IRE and CyberGuard Partner to Provide Complete Security Solutions for Internet Business Communication.BALTIMORE and FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Aug. 8, 1996--Information Resource Engineering Inc.(IRE), a leading provider of secure remote access products, and CyberGuard Corporation, a leading provider of network security solutions, today announced a joint Product Development and Marketing Agreement to provide a family of leading-edge complete security solutions including a Virtual Private Networking (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) security solution for Internet business communications. Slated for availability in 1996, this family of security solutions will combine IRE's expertise in encryption technology and central security management, with CyberGuard Corporation's multi-level network security expertise. The strong encryption An encryption method that uses a very large number as its cryptographic key. The larger the key, the longer it takes to unlawfully break the code. Today, 256 bits is considered strong encryption. As computers become faster, the length of the key must be increased. , user authentication See authentication. and central management of IRE's SafeNet product line will be combined with the high security, throughput and availability of the CyberGuard Firewall. Organizations are now realizing they can utilize the Internet with a firewall and encryption solution instead of private networks, which significantly reduces communication costs. As an example, the VPN market is growing rapidly - recent estimates range from 70-100 percent annually through the year 2000. The IRE/CyberGuard VPN solution will provide companies worldwide with an easy to use, cost effective, centrally managed security system optimized for VPNs (use of the Internet as a corporate network replacing expensive conventional networks). Both IRE and CyberGuard will jointly market and sell this family of security solution. "Unlike vendors offering only token or password solutions, the IRE/ CyberGuard solution offers the best of breed firewall, data encryption data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used primarily to protect diplomatic and military secrets from foreign , authentication of users and central management - the approach is revolutionary, allowing customers to choose their security level based on their needs with efficient system management," said IRE Chairman Anthony Caputo. "The combined IRE/CyberGuard solution will provide the best available security solution to businesses, banks and government, scaleable to support departments as well as entire worldwide enterprises." "Through providing the best security for their Internet-enabled enterprise networks, including money-saving use of the Internet for business communication, the partnership announcement reinforces our commitment to providing leading enterprise-wide security solutions that protect networks from unauthorized access," said Robert Carberry, CyberGuard chairman, 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. . The CyberGuard Firewall is a multi-level security system that resides between a company's internal networks or Intranets and other external networks, such as the Internet to prevent intrusion from outsiders looking to penetrate a company's sensitive and proprietary data. SafeNet products are being used by banks and corporations to identify remote users, allow selective access to organization sites, encrypt data for privacy an authenticate data to prevent modification in applications such as securities trading and corporate branch office communications. The SafeNet product includes IRE's unique SafeNet/Dial portable secure modem which combines both security and high performance personal communications. Company Background CyberGuard Corporation, with headquarters in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , is the former Trusted Systems Division of Harris Computer Systems Corporation. CyberGuard develops commercial network security products designed to protect data on computer networks from access by unauthorized users. The company targets organizations in industries such as finance, healthcare, communication, education, manufacturing and government that require a proven security solution. The CyberGuard Firewall has an operating system and networking product that have been tested and certified by the National Computer Security Center (NCSC (National Computer Security Center) The arm of the U.S. National Security Agency that defines criteria for trusted computer products, which are embodied in the Orange Book and Red Book. ) at the B1 level of trust and by the National Computer Security Association (NCSA (1) (National Center for Supercomputing Applications, Urbana-Champaign, IL, www.ncsa.uiuc.edu) A high-performance computing facility located at the University of Illinois at Urbana-Champaign. ). CyberGuard Corporation is a publicly held company and traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol `CYBG'. Information Resource Engineering, Inc. (NASDAQ:IREG IREG International Roaming Expert Group (Global System for Mobile Communication Association) IREG ITU-T Recommendation Experiment Group ) is a leading developer and manufacturer of secure communications systems solutions that secure data transmissions on computer networks through the use of Encryption Technology. Organizations using IRE products include J.P. Morgan & Company, Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. and Banc One. IRE systems are installed at a number of major international organizations including Euroclear Operations Centre in Brussels, the Central Bank of Sweden, and the Post Office Saving Bank of Singapore. The United States Treasury Department, Lucent Technology and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Telecommunications Corporation also employ IRE Secure Communications Systems to protect sensitive data. Additional company and product information can be accessed via each company's World Wide Web sites at http://www.ire.com or http://www.cyberguardcorp.com -0- Note to Editors: For additional company or product information from CyberGuard Corporation via fax, please call 800/344-4297. Trademarks are property of their respective owners. In the World Wide Web addresses noted in this news release, there is a double slash between http: and www.ire.com and between http: and www.cyberguardcorp.com. These symbols may not appear properly in some systems. CONTACT: IRE Roberta Bowersox, 410/931-7583 or CyberGuard Corp. Lisa Thornhill - Media/investor relations 954/977-5615 or Cameron Associates Tom Ennis, 212/644-9560 or FitzGerald Communications Fred Bateman, 617/494-9500 |
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