Certicom Provides Reuters with Security Solutions for its New Dealing Service for the Foreign Exchange and Money Markets
InfoSecurity Europe, LONDON, April 23, 2002 - Certicom (NASDAQ: CERT; TSE: CIC), a leading provider of e-business security, today announced a license agreement with Reuters, the global information, news, and technology group, to provide security solutions for Reuters Dealing Link (RDL), its new browser-based conversational Dealing service. RDL is utilizing Certicom's SSL PlusTM to secure the critical communications of its subscribers, incorporating industry standard security technology to provide end-to-end encryption between the client site and the Reuters datacentre.
RDL is a new IP-based conversational dealing service for the foreign exchange and money markets. The service will be delivered over RadianzNet, an IP-based network for the financial markets and is aimed at users who require access to the 20,000 global users of Reuters core Dealing 3000 product, but who do not require its full functionality. RDL is targeted at corporations, sales desks, chief dealers, and proprietary traders.
"Reuters is committed to making financial products work using IP technology and connectivity," said Mike Whitaker, Director of Marketing and Strategy, Reuters Treasury Services. "To meet the needs of the Dealing community, we are continuously investigating different IP technologies, such as Certicom's security solutions, working with our customers to identify new opportunities and innovative approaches to help them gain a competitive edge."
Certicom's SSL Plus toolkit is the industry's most widely deployed commercial SSL product, due largely to its ease of use, rapid development time, and support for standard security protocols, enabling developers to add enhanced authentication functionality to their networked applications rapidly and with confidence. SSL Plus greatly reduces the cost of deployment by substantially shortening development schedules while ensuring that the application achieves the highest industry standards for security.
"Certicom is pleased to be working with Reuters, a renowned leader in providing the global financial markets and news media with the widest range of global solutions and technologies," said Ian McKinnon, President and CEO of Certicom. "Certicom provides strong and efficient security to protect and maintain valuable information as it is updated, maintained, and exchanged during critical communications."
Certicom is a leading provider of information security software and services, specializing in solutions for mobile e-business. The company's products and services are specifically designed to address the challenges imposed by a wireless data environment. Certicom's solutions incorporate its efficient encryption technology and are based on industry standards for information security that utilize public-key cryptography. Certicom's products are currently licensed to more than 300 customers including Cisco Systems, Inc., Handspring Inc., Motorola, Inc., Nortel Networks, Openwave Systems, Inc., Palm, Inc., QUALCOMM, Inc., Research In Motion Ltd., Sony International (Europe) GmbH, and Verizon Communications Inc. For more information, visit Certicom's Web site at http://www.certicom.com.
Reuters (www.about.reuters.com) is the leading global provider of financial information, news and technology solutions to financial institutions, the media, businesses, and individuals. Reuters strength is its unique ability to offer customers a combination of content, technology, and connectivity. Its premier position is founded on continuous technological innovation and a reputation for speed, accuracy, integrity, and impartiality. Reuters has over 19,000 staff in 97 countries, including some 2,500 editorial staff in 230 bureaux serving approximately 150 countries, making it the world's largest international multimedia news agency. In 2001, Reuters had revenues of £3.9 billion.
Reuters and the sphere logo are the trade marks and registered trade marks of the Reuters group of companies around the world. Dealing Link and Dealing 3000 are the trademarks of Reuters Limited.
Certicom and SSL Plus are trademarks and/or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the acceptance of mobile and wireless devices and the continued growth of e-commerce and m-commerce, the increase of the demand for mutual authentication in m-commerce transactions, the acceptance of Elliptic Curve Cryptography (ECC) technology as an industry standard, the market acceptance of our principal products and sales of our customer's products, the impact of competitive products and technologies, the possibility of our products infringing patents and other intellectual property of fourth parties, and costs of product development. Certicom will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Certicom's financial results is included in the documents Certicom files from time to time with the Securities and Exchange Commission and Canadian securities regulatory authorities.
For further information, please contact:
|Lorraine Kauffman||Carol Paterson|
|Corporate Communications||Lois Paul & Partners (for Certicom)|
|Certicom Corp.||(415) 262-1908|
|+44 (0) 20 7661 9312|