ESNI steps into e-business with the insurance industry:
Thursday November 18, 9:28 am Eastern Time
Company Press Release
E-Sync Networks Named Provider of E-Commerce Security Framework for the Insurance Industry
E-Sync Networks to Provide Security Solutions to Spur Growth of E-Commerce in the Insurance Industry
TRUMBULL, Conn.--(BUSINESS WIRE)--Nov. 18, 1999--In a major step toward realizing the Internet's full potential for the insurance industry, IVANS Inc., a leading provider of e-business solutions for the distribution of insurance products and services, has chosen E-Sync Networks, Inc. (OTC BB: ESNI) as its primary provider in developing an industry-wide e-business security framework for the insurance industry. The framework utilizes Public Key Infrastructure (PKI) to provide digital certificates to authenticate users and protect the integrity and confidentiality of data.
E-Sync Networks is a leading global provider of managed e-business-to-business solutions and services, with an extensive Fortune 1000 client base.
In its partnership with IVANS, E-Sync Networks will provide expertise in the hosting directory services and directory synchronization components of the Public Key Infrastructure. E-Sync will utilize security and encryption technology provided by E-Certify Corporation, a secure Internet solutions provider.
Dan Carmichael, President and Chief Executive Officer of IVANS, said, ''There is broad consensus that an e-business security framework will greatly benefit the insurance industry, reducing costs and fostering the growth of electronic commerce. With its expertise and service capabilities, E-Sync Networks is the ideal partner for us in creating such a security framework for the industry.''
John C. Maxwell, Chairman and Chief Executive Officer of E-Sync Networks, said, ''We are very pleased to be partnering with IVANS in providing the first of many initiatives in the area of e-business solutions for the insurance industry. The security solution will help overcome the problematic issues of identity, confidentiality, privacy and trust that have prevented the insurance industry from capitalizing on the power of Internet technology. The development of IVANS' security service is a bold, intelligent response to this challenge, which will have a significant impact on the secure delivery of new insurance products and services over the Web.''
About E-Sync Networks, Inc.
Headquartered in Trumbull, CT with offices in New York and the UK, E-Sync Networks, Inc. (OTC BB: ESNI), is a Managed E-business Service Provider that offers leading web-based e-business applications, web supply-chain expertise, IT support and high-performance hosting capabilities to link business partners on the Internet. E-Sync Networks has an extensive Fortune 1000 client base, Ford(TM), Traveler's Insurance, IBM(TM), Pepsi(TM) and ESPN. The Company is majority owned by Commercial Electronics Capital Partnership, LP (www.cellc.com) a New York based venture fund focused on Internet technologies, an exclusive partner of TRW, Inc. (NYSE: TRW - news) established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.e-syncnet.com.
About IVANS Inc.
Headquartered in Greenwich, Connecticut, IVANS Inc. is a recognized leader in technology solutions for the insurance industry. IVANS provides electronic communications services to insurance and health care companies and related organizations in the U.S. and Canada. An industry-owned organization, IVANS works to supply the most cost-effective, efficient technology solutions to all parties in the insurance distribution system More information on IVANS can be found on the Internet at www.ivans.com.
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Contact:
E-Sync Networks, Inc., Trumbull
Karen Olenski, 203/601-3000
kolenski@E-SyncNet.com
or
Kekst and Company, New York
Caroline Gentile
212/521-4883 |
