BEDFORD, Mass. and SHANNON, Ireland, May 31 /PRNewswire/ — RSA Security Inc. (Nasdaq: RSAS), the most trusted name in e-security(TM), today announced the opening of a new operation in Shannon, Ireland. The Shannon facility will serve as a beachhead for RSA Security’s manufacturing and operations in the rapidly growing international market, targeting companies native to Europe as well as multi-national organizations with operations in the region. From the Shannon office, RSA Security will perform the final programming operation for its RSA SecurID(R) two-factor authentication devices and deliver logistical service and support to RSA Security’s expanding strategic partner and customer base in Europe, Africa and Asia.
The new plant, backed by Shannon Development, is a further example of the commitment RSA Security has to the growing international security industry. World-wide security products, managed security services and PKI products and services expenditures will grow 328 percent, from $5.3 billion to $22.7 billion between 2001 and 2005, according to Infonetics Research.
“With offices located in more than 30 countries and strategic partners in 20 more around the world, RSA Security’s strategy is to expand its global reach in support of customer requirements and market growth, and to provide a manufacturing facility to service customers and partners locally,” said Art Coviello, president and CEO at RSA Security. “With the opening of our new facility in Shannon, we believe RSA Security customers, including Credit Suisse, Lufthansa and Rolls Royce & Bentley Motor Cars, will benefit from the enhanced level of service we can offer.”
“This investment by RSA Security in Shannon is in line with Government policy on the type and quality of inward investment we are now seeking to attract to Ireland,” said Mary Harney, Tanaiste and Minister for Enterprise, Trade and Employment in Ireland. “RSA Security’s presence in Ireland will add to the country’s emerging profile as a leading e-business centre in Europe. It will also add significantly to the local e-business and software skill base now emerging in the cluster of new technology companies in the Shannon Free Zone. The economic benefits of a company of RSA Security’s stature to Shannon are substantial — not only will it develop key skills in the software security industry in the region but it will also significantly add to Shannon’s already high export figure of IR 1.8 billion pounds sterling.”
Shannon Development’s acting chief executive, Mr. Kevin Thompstone added: “We are delighted that the industry leader in transaction based security software has chosen to locate in Shannon. With strong product recognition in the marketplace and a diverse customer base, RSA Security will bring the Shannon brand to a global audience thereby encouraging additional new technology investment to the Zone. It also demonstrates that the Free Zone is a product of the new economy and the results of our continued investment in its communications infrastructure.”
The Shannon office will house more than 25 employees and will be headed by Hugh Kavanaugh, managing director. The office is located at 127 Shannon Free Zone, Shannon, Co. Clare, Ireland and can be reached at 353-61-725100 and http://www.rsasecurity.ie.
About RSA Security Inc.
RSA Security Inc., the most trusted name in e-security, helps organizations build secure, trusted foundations for e-business through its RSA SecurID two-factor authentication, RSA BSAFE(R) encryption and RSA Keon(R) digital certificate management systems. With approximately one billion RSA BSAFE-enabled applications in use worldwide, more than eight million RSA SecurID authentication users and almost 20 years of industry experience, RSA Security has the proven leadership and innovative technology to address the changing security needs of e-business and bring trust to the online economy. RSA Security can be reached at http://www.rsasecurity.com.
NOTE: RSA, BSAFE, Keon and SecurID are registered trademarks, and The Most Trusted Name in e-Security is a trademark of RSA Security Inc. All other products and services mentioned are trademarks of their respective companies.
Forward-looking statement insert:
This press release contains forward-looking statements relating to the anticipated success of RSA Security’s international operations. Such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are technical difficulties, competitive pressures, the risks associated with conducting business internationally, changes in customer and market requirements and standards, market acceptance of new technologies, technological changes in the computer industry, general economic conditions and the risk factors detailed from time to time in RSA Security’s periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation RSA Security’s Annual Report on Form 10-K filed on March 28, 2001 and Quarterly Report on Form 10-Q filed on May 15, 2001.