Wednesday June 30, 12:01 pm Eastern Time
Company Press Release
VeriSign And Diversinet Join Forces To Offer Authorization Solution
TORONTO, CANADA--Combination of VeriSign OnSite and Diversinet's Passport Authorization Server(tm)
Extends the Use of Digital IDs to convey user privileges
Diversinet Corp. (NASDAQ Small Cap: DVNT, CDN: DVNT), a leading provider of security solutions for e-commerce, and VeriSign Inc. (NASDAQ:
VRSN - news), the world's leading provider of Internet-based trust services, today announced that they are teaming up to integrate their products and
services to deliver extended authorization capabilities for any enterprise using digital certificates. This combination allows for greater flexibility in defining
access control restrictions and privileges to mission-critical applications throughout the enterprise. This agreement between the two parties follows
several months of product compatibility testing using Diversinet's Passport Authorization Server(tm) (beta version) and VeriSign OnSite.
Diversinet's Passport Authorization Server(tm) issues Digital Permits(tm) to certificate holders. Each Digital Permit(tm) contains specific privileges that
assign the certificate holder a defined level of access to a given application. Digital Permits(tm) could be used in a wide variety of applications, including
coupons in loyalty programs, lines of credit for auctions, access control for applications, receipts for financial and stock trading, pay per view tickets via
set-top-boxes, and assigning digital rights for subscription services.
Stratton Sclavos, President and CEO of VeriSign, said, ''With Diversinet's authorization technology, a new dimension is added to the authentication process,
extending the functionality of the VeriSign digital certificate. With the Diversinet Passport Authorization Server(tm), not only is the individual identified, but
the user can also be associated with a specific buying power level or any other desired privilege.''
Nagy Moustafa, President and CEO of Diversinet, said, ''This partnership represents an important enhancement to our product. By integrating our Passport
Authorization technology with VeriSign OnSite, customers will be able to expand their e-commerce opportunities and increase customer loyalty by
providing additional Internet-based services.''
VeriSign OnSite - Industrial-Strength Enterprise PKI
VeriSign's integrated, managed service approach to securing e-commerce applications makes it easy for enterprises to simply plug digital
certificate-based security into their existing application infrastructure and quickly realize the benefits of secure e-commerce. VeriSign's Go Secure!
Services further extend the value of VeriSign OnSite, the unique, fully integrated, state-of-the-art PKI service platform for the enterprise. OnSite provides
the fastest time to market and lowest cost of ownership when compared to standalone PKI software alternatives and meets all of the requirements of
today's enterprise networks.
About Diversinet
Diversinet Corp. (www.dvnet.com) is a leading developer of products based on public-key technology for securing wireless e-commerce applications.
Diversinet's authentication product (Passport Certificate Server) is designed to minimize the impact that security places on scarce device resources such
as battery life. The Passport Authorization product extends the functionality of digital certificates by issuing a Digital Permit that, when used in conjunction
with a certificate, serves to identify what privileges the authenticated entity is allowed to undertake.
This press release may contain forward-looking statements relating to Diversinet. Among the important factors that could cause the actual results to differ
materially from those indicated by such forward-looking statements are delays in product developments, undetected software errors and bugs, competitive
pressures, technical difficulties, market acceptance, changes in customer requirements and general economic conditions. All other companies and products
listed herein may be trademarks or registered trademarks of their respective holders.
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