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Online Currency Exchange Currenex Relies On Counterpane's Managed Security Monitoring -- MSM -- to Monitor Their Global Network.


Business Editors/High-Tech Writers

CUPERTINO, Calif.--(BUSINESS WIRE)--April 2, 2002

Currenex sees significant Return on Investment

(ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) from Counterpane's MSM MSM - Micronetics Standard MUMPS  

Counterpane 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.
, Inc., developer and acknowledged leader of Managed Security Monitoring (MSM), announced today a renewal contract to continue to provide MSM services world-wide to Currenex, the world's leading multi-bank online currency exchange.

"Financial markets can't operate without security," said Dr. James Kleckner, Currenex's Chief Technology Officer. "We have Fortune 100 companies doing multi-million-dollar transactions on our systems every day. These companies expect their information to remain private. Counterpane's Managed Security Monitoring is critical to delivering the Currenex service."

Currenex relies on Counterpane to monitor its network against attack, both internal and external. "Because Counterpane monitors both our perimeter security devices and our internal routers and servers, they can provide a level of monitoring that no one else can match," said Dr. Kleckner. "Over the past year, Counterpane's MSM has drastically reduced the amount of time Currenex's lead security engineer spends chasing false alarms. Counterpane pays for itself many times over during the course of a year."

"We've been with Counterpane for a year and a half now," stated Dr. Kleckner. "No other company out there is purely focused on monitoring and comes as highly recommended as Counterpane. They are core to our security strategy."

"Currenex uses the Internet to provide a new currency trading marketplace, but the Internet also brings new risks," said John Bruce John Bruce can refer to:
  • John Bruce (baseball) (c. 1856–1924), a baseball executive
  • John Bruce (Canada) (1837–1893), first president of the Métis provisional government during the Red River Rebellion
  • John Bruce (history) (c.
, Executive Vice President at Counterpane. "Counterpane's MSM service allows businesses to embrace the Internet safely. We protect enterprises doing business electronically, anywhere they work, and any time of the day or night. Currenex is leading the evolution of global currency trading, and they're protecting their customers with the most sophisticated security monitoring available."

Counterpane Internet Security, Inc.

Counterpane Internet Security, Inc. is the innovator and acknowledged leader in providing Managed Security Monitoring (MSM) services. MSM combines people and technology to safeguard businesses. Working from a network of technically sophisticated Secure Operations Centers (SOCs) and using progressive analysis tools, Counterpane has built the most advanced analysis, correlation, detection, and diagnosis technology, comprising of a Sentry monitoring probe on the customer's network and the Socrates knowledge base inside the SOCs. Using this technology, Counterpane's expert Security Analysts are able to detect security incidents<both external intrusions and insider attacks<in real time, and tailor immediate, effective responses for its customers. The company is funded by Accel Partners, Amerindo Investment Advisors, Inc., Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , Dell, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , and Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 Equity Fund. Headquarters are located at 19050 Pruneridge Avenue, Cupertino, California, USA. Phone: 408.777.3600, Fax: 408.777.3601, Website: www.counterpane.com.

Currenex, Inc.

Currenex (www.currenex.com) provides the first operational global currency exchange open to institutional buyers and sellers worldwide. Its Internet-based service, FXtrades, is a real-time foreign exchange platform that provides a total trading solution from initiation and execution to settlement and reporting. Currenex has multinational customers including MasterCard International, Royal Dutch/Shell Group and Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking  as well as 45 global, market-making banks including Barclays Capital, Merrill Lynch and ABN Amro. Founded in 1999, the company has offices in California, Chicago, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, London and Singapore.

Note to Editors: Counterpane is a trademark of Counterpane Internet Security, Inc. All other companies, brand names or products are trademarks or registered trademarks of their respective companies.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 2, 2002
Words:560
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