RSAS, you gotta love this. A deal with Red Hat:
RSA Security and Red Hat, Inc. Sign Licensing Agreement
BEDFORD, Mass. and Durham, N.C., Nov. 12 /PRNewswire/ -- RSA Security Inc. (Nasdaq: RSAS - news) today announced that Red Hat, Inc. (Nasdaq: RHAT - news) has signed an agreement to license RSA BSAFE® SSL-C software for use in the Red Hat Linux Professional Edition product. As part of the companies' agreement, Red Hat will work with RSA Security for assistance in the design and implementation of enhanced security functionality in a new version of the Red Hat Linux Professional Edition. The two companies are actively working together to implement the RSA BSAFE technology and quickly bring to market a new version of this product.
In addition, the two companies have agreed to initiate joint marketing programs for their respective products and services. RSA Security and Red Hat will work in tandem to foster enhanced security across the Linux operating system and open source technologies to better serve Internet-based commerce.
''Red Hat is pleased to expand our strategic partnership with RSA Security,'' said Robert Young, chairman and CEO of Red Hat, Inc. ''Our use of RSA Security's trusted e-security technologies in our products will help position Red Hat Linux as one of the world's most secure platforms for conducting e-commerce.''
About RSA Security Inc.
RSA Security Inc., The Most Trusted Name in e-Security, helps organizations build secure, trusted foundations for e-businesses. As the global integration of Security Dynamics and RSA Data Security, RSA Security has the resources and experience to address the changing security needs of e-business and bring trust to the new, online economy. RSA Security can be reached at www.rsasecurity.com.
About Red Hat, Inc.
Founded in 1994, Red Hat is the market leader in open source operating system (OS) software and services. Along with its award-winning open source Red Hat Linux OS, Red Hat offers a full line of services, including telephone support, on-site consulting, developer training, certification programs and priority access updates, making Red Hat a leading and complete resource for knowledgeable, innovative, mission-critical open source solutions.
Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, and statements regarding the strategy and plans of RSA Security and Red Hat and their respective strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of either RSA Security's or Red Hat's future performance and are subject to a number of risks and uncertainties that could cause that company's actual results in the future materially to differ from the forward-looking statements.
For RSA Security, these risks and circumstances include, without limitation, the abilities of RSA Security and Red Hat to formulate and implement programs and/or products which foster security technology across the Linux operating system and open-source technologies. Other risks are detailed in RSA Securities' periodic reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, RSA Security's Annual Report on Form 10K (File No. 000-25120), filed on March 31, 1999.
Risks and uncertainties for Red Hat include, without limitation, Red Hat's ability to attract new enterprise customers and to meet their needs by expanding and enhancing its service offerings, Red Hat's ability to enter into new and retain existing strategic alliances with technology leaders, the continuing need for an increasing number of Linux-based enterprise applications, Red Hat's dependence upon an open source business model, and in Red Hat's industry, specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, year 2000 compliance efforts of Red Hat and of third parties on which Red Hat depends, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at sec.gov.
NOTE: All company, product and service names mentioned herein are trademarks of their respective companies.
SOURCE: RSA Security, Inc.
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