MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–April 5, 2001–
Andes Networks, a leading provider of next generation SSL acceleration systems and Chrysalis-ITS, the worldwide leader in the field of high security key protection in PKI, today announced the introduction of a new class of security products for both SSL and PKI enabled security on the Internet. Through the combination of Andes Networks Packetized SSL(TM) acceleration technology and FIPS 140-1 validated Ultimate Trust(TM) secure key management technology from Chrysalis-ITS, the companies plan to unveil joint product offerings that will dramatically increase the level of security and scalability associated with delivery of information over the Internet.
“Together, the technologies from Chrysalis and Andes will be combined into product solutions which will fundamentally transform the way people perceive trust on the Internet,” said Paul Gordon CEO of Andes Networks.
As the amount of information travelling across the Internet continues to increase exponentially, Internet security has become a chief concern for today’s CIOs. In order to most effectively address this issue, organizations have recognized the significance of deploying SSL in conjunction with enabling scalable and secure key management. In an enhancement of its IP traffic management capabilities, Andes Networks will incorporate the Chrysalis-ITS high assurance key management technology into its ASIC-based Packetized SSL Accelerator platforms. Chrysalis-ITS will incorporate Andes Networks’ breakthrough Packetized SSL Accelerator platforms in its server side authentication and signing systems to complement its existing key protection capabilities, resulting in a more powerful overall Internet security package.
“We feel confident that this partnership addresses the most pressing of security issues that are top of mind for today’s CIOs. We have worked with Andes Networks to merge our respective expertise in Internet security and IP traffic management, enabling our customers to conduct increasing volumes of commerce over the Internet, seamlessly and efficiently. This is a significant step toward the integration of a trusted communications capability into the very fabric of the Internet” said Steve Baker, CEO of Chrysalis-ITS.
VeriSign currently depends on Chrysalis-ITS key management solutions to secure its Digital Certificate Services. “We see the relationship between Chrysalis-ITS and Andes Networks as a breakthrough enabler for trusted Internet applications. VeriSign is excited by the combination of unparalleled security and performance that will set a new standard in the industry, paving the way for large-scale deployment of XML-powered services like XKMS,” said Stratton Sclavos CEO of VeriSign.
ABOUT ANDES NETWORKS
Andes Networks is a Silicon Valley start-up driving the convergence of Internet Security and IP Traffic Management with third generation ASIC-based SSL accelerators. By providing the foundation for Packetized SSL(TM) security and increased performance for content delivered over the Web, Andes helps companies manage risk and alleviate marketing problems resulting from poor web site performance.
The Andes executive team is comprised of seasoned executives and highly regarded engineering talent from leading technology companies. Their collective expertise in ASIC chip design, high-performance computing systems, security, and networking has produced Andes’ groundbreaking Packetized SSL technology. This market-making mindset positions the Andes Networks organization to be an exclusive and innovative solutions provider for next-generation secure and intelligent traffic management systems. The company is backed by VantagePoint Venture Partners; Sun Microsystems; Infinity Capital; PacRim Venture Partners, and a small group of private investors. Andes Networks is based in Mountain View, Calif. More information on the company and its technology can be found at www.andesnetworks.com.
Chrysalis-ITS, Inc. is a global leader in building Ultimate Trust(TM) Solution Platform products that power e-business security. Chrysalis-ITS’ industry leading Luna(R) family of products provide secure key management capabilities and accelerate virtual private networking for organizations with high volume sensitive transactions. Chrysalis-ITS secures e-business transactions and communications over wired and wireless networks. Chrysalis-ITS customers include many of the world’s leading financial institutions, government agencies, healthcare and pharmaceuticals and ISPs. Chrysalis-ITS products are delivered through a global network of distributors and value-added resellers. Founded in 1994, Chrysalis-ITS is headquartered in Ottawa, Canada, with offices in London, UK; Boston MA, and Mountain View, CA. The company website is www.chrysalis-its.com.