek's focus on the Korean electronic commerce market is helping them to emerge as one of the market leaders in Asia," said Tony Genaro, MEMCO's vice president for Global Channels and Partnerships. "We're extremely pleased to partner with a company of their stature. The partnership represents a significant beginning for MEMCO in the fast growing, strategic Asia/Pacific market." Security For Open Systems SeOS Access Control and SeOS Security Administrator provide a unique and comprehensive security solution which emphasizes protection of servers, where corporate data and mission-critical applications reside. SeOS Access Control revolutionizes UNIX security Unix security, maintaining a secure environment on Unix and Unix-like operating systems is dependent on design concepts of these operating systems, but vigilance through user and administrative techniques is important to maintain security also. by preventing abuse of super-user privileges, maintaining true accountability, and enforcing identical security across multiple platforms. The SeOS Security Administrator enables organizations to centrally deploy and manage consistent security policies across multiple platforms. Its unique Security Wizard facilitates quick creation of detailed security policies from a knowledge-base of information security policies. The Korean Information Technology Market The Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. continues to be one of the strongest segments of the worldwide IT market. The Korean market is quickly taking advantage of the power of electronic commerce. To overcome the geographical and cultural challenges of its region, Korea has focused its connection to the world economy primarily through information technology. Korea's information industry continues to grow as the country cultivates advanced technology companies. In recent years, use of the Internet in Korea has increased significantly, emphasizing the need for information protection within the software market and for users of advanced technology such as the finance and research industries. As the country continues to expand its use of the World Wide Web for international electronic commerce, its need for secure environments will continue to grow. Companies providing these technologies and integrated solutions will become industry leaders, shaping the use of business applications that will distinguish Korea's economy. About Cybertek Holdings Established in September of 1995, Cybertek Holdings is the joint investment computer software company of 12 share holding companies in electronic commerce and related business fields. Cybertek is well on its way to assuming a visible leadership role in all sectors of Electronic Commerce, already setting its landmark on the Multi-Media Information Exchange. Cybertek's main business activities include providing Internet-related component products and integration services to its customers, and developing web merchant and publishing systems that cater to the Korean marketplace. To learn more about Cybertek, please visit its Web site at http://www.cybertek.co.kr. About MEMCO Software A leading provider of advanced information security solutions, MEMCO Software offers a comprehensive product set designed to address enterprise security concerns. MEMCO's solutions effectively enforce, administer and control security and productivity in distributed environments. The Company's software products include SeOS Access Control, SeOS Security Administrator, Proxima Single Sign-On An identification system that lets users log into multiple Web sites on the Internet with one username and password. Single sign-on systems are also used within an enterprise, enabling users to access all authorized resources in the local network using the same username and password. , Proxima Manager and the SeOS Secured! family of application-security solutions. MEMCO successfully partners and integrates its products with leading providers of complementary technologies and has also formed strategic distribution partnerships with Platinum Technology Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of Database Management software products and the applications enabled by database management technology and render related services. and Tivoli Systems Incorporated, an IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) company. The Company's international headquarters are located in Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel. MEMCO operates in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. through MEMCO Software Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information about MEMCO Software, please visit its Web site at http://www.memco.com. (c) 1997 MEMCO Software Ltd. MEMCO, SeOS Access Control, SeOS Security Administrator, Proxima SSO See single sign-on and CSO. SSO - single sign-on , Proxima Manager and SeOS Secured! are proprietary trademarks of MEMCO Software Ltd. All other product names mentioned herein are trademarks of their respective owners. CONTACT: EDITORIAL CONTACTS: Peter Harrison Eileen Shell/Andrew Lavin MEMCO Software Inc. A. Lavin Communications 212.891.9628/800.862.2602 212.354.2266 peterh@memco.com alavincom@aol.com |
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