Viisage Technology Partners With Netegrity For Enhanced Online User Access.
LITTLETON, Mass.--(BUSINESS WIRE)--Nov. 27, 2001
Viisage Technology, Inc. (NASDAQ: VISG), the leader in face-recognition technology and identification systems and solutions, announced today that it has partnered with Netegrity, Inc. (NASDAQ: NETE), the leading provider of solutions for securely managing e-business relationships.
This partnership will enhance online security, privacy, and convenience by integrating Viisage's face-recognition with Netegrity's SiteMinder products. SiteMinder controls user access to e-business web sites, seamlessly creates e-partnerships, and secures business-to-business transactions. Netegrity's customers include, Compaq, Delta Airlines, MCI Worldcom, General Electric, and more; all of which could benefit from the added security and simplicity of Viisage's face- recognition technology.
Marc Hodosh, Director of Biometric Business Development, said, "Netegrity is clearly a leader in the online market place and they have an excellent understanding of online user access control. I look forward to working with Netegrity and further introducing face recognition across a large-scale market." Netegrity's senior manager, Sumner Blount, commented, "We are pleased to be partnering with Viisage, since the role of biometric techniques such as face recognition are sure to increase in importance among our customer base, particularly in light of recent events."
Tom Colatosti, Viisage president and CEO, remarked, "Netegrity's expertise and widely accepted products provide Viisage with a great solution and channel for reaching businesses on the Internet. As well, our face recognition further improves SiteMinder by authenticating individual users, not just passwords or terminals."
About Viisage Technology
Viisage Technology is the world leader in biometric face-recognition technology and identification systems and solutions that enhance consumer convenience, improve security and protect personal privacy. Originally developed at MIT, Viisage's patented, accurate, non-intrusive and cost-effective face-recognition technology is widely acknowledged for its unmatched performance including speed in real-time applications, scalability for managing large image databases, and systems integration for complete customer solutions.
Viisage provides a full family of face recognition products. FaceEXPLORER(TM) is a powerful and scalable image retrieval and analysis database product, used to combat identity fraud - it is implemented in the world's largest face recognition system with more than 8 million enrolled images. FaceFINDER(TM), acclaimed for its processing speed, is the industry's most widely implemented surveillance and identification system - it is installed in more than 100 casinos worldwide and has been deployed to improve security at premier sporting events. FacePASS(TM) (for PC, Mobile, & Internet) provides secure authentication for PC, Internet and e-commerce connections. FacePIN(TM) offers consumers convenient and private verification for point-of-sale transactions such as ATMs. FacePASS(TM) (keyless entry/physical access) is a practical security solution for keyless entry to secure facilities, such as offices, dormitories and government facilities. FaceTOOLS(TM) is a leadership Software Developers Kit that enables application providers the ability to develop and customize unique customer and market applications.
Additionally, Viisage's systems annually deliver, through 1,500 U.S. systems in 1,200 locations in 15 states, more than 25 million high-quality and high-security digital-identification documents for government agencies responsible for issuing drivers' licenses, social services cards and law enforcement credentials.
About Netegrity, Inc.
Netegrity is the leading provider of software solutions for securely managing e-business relationships. Companies use Netegrity's products to control user access to e-business Web sites, to seamlessly create e-partnerships, and to secure business-to-business transactions. Netegrity enables customers to create new revenue opportunities, reduce operational inefficiencies, and strengthen relationships with customers and partners. With its vast network of partners, Netegrity is securely managing e-business solutions for over 480 customers worldwide including Aetna, American Express, Bank One, E*TRADE, General Electric, and Wells Fargo. The Company was the only vendor to be placed in the leader quadrant within Gartner's Magic Quadrant Report (May 2001). Headquartered in Waltham, Mass., Netegrity also has offices throughout Europe and Asia. More information can be found at www.netegrity.com.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by the Company through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing, general economic and political conditions and other factors affecting spending by customers and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 2000 and its quarterly reports on Form 10Q.
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 27, 2001|
|Previous Article:||Synaptic Pharmaceutical Announces CEO Succession Plan.|
|Next Article:||Principal Financial Group, Inc. Announces Authorization of Share Repurchase Program.|