SecureWare sells Internet system security to HP, concentrates on Internet application security

Business Wire, Feb 22, 1996

<http://www.secureware.com>, a leading provider of computer and network security technologies, today announced the sale of its Internet system security division to Hewlett-Packard Company, Palo Alto, Ca. SecureWare, developer of the security technologies used to protect the world's first Internet bank, is turning over its system software business to HP in order to focus on computer and network application security products and services.

This agreement is a natural progression of the companies' long-standing relationship. For many years, SecureWare has worked closely with HP's federal division to develop security products, such as the trusted operating system, used by the U.S. Department of Defense for certain military information.

"We will continue to work closely with HP, focusing our expertise on complementary security software development, as well as consulting and integration," said Michael C. McChesney, chief executive officer of SecureWare. "The Internet system security technology belongs with the company that sells the base operating system.

"This transaction will result in improved integration of SecureWare's security technologies with HP's management, security and networking products," McChesney continued

As part of the agreement, HP will acquire the Web-security technology, built by SecureWare on the HP trusted operating system, which uniquely provides a highly secure environment for business data and transactions on the Web. SecureWare will resell HP's Web-security technology and offer "add-on" penetration, auditing and other security tools and services.

In addition to the technology it purchased, HP will license SecureWare's network security software, Hannah, and file protection software, Troy. Combining Hannah and Troy cryptographic technology, with the Web-security technology and HP's existing firewalls, HP now offers the most comprehensive Internet security solution available.

"HP's acquisition of SecureWare's core system security technology rounds out our Internet security solution," said Richard C. Watts, vice president and general manager of HP's Computer Systems Organization. "This will enable us to provide better security solutions, allowing businesses to operate more securely on the Internet."

"SecureWare will concentrate on complementary security technologies and services, such as our Hannah network security product and Troy file protection software," said David F. Luther, president of SecureWare. "Hannah and Troy, combined with HP's Web-security technology, protect networked businesses from internal and external attack.

"Industries such as financial services, healthcare and telecommunications are demanding the complete Internet security solution now offered by the combined products of SecureWare and HP," Luther continued.

SecureWare's Hannah product provides network authentication, access control, and encryption services without modifying applications, creating a "virtual private network."

Troy provides cryptographic file protection, virus prevention, and configuration control for desktops and servers.

Specializing in "add-on" application-level security is in keeping with SecureWare's efforts to address the growing needs of the commercial marketplace as they relate to network enterprise and the Internet. By transferring its proven security expertise from the government market to commercially available products, SecureWare is enabling companies to safely conduct business over open networks such as the Internet and the World Wide Web.

SecureWare, Inc. <http://www.secureware.com>, an Atlanta-based security software company, is a leading provider of secure network communications and application products designed to protect sensitive data in enterprise networks. Founded in 1986, privately-held SecureWare works with OEMs, including Hewlett-Packard, IBM and SCO, to supply security products and services to commercial and government customers. Having developed some of the world's most secure computer platforms, including those used in the Global Decision Support System for the U.S. Air Force Mobility Command, SecureWare also has designed the security architecture for the first Internet bank, Security First Network Bank <http://www.sfnb.com>. -0-

Note to Editors: The following release complements HP's release issued earlier today.

CONTACT: SecureWare, Inc.

Kim Humphreys, 404/320-4230 or

kimh@secureware.com