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Technology Stocks : New Dimension Software (DDDDF)

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To: sandman who wrote (39)6/4/1997 11:14:00 AM
From: Michael J. Dando   of 209
 
Here is a copy of the news release that discusses Memco, its single sign-on product, and its relationship with New Dimension:
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MEMCO Software introduces Proxima - addresses need for secure single sign-on and user administration Business Editors NEW YORK--(BUSINESS WIRE)--May 19, 1997--

MEMCO Software Ltd. (Nasdaq: MEMCF), a leading provider of information security software solutions, today introduced Proxima(TM), a new product line which provides secure single sign-on and enterprise-wide security administration. With Proxima, organizations will finally be able to eliminate user frustration, streamline administration and enhance
overall security associated with access to systems and applications. MEMCO representatives will be discussing Proxima today at the Gartner Group Information Security Conference in Chicago. "Proxima is the first product that truly focuses on users by addressing applications and systems from the users' point of view," commented Eli Singer, president of MEMCO Software Inc. "Today, users can't be fully productive because they have to keep track of too many IDs and passwords. Administrators are burdened with trying to manage a growing amount of users who need
access to applications. Proxima addresses these needs with a flexible and scaleable solution." The Proxima suite consists of two products, Proxima SSO and Proxima Manager. Proxima SSO (Single Sign-On) automates
user login with single sign-on to all authorized applications and systems. Proxima Manager enables central management of user account and resources in distributed multi-platform environments.

Strategic Partnership

As a key component to Proxima, MEMCO has expanded its partnership with EagleEye Control Software (a fully owned subsidiary of New Dimension Software) and has licensed the MultiPlatform Control-SA(TM) product. Control-SA is the premier solution for centralized user and resource management for a variety of applications and platforms--from desktops to mainframes. MEMCO will utilize Control-SA as the core technology for the Proxima Manager product under a private-label OEM relationship. "We are
pleased to be working with MEMCO Software to deploy MultiPlatform Control-SA in conjunction with Proxima SSO," commented Zohar Pearl, vice president of sales and marketing at EagleEye Control Software. "By licensing and integrating Control-SA into the Proxima suite, MEMCO can provide customers with a comprehensive and complete solution."

Proxima SSO

In today's distributed computing environments, users typically need to sign-on separately to many different systems and applications during the course of their day. Each system requires the user to enter a different ID and password for authorized access. In order to remember this information, users often simplify passwords or create password `cheat sheets'-both of which undermine security. Forgotten user passwords result in significant amounts of wasted time by help desk and system administrator resources. Proxima SSO provides users with a Familiar Desktop which is accessed via a single ID and password. A variety of user authentication methods are supported including tokens and smart cards. From their Familiar Desktops, users simply point-and-click to
access any authorized application or system. Behind the scenes, Proxima SSO validates user access by interfacing with the target application using one of many authorization methods, including application passwords, tokens, tickets or One Time Passwords. Proxima network traffic is secured to avoid the traditional risks of transmitting clear text passwords. Management of authorized user systems and applications, as well as associated IDs and passwords is centralized for simplified administration. Proxima offers a scaleable framework that adapts to meet changing customer needs. "The problem of single sign-on has existed
for many years. As organizations continue to move towards distributed client/server computing and Web-based applications, the problem will escalate," comments Lina Liberti, product marketing manager at MEMCO. "We have studied this market very closely and watched as other companies failed to provide adequate solutions. Proxima solves the many problems associated with user access-it addresses the needs of users, the concerns of security and the costs of administration."

Proxima Manager

Today, system administrator effort is compounded by multiple users with multiple accounts and passwords. With even a few hundred users, a system
administrator can spend the majority of his/her time managing and resetting thousands of IDs and passwords. Adding or removing an
employee from a computing environment requires the administrator to manually access all the appropriate systems and applications. It can often takes days for new employees to get the access they need and forgetting to remove an ex-employee from even one application can leave behind a security hole. Proxima Manager streamlines security management and addresses the critical question, "Who has access to what?" It eliminates the complexities associated with performing account administration in different environments. With Proxima Manager, an administrator has a central point for managing hundreds or thousands of user IDs and passwords for both platforms and leading applications. These powerful capabilities not only save time and lower costs but help to avoid careless mistakes which can threaten security.

Availability

MEMCO has worked closely with several large organizations to ensure that Proxima meets their needs. The product is currently in a controlled release and will be generally available in the fall of 1997. Pricing will be announced at that time.

About EagleEye Control Software

Formed in April of 1996 as a wholly owned subsidiary of New Dimension Software Ltd., EagleEye Control Software Ltd. is a leading provider of management and administrative solutions for the enterprise security marketplace. With an established technology base and unique architectural approach, EagleEye Control Software is well positioned to respond to the demands of the ever-changing enterprise security market. The company is based in Tel Aviv and markets its products through an
international distribution network. For more information about EagleEye Control Software, please visit its Web site at www.eagleeyesoft.com .

About MEMCO Software

A leading provider of advanced information security solutions, MEMCO Software offers a comprehensive product set designed to address enterprise security concerns. MEMCO's solutions effectively enforce, administer and control security and productivity in distributed environments. The Company's software products include SeOS Access Control, SeOS Security Administrator, Proxima Single Sign-On, Proxima Manager and the SeOS Secured! family of application-security solutions. MEMCO successfully partners and integrates its products with leading providers of complementary technologies and has also formed strategic
distribution partnerships with Tivoli Systems and Platinum Technology. The Company's international headquarters are located in Tel-Aviv, Israel, and it operates in North America through MEMCO Software Inc., a wholly owned subsidiary based in New York City. For more information about MEMCO Software, please visit its Web site at www.memco.com.
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