To all,
Please help with the possible significance for our stock of the following alliance, all 3 companies notably absent from the alliances formed so far by wavx
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<<Intel and RSA to Accelerate Delivery of New PC and Application Security Products
January 18, 1999 08:06 AM
SAN JOSE, Calif., RSA Data Security Conference, Jan. 18 /PRNewswire/ -- Intel Corporation INTC and RSA Data Security, Inc., a wholly owned subsidiary of Security Dynamics Technologies, Inc. SDTI , today announced that they will work together to develop new technologies that enable upcoming security-enhanced hardware and software products. These products, such as Intel hardware and RSA software components and tools, are designed to provide a common set of hardware/software resources that developers can utilize in 1999 and beyond to enhance software applications with new security technologies. Security-enhanced applications, such as those that secure credit card transactions on the Internet, are necessary to enable the growth of e-commerce worldwide.
"We're entering an age where e-commerce transactions will be conducted on a global network consisting of a billion connected PCs and hundreds of millions of servers. These transactions must be secure," said Michael Glancy, general manager, Intel Platform Security Division. "Products from Intel and RSA that incorporate these new security technologies will help ensure that the development of secure applications continues at a rapid pace."
"This new licensing agreement between Intel and RSA establishes an alliance between leading cryptography and hardware providers," said Scott Schnell, senior vice president of marketing for RSA and Security Dynamics. "Working together, our companies can deliver OEM customers and end users even higher levels of security to a broad base of PCs and servers worldwide."
As part of the agreement, the two companies will cross-license key security technologies that are designed to enable Intel and RSA to deliver enhancements to their respective hardware and software products, and they will co-market resulting products worldwide. RSA intends to deliver enhanced BSAFE(TM) Crypto-C and Crypto-J software developers kits that are optimized for Intel's planned security hardware features in mid-1999.
Independent software vendors and enterprise developers creating applications based on these products will benefit from the joint compatibility with PCs and servers that incorporate Intel hardware and RSA's leading encryption and security tools. Compatibility with this product base, which runs the majority of today's e-commerce transactions, is designed to make it possible for developers to shorten the testing and deployment times and costs currently associated with creating new security-enabled applications.
Intel Corporation
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
RSA Data Security, Inc.
RSA Data Security, Inc., a wholly owned subsidiary of Security Dynamics Technologies Inc. SDTI , is a leading supplier of software components that secure electronic data, with more than 400 million copies of RSA encryption and authentication technologies installed worldwide. RSA technologies are part of existing and propose standards for the Internet and World Wide Web, ISO, ITU-T, ANSI, IEEE and are in use in business, financial and electronic commerce networks around the globe. RSA develops and markets platform-independent security components and related developer kits, and provides comprehensive cryptographic consulting services. RSA can be reached at rsa.com.
*Third party marks and brands are property of their respective holders. **BSAFE is a trademark of RSA Data Security, Inc.
***This press release contains forward-looking statements relating to the anticipated delivery of news PC and application security products and the co-marketing of these products by Intel and RSA Data Security and the expected benefits of such technology, and such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected software errors or bugs, competitive pressures, technical difficulties, changes in customer requirements, general economic conditions and the risk factors detailed from time to time in Security Dynamics' periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation Security Dynamics' registration Statement on Form S-3, as amended (File No. 333-49949), filed on April 10, 1998.
SOURCE RSA Data Security, Inc.
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