Certicom Brings Proginet’s CFI File Transfer Application FIPS 140-2 Certification
MISSISSAUGA, Ontario – (September 8, 2008) – Certicom Corp. (TSX: CIC) today announced that Proginet Corporation, a world leader in multi-platform file transfer solutions, has licensed Certicom’s security technology for FIPS 140-2 certification. Proginet will incorporate Certicom’s security algorithms into CyberFusion Integration Suite (CFI)®, the company’s advanced managed file transfer solution. CFI helps Proginet’s customers, which include large enterprises and government agencies, conduct business more efficiently while protecting customer data and limiting the risks associated with sharing proprietary information with customers, partners, and colleagues around the globe.
Certicom provides a set of cryptographic implementations recommended by the National Security Agency (NSA) to secure communications in a high performance, low overhead environment and in a low-cost, scalable manner. Specifically, Proginet has licensed Certicom’s Security Builder® GSE™ to build file transfer applications that meet the government’s FIPS 140-2 security requirement. With a pre-approved FIPS 140-2 cryptographic module, Proginet can build government-approved applications without having to go through the lengthy and costly FIPS approval process.
By adding this level of security into its managed file transfer applications, Proginet meets these government guidelines by providing the highest bit performing cryptosystem trusted today. Furthermore, through this licensing agreement, Proginet’s users in the government space, including some of the largest U.S. federal agencies, will be able to securely control and manage the movement of classified and unclassified data, both inside and outside the organization.
“With data breaches in the headlines on an almost daily basis, government agencies need to know that their sensitive file transfers are completely locked down and secure with the strongest crypto available today,” said Sandy Weil, president and CEO, Proginet Corporation. “Government has become an increasingly important market for Proginet, so adhering to FIPS 140-2 security requirements is critical. We turned to Certicom so that we could make this happen in the most timely possible fashion.”
For over 15 years, Certicom has developed the world’s most extensive list of pre-approved FIPS 140-2 security tools. Certicom’s industry leading experience shortens the Licensee’s time to market, while making their products more secure and reliable by providing security updates through Certicom’s world class support organization.
“Data security, integrity and confidentiality are more critical than ever for all government agencies today,” said Karna Gupta, CEO of Certicom. “As Proginet’s government customers continue to adopt its advanced managed file transfer applications, they can be confident that their communications are Certicom Secure with the highest level and best performing encryption available that has been endorsed publicly by the NSA and meets NIST’s FIPS 140-2 requirements.”
Proginet Corporation offers a universal, multi-platform software solution for fast, inexpensive and secure file transfers both inside and outside the enterprise. Proginet’s CyberFusion Integration Suite (CFI)® is used by companies of all sizes to conduct business more efficiently while protecting customer data and limiting the risks associated with sharing proprietary information with partners and colleagues around the globe. With over 20 years of experience in the managed file transfer arena, Proginet has built a customer base of over 400 companies spanning 30 countries. Headquartered in New York, the Company is publicly traded under the symbol [OTCBB: PRGF]. For more information, visit www.proginet.com.
Certicom manages and protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom’s security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom’s corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in Europe and Asia. Visit www.certicom.com.
Certicom Safe Harbor Statement
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Forward-looking information includes information concerning Certicom's future financial performance, business strategy, plans, goals and objectives. When used in such documents, the words "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "will", "believes" or variations of such words and phrases often, but not always, identify forward looking statements. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of Certicom to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of Certicom to develop, promote and protect its proprietary technology security breaches or defects in Certicom's products; competitive conditions in the businesses in which Certicom participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in Certicom's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with Certicom; reliance on a limited number of customers; demand for ECC-based technology; performance of Certicom's management team and Certicom's ability to attract and retain skilled employees; operating Certicom's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in Certicom's annual information form dated July 21, 2008 and filed on SEDAR at www.sedar.com.
For further information, please contact:
Merritt Group, Inc.