Northern Virginia Technology Council Honors Riptech With Hottest Buzz Award; Applauds Riptech's Ability to Build National Brand Recognition Through Thought Leadership Initiatives

Business Wire, June 18, 2002

Business Editors/Hi-Tech Writers

ALEXANDRIA, Va.--(BUSINESS WIRE)--June 18, 2002

Riptech, Inc., the premier provider of scalable, real-time managed security services, today announced that the Northern Virginia Technology Council (NVTC) has awarded it with the Hottest Buzz Award for its ability to successfully garner local, national, and international media coverage to build corporate and brand recognition. The honor was part of NVTC's annual Hot Ticket Awards, which recognized the region's technology companies and individuals for great vision, the ability to implement and deliver their core offerings, an innovative management approach, and star-quality charisma.

In accepting the award with other members of the executive team, Riptech co-founder and chief technology officer, Tim Belcher, noted, "We see buzz as the reflection of commitment to customer service, as opposed to hype, which is often undeserved. We are proud of the buzz we have created."

Riptech topped a list of finalists, including BioNetrix, Entremed, Human Genome Sciences, and XM Satellite Radio, singled out from over 1,700 companies in the region. As excessive hype has gone out of fashion, Riptech has built substantive public relations programs that differentiate its offerings and, importantly, support the company's business plan.

Garnering the Hottest Buzz Award caps a number of recent Riptech successes and milestones. In January 2002, Riptech released the first-of-its-kind Internet Security Threat Report. The Report has successfully generated more than 150 high-profile Riptech placements in national and international media to date, including:

      --  Agence France Press             [pilcrow (paragraph sign)]   --  Los
Angeles Times
      --  Bloomberg News                  [pilcrow (paragraph sign)]   --
Reuters
      --  CBS News Online                 [pilcrow (paragraph sign)]   --  San
Jose Mercury News
      --  CNN Headline News               [pilcrow (paragraph sign)]   --
Sydney Morning Herald
      --  Computerworld                   [pilcrow (paragraph sign)]   --  USA
Today Online
      --  Investor's Business Daily       [pilcrow (paragraph sign)]   --  Wall
Street Journal
      --  Jerusalem Post                  [pilcrow (paragraph sign)]   --
Washington Post

Additionally, in April, Riptech entered into a joint venture with Mitsubishi to offer managed security services to enterprises in Japan, further solidifying Riptech's position as a global leader in the security industry. Most recently, Riptech was first out of the blocks with warnings about a new worm, "SQL Spida" that compromises Microsoft SQL servers. Numerous publications including CMPnetAsia.com, Computerworld, CRN Online, Dow Jones Newswires, InfoWorld, Network World, Network World Fusion, Network World Security and Bug Patch Alert, Reuters, Washington Business Journal Online, and the Washington Post published information about the worm based on Riptech's media alert and interviews with Riptech executives.

"With security as a top-of-mind concern for most businesses these days, we were not surprised to see local security companies generating substantial buzz in the media and boardrooms," said Bobbie Kilberg, president of NVTC. "NVTC was pleased to recognize Riptech with our `Hottest Buzz Award' for the high volume of press coverage and name recognition it has generated."

"The Hottest Buzz Award is a distinct honor, as it comes from our neighbors in northern Virginia," said Amit Yoran, president and CEO at Riptech, Inc. "We are pleased that NVTC has recognized Riptech for our presence in the media and our vision. We appreciate the teamwork that resulted in this award and, specifically, the contributions of our customers, who have directly or indirectly contributed to case studies and Internet Security Threat Reports; our Secure Operations Center; our marketing team; our public relations agency, O'Keeffe and Company; and especially the press, who have been committed to covering the critical topic of information security."

About NVTC

The Northern Virginia Technology Council (NVTC) is the membership association for the technology community in Northern Virginia. NVTC has more than 1700 member companies representing over 190,000 employees. Our membership includes companies from all sectors of the technology industry including information technology, software, Internet, ISPs, ASPs, telecommunications, bioscience, and aerospace, as well as the service providers that support these companies. NVTC provides its members with: (1) over 150 networking and educational events per year; (2) comprehensive member benefit services, (3) public policy advocacy on a broad range of technology issues at the state and regional levels, with involvement in federal issues as they relate to workforce and education concerns; and (4) community service opportunities through active involvement in community projects and philanthropy through the NVTC Foundation.

About Riptech

Riptech, Inc., the premier provider of scalable, real-time managed security services, protects clients through advanced outsourced security monitoring and professional services. Riptech's unique Caltarian technology platform provides real-time information protection through around-the-clock monitoring, analysis, and response. The Caltarian technology is capable of processing large volumes of network security data to separate security threats from false positives in real-time, with carrier-class scalability. Additionally, Riptech's Security Professional Services group provides security policy development, assessment and auditing, penetration testing, incident forensics, and response. Riptech security specialists have secured hundreds of organizations including Fortune 500 companies and federal agencies. Based on its analysis of attacks against a customer base of more than 300 companies in over 25 countries, Riptech regularly publishes the Internet Security Threat Report, which can be found at www.riptech.com. Founded in 1998 by Department of Defense security professionals and market experts, Riptech is headquartered in Alexandria, Virginia with offices in San Jose, California, and New York City.