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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (13281)	9/13/1999 9:37:00 AM
From: zbyslaw owczarczyk	Respond to of 18016

TimeStep(r) introduces a fully redundant secure IP-VPN solution that supports extended authentication KANATA-ONTARIO--Device redundancy with no interruption in service, and support for all two-factor authentication methods are key to VPN deployments TimeStep Corporation, the leading provider of proven large-scale secure IP-VPN solutions, today announced the release of PERMIT Enterprise(tm) version 2.0, the latest generation of TimeStep's award winning IP-VPN product suite. To meet the evolving needs of today's business environment, TimeStep has added redundancy and extended authentication for remote access. TimeStep is also introducing an enhanced version of its award-winning VPN gateway hardware, the PERMIT/Gate(tm) 4620. Improving upon its PERMIT/Gate(tm) 4520 platform, the new VPN gateway supports more than 1000 simultaneous secure sessions, giving it the largest tunnel capacity in its class. "The market demands support for existing investments in authentication and billing infrastructure and redundant connectivity to support mission-critical applications." said Tim Hember, president and CEO of TimeStep Corporation. "With the latest version of PERMIT Enterprise, TimeStep once again has surpassed the demands of the market and underscored its leadership position in the IP-VPN industry." TimeStep is the first secure IP-VPN product vendor to support IKE-XAUTH which allows the RADIUS protocol to be used securely over the Internet. Now in both PERMIT/Client(tm)and PERMIT/Gate, RADIUS authentication can be used with or without a PKI and both products support any standard authentication service, such as ACE/SecurID, SafeWord, ActiveCard, Windows NT, and DNS domain login. With this release, TimeStep also introduces gateway clustering technology that offers unsurpassed reliability for use in mission-critical environments or for service providers to offer real VPN service level agreements (SLAs). Gateways are arranged in a cluster where the master and slaves maintain all secure connections. This results in no disruption in service due to gateway failures, software upgrades, or replacing/swapping hardware. TimeStep's PERMIT Enterprise suite now also includes: - support for RADIUS accounting which enables NSPs that are deploying managed VPNs to use their existing billing applications to bill customers for VPN usage. - Dedicated Tunneling which creates one secure tunnel back to the gateway for all VPN traffic and ensures that corporate policy is enforced on all traffic before reaching its final destination. On August 25, 1999, Newbridge Networks announced its intent to acquire TimeStep Corporation. The board of directors of TimeStep has unanimously agreed to support the acquisition. The acquisition has been approved by the board of directors of Newbridge and is subject to various closing conditions. A take-over bid circular in connection with the TimeStep acquisition has been mailed to TimeStep shareholders. The deal is expected to close shortly. About TimeStep Since its inception, TimeStep Corporation, a Newbridge Networks Affiliate, has focused on developing scaleable and manageable secure IP-VPN solutions for network service providers and large enterprises. TimeStep's flagship product line, PERMIT Enterprise(tm), recently won Network Magazine's "1999 Product of the Year" and InfoWorld's "Golden Guardian Award". A pioneer in the secure IP-VPN industry, TimeStep has taken a strong leadership role in the development of the IPSec standard. Our suite of hardware gateways, software clients, and central management is the most comprehensive solution for corporate intranets, extranets, and Internet remote access. TimeStep Corporation headquarters is located at 362 Terry Fox Drive, Kanata, Ontario, K2K 2P5, Canada. For more information on TimeStep Corporation, contact info@timestep.com or visit the corporate web site at http//www.timestep.com. (c) 1999 TimeStep Corporation. All rights reserved. TimeStep and PERMIT are registered trademarks of TimeStep Corporation. PERMIT Enterprise, and PERMIT/Client are trademarks of TimeStep Corporation. Newbridge is a registered trademark of Newbridge Networks Corporation. All other company and product names are trademarks or registered trademarks of their respective holders.