Caradas Partners with nCipher to Build Trusted, Secure IT Infrastructures

Caradas Applies nCipher Cryptographic Technology to Meet e-Business Security Challenges

BURLINGTON, Mass. and WOBURN, Mass., March 26, 2002 – Caradas, Inc., a leading solutions provider for application security systems based on authentication, access control, audit and smart card technologies, and nCipher, Inc., a leading provider of cryptographic IT security, today announced their partnership to help enterprises build trusted, secure IT infrastructures. Caradas consulting and integration professionals will provide the expertise to apply nCipher cryptographic security products and technologies to secure e-business applications, policies and procedures.

Caradas will provide consulting, integration, project management and support services for nCipher’s security-enhancing products, and will participate with nCipher in a variety of joint sales and marketing activities. One of the key services Caradas will provide is helping companies leverage the power of nCipher’s CodeSafeTM Toolkit for secure applications. CodeSafe is a unique software development environment that enables applications to take advantage of nCipher’s highly secure nShieldTM hardware security module to protect cryptographic keys and security sensitive application software as it is executed. Caradas will use CodeSafe to secure a wide variety of business activities such as content distribution, time-stamping, transaction auditing and authorized database usage by providing enhanced security for encryption, electronic signatures and other security functions.

“Caradas prides itself in establishing strong partnerships with all the major technology providers so that we can bring best-of-breed solutions to our customers,” said Charles Walton, president and CEO of Caradas. “Cryptography is one of the foundation technologies upon which all security solutions are built, and we are very pleased to be partnering with nCipher to help e-businesses meet their ever-changing security challenges.”

“Caradas brings the experience, skills and knowledge to help our customers address a broad range of their IT security challenges by protecting sensitive application software, private data and intellectual property,” said Greg Dunne, senior vice president of North American sales for nCipher. “We are proud to have a market leader like Caradas supporting our security technologies, and look forward to working with them to help ensure the security and trustworthiness of e-business infrastructures.”

About nCipher

nCipher is redefining cryptographic security to protect points of risk across the enterprise—from network appliances and Web servers, to custom software applications and back-end databases. nCipher provides hardware and software solutions that enable organizations to implement best practice security by addressing the challenges of cryptographic key management and performance. Many of the world’s leading organizations—from Microsoft and Wells Fargo to PricewaterhouseCoopers and the U.S. Navy—rely on nCipher to deliver a sound e-security infrastructure. nCipher’s products are particularly well-suited to organizations with high volumes of security-sensitive transactions, such as banking and financial institutions, government departments, e-retailers and online service providers.

nCipher, Inc. is a subsidiary of nCipher plc, which is listed on the London Stock Exchange as a TechMARK 100 company (LSE:NCH) with offices in Cambridge, UK; Boston, New York, San Francisco, Dublin, Paris, Hamburg, Hong Kong and Tokyo. For more information on nCipher, visit

About Caradas

Caradas, Inc. is a solutions and services company providing application security systems based on authentication, access control, audit and smart card technologies. Caradas offers a suite of solutions and services to define and implement secure application infrastructures, including a smart card application integration platform, packaged smart Visa Solutions and security software development and integration services. Caradas customers lead the market in financial services and include Visa USA and other major financial institutions. Headquartered in Burlington, MA, with regional offices in the San Francisco and Washington DC areas, Caradas has assembled a team of professionals who are acknowledged thought leaders and experts in financial application security. Caradas can be found on the Internet at

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