Maria Cirino Joins Memento Board of Directors; Technology visionary and leader from VeriSign, Guardent, and Shiva brings wide-ranging strengths to internal fraud management pioneer

Business Wire, March 20, 2006

CONCORD, Mass. -- The executive team of Memento, Inc.--an innovative software company that designs advanced solutions to detect internal fraud and inappropriate activities by corporate insiders--announced today that Maria Cirino has joined its Board of Directors. As an entrepreneur and investor, Cirino is one of the leading technology visionaries in the U.S., and has received many industry accolades, including "CEO of the Year" in 2004 from the Massachusetts Telecommunications Council (MTC).

An industry-leading thinker and leader

Cirino brings more than 20 years of technology leadership experience to her role at Memento--including executive roles in worldwide sales, marketing, and business development for VeriSign, Guardent, Shiva (now Intel Corporation), Lotus Development Corporation (now IBM Corporation), and other leading organizations. Most recently, as senior VP of VeriSign's Security Services, Cirino was responsible for channel development and strategy for VeriSign's extensive security services. Previously, Cirino was CEO and co-founder of Guardent, Inc., an early entrant and market-leading Managed Security Services (MSS) provider.

Strengthening the leadership team

"Maria is a great addition to our team, and brings a real-world perspective on all aspects of security to Memento," says BC Krishna, president and CEO of Memento. "She's an entrepreneur who has started a company and led it to the top of its category. She has strong enterprise IT sales and marketing experience. And she knows the security marketplace. We're looking forward to bringing her insights and unique perspective to bear on the challenges of internal fraud and other inappropriate activities."

Cirino also serves on the Board of Directors of publicly held Keane (NYSE: KEA) and serves as a director for other venture-backed, privately held companies--including Bit9, YesDirect, and VeraCode.

Turning potential into market leadership

"Memento has a terrific management team, an innovative product, and a market that's screaming for a solution," says Cirino. "It's not every day that an enterprise software company has the opportunity to define and shape a significant new category. Memento is a company with tremendous potential, and I'm proud to join it at this critical stage--and I'm looking forward to being part of its success."

An exclusive focus on internal fraud and inappropriate insider activity

Based in Concord, Massachusetts, Memento, Inc. designs advanced software dedicated to monitoring and detecting costly internal fraud and inappropriate activities. Memento Security(TM)--its flagship software product--provides a full-featured, powerful solution unlike any other available on the market. Memento Security proactively monitors employee activities, detects suspect actions, and gives corporate security teams the information they need to reduce fraud and inappropriate activities.

Memento is already helping leading banks, brokerages, and insurance companies cut costs, preserve revenues, and put a stop to insidious and costly internal fraud and inappropriate insider activities.