DIFFERENTIAL PARTNERS WITH ENTRUST, SECURITY DYNAMICS, AND VERISIGN
To Develop the First E-commerce Legal Infrastructure
CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 19, 1999--
Partnership a Crucial Step in Making Electronic
Transactions Safer than Paper
Differential Inc. moves one step closer to delivering the first
online legal infrastructure for businesses to conduct binding and
auditable electronic transactions over the Net by cultivating
technology alliances with Entrust(R) Technologies Inc. (Nasdaq:ENTU),
Security Dynamics Technologies, Inc. (Nasdaq:SDTI), and VeriSign, Inc.
(Nasdaq:VRSN).
Differential considers these agreements a cornerstone of the
company's plan to extend its industry-leading secure Extranet commerce
product line that includes "non-repudiation" solutions that remove
legal ambiguity arising from conducting high-volume and/or high-value
transactions electronically.
Differential will integrate core authentication, certification
and encryption technologies from its partners in the company's current
FileDrive(TM) and Extranet Creator(TM) products. In addition, the
partnerships will help provide a base for Differential's first Digital
Receipt solutions, which will be available in Spring 1999. At a press
conference held yesterday at RSA 99, David Jevans, president and CEO
of Differential, Inc. announced an initiative for the accelerated
development of a Digital Receipt Infrastructure (DRI) for electronic
commerce.
Differential's DRI initiative will allow corporations to track a
broad class of enterprise transactions in a non-forgeable, auditable
and notarized format. DRI will provide irrefutable proof that an
electronic transaction has taken place by verifying the identity of
the sender, placing a tamper-resistant seal on the message and
documenting the content and form of the transaction. This
non-repudiation capability is the next step in making e-commerce safer
than paper. (See related press release dated January 19, 1999.)
"Companies are eager to become part of the electronic commerce
boom. However, when businesses begin conducting complex online
transactions, they sometimes forget that, unlike paper transactions,
the Web does not inherently offer legal security or guarantee
commitment. Digital receipts change all that," said David Jevans, CEO
and president of Differential. "By making it difficult for companies
to renege on commitments, modify contract terms en route or claim
non-delivery, the Digital Receipts solution will accelerate the growth
of business-to-business e-commerce."
"Entrust is pleased to be part of Differential's solutions by
providing the leading Enterprise Public Key Infrastructure, run-time
engines and web server certificates," said Jim Mirowski, director of
strategic alliances, Entrust(R) Technologies Inc. "Our joint customers
will be able to leverage our respective infrastructures to enable
business to business e-commerce."
"Security Dynamics' relationship with Differential reinforces our
commitment in building a strong and secure infrastructure for Internet
commerce, where it's essential that you know who you're dealing with,"
said Scott Schnell, senior vice president of worldwide marketing at
Security Dynamics. "The integration of our SecurID(TM) authentication
capabilities with Differential's FileDrive and Extranet Creator
products provides the strong, two-factor authentication that is
critical in securing global e-commerce."
"VeriSign is pleased to be a part of Differential's efforts to
facilitate secure e-commerce for enterprises," said Anil Pereira,
director of marketing for VeriSign. "Differential's implementation of
VeriSign Secure Server IDs(TM) provides the security for building the
legal infrastructure necessary for the growth of e-commerce among
large businesses."
Entrust(R) Technologies is a pioneer of certification authority
(CA) and public-key infrastructure (PKI). Entrust Technologies is
headquartered in Richardson, Texas, with offices in the U.S., Canada,
the U.K., Switzerland and Germany. Entrust is the only company that
offers a full PKI and complementary products to protect all desktop,
host data and transaction applications across an enterprise, including
remote access and secure e-mail.
Security Dynamics Technologies, Inc. is a leading provider of
enterprise network and data security solutions that help companies
conduct business securely, protect corporate information assets and
facilitate business-to-business electronic commerce. With more than 4
million users of its SecurID authentication technology, Security
Dynamics is the world leader in two-factor user identification and
authentication.
VeriSign, Inc., headquartered in Mountain View, California, was
founded in April 1995 as an offshoot of RSA Data Security, a
subsidiary of Security Dynamics Inc. VeriSign is the leading provider
of Public Key Infrastructure (PKI) and offers digital certificate
solutions used by enterprises, Web sites and consumers to enable
secure commerce and communications over the Internet and private
networks.
Differential, Inc. provides business-to-business electronic
commerce infrastructure software that gives FORTUNE 500 companies a
safer than paper(TM) solutions for secure data interchange and
transaction processing. Founded in 1996, Differential is a privately
held corporation funded by U.S. Venture Partners and SOFTBANK
Holdings. For more information, please contact John Jefferies,
Differential, Inc., 10054 Pasadena Ave., Cupertino, CA 95014; Phone:
408-864-0600; Fax: 408-864-0601; E-mail: john@differential.com;
Website: differential.com.
Note to Editors: FileDrive, Extranet Creator, DRI, Safer than
Paper, and Differential are trademarks of Differential, Inc. All other
trademarks belong to respective companies.
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