Paymentech Wins Infoworld 100 Award for KaVaDo Security Project

Business Wire, Nov 18, 2003

Business Editors/High-Tech Writers

NEW YORK--(BUSINESS WIRE)--Nov. 18, 2003

Paymentech Recognized as Technically Innovative Company for

Its Use of KaVaDo's Web Application Security Software

KaVaDo Inc., the technology leader in Web Application Protection, today announced that Paymentech, the nation's number one payment processor, is an InfoWorld 100 award-winner for its use of KaVaDo's Web application Scanner, ScanDo. Every year, InfoWorld names 100 companies that have made the best use of information technology to meet their business and technical objectives. KaVaDo ScanDo was implemented by Paymentech to safeguard its expansive portfolio of online services that enables merchant customers to quickly and easily access all processing data.

"We are honored to be selected as an InfoWorld 100 award-winner and it further validates our selection of KaVaDo for its superior Web application security solutions," said Bill Kline, senior security engineer for Paymentech. "KaVaDo ScanDo significantly enhanced protection for Web applications by providing a proactive approach for discovering and addressing vulnerabilities."

In 2002, Paymentech processed 4.2 billion total transactions and $123 billion in bankcard sales volume for merchants in both brick-and-mortar and cyber storefronts throughout the U.S. It is critical for Paymentech to provide the highest level of security possible at the application layer due to the huge volume of sensitive data processed. By leveraging KaVaDo ScanDo, Paymentech effectively identifies security loopholes through the comprehensive exploration and penetration of its Web applications and operating environments. ScanDo provides hands-on expertise for the security team - revealing Web application vulnerabilities and the information necessary to eliminate them.

"The InfoWorld 100 recognizes companies like Paymentech that made the best use of technology to enhance their businesses," stated Steve Fox, editor-in-chief of InfoWorld. "Paymentech built an innovative and proactive Web application security strategy using KaVaDo ScanDo to meet critical technical and business objectives."

"Paymentech is a progressive company ensuring its customers have the highest level of security by using best of breed technology," said Tal Gilat, CEO and co-founder of KaVaDo. "We are proud of the role that KaVaDo ScanDo has played in providing Paymentech with the ability to secure Web application for its merchant customers."

The InfoWorld 100 annual awards honor companies that demonstrate the most creative use of cutting-edge technologies to further their business goals. Companies were nominated by InfoWorld readers, technology partners, and end-user companies in early Fall 2003. More about the InfoWorld 100 can be found at http://infoworld.com/565.> About KaVaDo, Inc.

KaVaDo provides next-generation Web Application Protection and assessment solutions for the corporate market using its patent-pending Protected Path(TM) technology. These solutions account for the various types of threats against Web applications and allow users to apply the necessary protection against potential threats, known and unknown. KaVaDo offers a unique, effective approach to Web Application Protection with minimum strain on system resources, easy installation and management, and flexibility to handle any applications under various environments.

The company is based in New York with international research and development, sales and support facilities. KaVaDo has secured funding from Banc of America Equity Partners, Neurone Ventures, Pequot Ventures and 3i. More information on the company can be found at http://www.KaVaDo.com.