Dan Lynch, Internet Industry Pioneer, Makes Equity Investment in Aventail Corporation; Dan Lynch Founder of CyberCash and Interop.SEATTLE--(BUSINESS WIRE)--July 30, 1996--Aventail Corporation, a leading vendor of Internet Access Management and Security software, today announced that Internet industry pioneer, Dan Lynch, has become an investor in the firm. Aventail will use the investment proceeds to further its sales, marketing, and development efforts. Mr. Lynch has also been named to Aventail's Board of Directors. Aventail is developing the world's first commercially supported SOCKS 5 server based upon the recently ratified SOCKS 5 security protocol (RFC (Request For Comments) A document that describes the specifications for a recommended technology. Although the word "request" is in the title, if the specification is ratified, it becomes a standards document. 1928 and 1929). Aventail sees tremendous market opportunity for a new class of corporate Internet Access Management and Security solutions based upon the SOCKS 5 standard. These solutions enable organizations to maintain secure and managed Internet access. "The SOCKS 5 protocol provides a framework for the development of sophisticated, yet easily managed Internet Access Management applications," said Evan Kaplan, 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 Aventail. "We're extremely pleased to have the backing of Dan Lynch, whose industry insight and vision will make a fundamental contribution to our success." "Aventail has assembled a top notch team of some of the Internet industry's brightest engineers," said Mr. Lynch. "Aventail's SOCKS 5 products will be well-received by the growing ranks of network administrators who are struggling to reduce the complexity of managing Internet access." Aventail's products provide Internet usage monitoring, auditing, logging, blocking, intrusion detection, and database integration. By processing Internet usage requests based upon a set of rules defined by the network administrator, Aventail's products provide bulletproof Refers to extremely stable hardware and/or software that cannot be brought down no matter what unusual conditions arise. See industrial strength. bulletproof - Used of an algorithm or implementation considered extremely robust; lossage-resistant; capable of correctly Internet access management and security. About Dan Lynch Dan Lynch is chairman and founder of CyberCash, Inc. (Nasdaq: CYCH), the world's leading provider of secure Internet payment services. He is also the founder of Interop Company and a member of the Board of Directors for Internet access provider See ISP. (networking, company) Internet Access Provider - (IAP) A company or other origanisation which provides access to the Internet to businesses and/or consumers. , UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for (Nasdaq: UUNT). Mr. Lynch is a member of ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. , ISOC See Internet Society. ISOC - Internet Society , and IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. , and is actively involved in promoting the spread of the Internet. Mr. Lynch is an active investor in several Internet startup companies, including PGP (Pretty Good Privacy) A data encryption program from PGP Corporation, Palo Alto, CA (www.pgp.com). Published as freeware in 1991 and widely used around the world for encrypting e-mail messages and securing files, PGP is available for commercial use and as freeware for , Inc., The McKinley Group, and Infoseek (Nasdaq: SEEK). About Aventail Founded in 1996, privately held Aventail is a leading vendor of Internet Access Management products for Windows and Unix environments. Aventail's products, which are built around the IETF-approved SOCKS 5 protocol standard, allow network administrators to provide their organizations secure and managed Internet access. The company has offices in Seattle, Washington, and can be reached by phone at (206) 524-0841 or by fax at (206) 524-0374. Aventail's web address is www.aventail.com. CONTACT: Dovetail Public Relations Mark Coker, 408/395-3600 dovetailpr@aol.com or Aventail Corporation Evan Kaplan, 206/524-0841 evank@aventail.com |
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