Business Services Industry
Paradigm4 to License Diversinet's Passport™ Technology for establishing Wireless CA Services
Business Wire, June 7, 2000
Business Editors
TORONTO--(BUSINESS WIRE)--June 6, 2000
Diversinet Corp. (NASDAQ:DVNT)(CDN:DVNT.)
Agreement Provides Paradigm4 with Leading Security
Technology for Public Safety and Healthcare Applications
Diversinet Corp. (NASDAQ:DVNT)(CDN:DVNT.), a provider of security solutions for wireless m-commerce applications, today announced a licensing and distribution rights agreement with Paradigm4, a wireless data solutions provider, to re-sell Diversinet's Passport Certificate Server 3.0(TM) and Passport Authorization Server 2.0(TM) products for integration into the Paradigm4's Wireless DataNet architecture.
Related Results
The Paradigm4 Wireless DataNet links enterprise customers, carriers and application providers through direct frame-relay links, and routers provided by Paradigm4 that are located on their premises. These connections are configured with varying levels of redundancy, based on each entity's requirements, to minimize the likelihood that network failures will cause service interruptions. Paradigm4 provides alternate routing paths for data flowing between each carrier, application provider and enterprise customer. As a result, the network provides an integrated system for wireless data exchange among enterprise customers, wireless carriers and application providers.
The agreement will extend an end-to-end security standard to Paradigm4's capabilities in providing wireless data solutions to its customers. Both current and new Paradigm4 customers will have access to a full complement of wireless e-commerce security options, including the ability to use digital certificates for authentication, digital signatures for non-repudiation and digital permits for extending highly granular permissions. In addition to the licensing of Diversinet products, Paradigm4 will provide a managed certificate authentication service to those customers that prefer to outsource this function. Paradigm4 also intends to re-sell the Diversinet Certificate Server directly to customers that choose to manage the CA (Certification Authority) function themselves.
By including these secured wireless applications, Paradigm4 expects to strengthen its position in the implementation of wireless data solutions. "We fully understand the need to provide customers with the option of using a high level of security in their wireless e-commerce applications, and the agreement with Diversinet allows us to make that offer to customers today," said Bruce Boisture, President and CEO of Paradigm4.
Nagy Moustafa, President and CEO of Diversinet, added "Paradigm4 offers a complete solution for wireless data applications, and we believe they represent a significant channel opportunity for our products into new vertical markets such as healthcare and public safety. We look forward to working closely with them in developing the service and rolling it out to their customers."
About Paradigm4
Based in Hartford, Connecticut, Paradigm4 provides a broad range of solutions that enable its customers to access and exchange information on a wireless basis. Paradigm4's services link its customers' mobile workforce and remote locations to its customers' and third-party data bases. Its solutions utilize the sophisticated capabilities of Paradigm4's proprietary platform, the Paradigm4 Wireless DataNet, as well as its extensive industry experience, to facilitate exchange of data on a timely, reliable, secure and cost-effective basis. For more information on Paradigm4 visit www.paradigm4.com.
About Diversinet Corp.
Diversinet is enabling mobile e-commerce services with its wireless security infrastructure solutions. The company is a leader in delivering end-to-end wireless security infrastructure solutions to wireless device makers, Asp's and operators, application software developers and network infrastructure providers. As a leader in securing m-commerce applications, Diversinet is actively participating in the development of security standards with WAP, The Open Group, PKI Forum and Radicchio. For more information on Diversinet, visit the company's web site at www.dvnet.com.
Diversinet, Digital Permits and Passport Certificate Server are trademarks of Diversinet Corp. Paradigm4 and Paradigm4 Wireless DataNet are trademarks of Paradigm4, Inc. All other companies and products listed herein may be trademarks or registered trademarks of their respective holders.
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the acceptance of mobile and wireless devices and the continued growth of e-commerce and m-commerce (mobile e-commerce), the increase of the demand for mutual authentication in m- commerce transactions, cryptography technology as an industry standard, the market acceptance of our principal products and sales of our customer's products, the impact of competitive products and technologies, the possibility of our products infringing patents and other intellectual property of third parties, and costs of product development. Neither Diversinet nor Paradigm4 will update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about both companies and factors that may affect their respective operations can be obtained from Diversinet's filings with SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and from Paradigm4's filings with the U.S. Securities and Exchange Commission.
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