Simple Access Acquires Intel Network Systems, Renames Company 'Shiva Corporation'

Business Wire, Nov 11, 2002

Business Editors/High-Tech Writers

NEWTON, Mass. and MONTREAL, Quebec--(BUSINESS WIRE)--Nov. 11, 2002

Shiva to Build on Award-Winning Technology Leadership and Customer

Satisfaction to Provide Secure Remote Access

Solutions to Enterprise Customers

Simple Access Inc. today announced that it has acquired Intel Network Systems (formerly Shiva Corporation) from Intel Corporation and will rename itself Shiva Corporation. Financial terms of the transaction were not disclosed. As a part of the transaction, Simple Access has opened a development facility in Toronto, and Intel Capital, Intel's corporate venture arm, will hold an equity position in Simple Access. Simple Access will integrate the acquired virtual private networking (VPN) products in its new Shiva business with its existing broadband, firewall, and secure socket layer (SSL) business to bring innovative security solutions to market.

"Shiva pioneered the remote access revolution and its evolution toward virtual private networking," said Pierre McMaster, CEO of Shiva Corporation. "We will build on this technical and award-winning product leadership with secure, easy-to-use and deploy solutions that allow businesses to securely leverage the Internet to increase revenues and lower operating costs."

Shiva Corporation's focus reflects the growth of the "extended enterprise." More and more businesses are using the Internet to conduct business -- from e-commerce to collaboration with suppliers, partners, customers and employees -- increasing the need for technologies that capitalize on the ubiquity of the Internet while protecting vital network resources from internal or external security breaches.

Formed by an experienced management team with significant technology industry expertise, Simple Access was created in December 2001 and is privately financed.

"Simple Access is well positioned to address the growing need for network security with the addition of the VPN appliance business," stated Howard Bubb, vice president and general manager of Intel's Network Processing Group, which is focused on modular network building blocks, including Ethernet silicon and network processors. "Current customers will benefit from continuity of supply and the future evolution of the VPN technology provided by Simple Access."

In coming weeks, Shiva expects to make additional announcements related to product and distribution strategy. Today's announcement coincides with the launch of the Company's new web site at www.shiva.com. For additional information, email Shiva at info@shiva.com.

About Shiva

Shiva, the SECURE remote access specialists, provides flexible products for delivering virtual private network and security solutions. These products enable our customers to increase productivity by leveraging the Internet to securely conduct business. Shiva has a history as a pioneer in delivering award-winning secure remote access solutions that are dependable and easy-to-deploy. Shiva is a privately held company whose shareholders include Intel Capital and private investors. For more than 10 years, the Shiva brand has represented the very best in secure access. More information about Shiva Corporation can be found on our web site at www.shiva.com.

Shiva is a registered trademark of Simple Access Inc or its subsidiaries in the United States and other countries.

Note: Other marks and brands may be claimed as the property of others.