SC Magazine Presents Rainbow”s iKey with “Editor’s Special” Award at 2002 SC Awards
Industry’s Market Share Leading USB Authentication Token Honored for Seventh Time in Past Two Years by Leading Security Industry Trade Journal
IRVINE, Calif. — May 6, 2002 — Rainbow eSecurity, a Rainbow Technologies, Inc., (Nasdaq: RNBO) company, today announced that its iKey USB authentication token was singled out for an “Editor’s Special” award at the 2002 Secure Computing Reader Trust and Academy Awards in London last month. In addition to the “Editor’s Special” award, the iKey received a “highly commended” designation for “Best Encryption Solution” and was a finalist for “Best Network Security Solution.”
The “Editor’s Special” award is a new category designed to highlight the endeavors of companies, products and services, which in the view of senior editors at SC Magazine, are worthy of special note. This brand new award was launched for the first time in 2002.
“We are very pleased that SC Magazine has honored the iKey with a new special recognition award which mirrors the worldwide leadership position our USB token continues to hold,” said David M. Lynch, vice president of marketing, Rainbow eSecurity. “The iKey continues to be our fastest growing product with major deployments underway in North America, Europe and the Asia Pacific Rim. The iKey fills a critical need for organizations to secure access to business-critical data and applications on the Web and this SC Magazine “Editor’s Special” award reflects the status iKey continues to achieve in the market.”
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 improve on this lead as sales of iKey nearly doubled in 2001. 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 product 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 US 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 a 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 digital content and transaction security solutions for the Internet, eCommerce and mCommerce. Rainbow applies its core technology to a variety of Internet applications — from securing software, to the acceleration of secure communication for eCommerce and VPNs. Rainbow’s products include secure Web server and VPN acceleration boards; anti-piracy and Internet software distribution solutions; PKI security solutions; voice, data and satellite security systems; and USB-based authentication tokens. The company has headquarters in Irvine, Calif, and 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 www.rainbow.com.
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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.