SC Magazine Honors Rainbow’s iKey 1000 Authentication Token

SC Magazine Honors Rainbow’s iKey® 1000 Authentication Token with “Editor’s Recommended” Award in March 2002 Review

Industry’s Market Share Leading USB Authentication Token Also Captures a Second Straight “5-Star Rating”

IRVINE, Calif. – March 25, 2002 – Rainbow eSecurity, a Rainbow Technologies, Inc. (Nasdaq: RNBO) company, today announced that the iKey® 1000 USB authentication token received two honors from the editor’s of SC Magazine in a recent round-up of token-based security solutions. The iKey was awarded both its second consecutive “5-Star Rating” and was the only token designated for a “SC Magazine Editor’s Recommended” award in the March 2002 edition of one of the security industry’s leading trade publications. These awards mark the third and fourth awards the iKey 1000 has received since last year. The iKey 1000 authentication token was a “Pick of 2001” selection and a “5-Star Rating” for 2001 in the “smartcards/tokens” category.

The review, which ran in the March “Plastic Fantastic” feature, consisted of 10 disparate authentication solutions. The iKey was evaluated with smart cards, USB tokens, software toolkits and integrated authentication technologies.

“The iKey … integrates remarkably well with existing applications to provide a secure means of access control and authentication for Internet users,” wrote the editors. “To review all of (the iKey’s) attributes would not be possible given the restraints of the review, but the ease with which (the iKey) installed and ran provided us with plenty of confidence that it would easily integrate into any suitable application.”

“We are very pleased that SC Magazine continues to recognize our iKey as one of the best products in its class,” said Shawn Abbott, president, Rainbow eSecurity. “Rainbow’s authentication token business continues to grow substantially and it is our fastest growing product line. As more organizations place business-critical data and applications on the Web, we believe that iKey will be a critical tool for accessing these Web-enabled applications.”

According to IDC’s report, “Hardware and Biometrics Authentication, Part 2: the Fall Software Sequel,” Rainbow was the world’s leading provider of USB authentication tokens in 2000. IDC reports that Rainbow’s worldwide share of the USB authentication token market accounted for 35 percent of the market in 2000. Rainbow expects to maintain its lead as sales of iKey nearly doubled in 2001.

“USB tokens are an increasingly popular form factor for securing network access,” said IDC Research Manager Charles Kolodgy. “Rainbow’s iKey is gaining momentum and the company continues to maintain a leadership position in this market.”

According to IDC forecasts, the USB token market could reach $276.6 million by 2005. Rainbow’s iKey is the industry’s leading family of USB-based Web authentication tokens, and is available in two products series – the iKey 1000 for Windows 2000 environments and the iKey 2000 for PKI and high-assurance environments.

About SC Magazine

Published by West Coast Publishing, SC Magazine is a leading U.S. computer security magazine. It contains full coverage of computer security news, individual product reviews, comparative product reviews, applications and solutions, articles plus other information about computer security. It is a “must have” for anyone who is looking after his or her company’s computer systems. For more information, visit the publication’s Web site at www.scmagazine.com.

About Rainbow Technologies

Founded in 1984, Rainbow Technologies is a leading provider of information security solutions for the Internet, eCommerce, mCommerce, content protection, software distribution and high-assurance communications. Rainbow applies its core technology to a variety of Internet applications from securing software, custom high-assurance security hardware, complete eBusiness services and content/transaction security solutions corporate networks, VPNs, and the Internet. Rainbow’s products include: secure Web server acceleration solutions; anti-piracy and Internet software distribution solutions; PKI-based security solutions; voice, data and satellite information security and authentication solutions; and USB-based Web authentication tokens. With headquarters in Irvine, Calif., Rainbow eSecurity maintains offices throughout the United States, United Kingdom, France, Germany, Australia, China, Japan, India, The Netherlands, Brazil, Mexico and Taiwan. A network of nearly 80 authorized distributors sells Rainbow products worldwide. More information can be found on the Web site at < http://www.rainbow.com/fast >.

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Rainbow Technologies and iKey are trademarks of Rainbow Technologies, Inc. All other company and product names are trademarks of their respective organizations.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in our Annual Report on Form 10-K and other materials filed with the Securities and Exchange Commission (“SEC”) (as well as information included in oral statements or other written statements made or to be made by the Company) contain statements relating to the following: dependence upon existing and new product offerings, competition, intellectual property and licensing, future growth, rapid technological and market change, manufacturing and sourcing risks, Internet infrastructure and regulation, the inclusion of network security functionality in hardware or system software, international operations, among others. These conditions involve important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The Company assumes no obligation to update information concerning its expectations.




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