Rainbow Technologies Makes Business 2.0’s “100 Fastest Growing Tech Companies” List

Only IT Security Hardware Vendor on the List of “The Best Companies in the Worst of Times”

IRVINE, Calif. – September 16, 2002 – Rainbow Technologies, Inc., (Nasdaq: RNBO) a leading provider of digital content and transaction security, was today named one of the 100 Fastest Growing Tech Companies by Business 2.0 magazine, a Time, Inc. publication. Rainbow Technologies is listed number 88 in the list of “The Best Companies in the Worst of Times” in the issue that hit newsstands today and is the only IT security hardware technology company on the list.

The criteria for selection included public companies that have been trading for at least three years with revenues greater than $50 million and positive cash flow from operations in the last 12 months. In addition, Rainbow was evaluated based on its 12-month stock return as well as growth in revenue, earnings and operating cash flow during the past three years.

“Outfits that have improved their financial strength during the grueling past three years have something to teach. The B2 100 firms are an eloquent testimony to the power of innovation, focus, financial discipline and a handful of other virtues, even in this dismal economy,” editor-at-large Erick Schonfeld writes in the October issue of Business 2.0.

“We’re very pleased to be recognized and honored by the editors and writers at Business 2.0,” said David M. Lynch, vice president of worldwide marketing, Rainbow Technologies. “There is an unsurpassed awareness of IT security in the world today. Rainbow’s strong management team works towards a single goal – making complex security simple to implemented and deploy. Our legacy of market-leading security products for software protection, SSL acceleration and powerful two-factor authentication solutions, together with our strong history of providing high-assurance security products for the U.S. government, positions us well for future growth as the economy begins to rebound.”

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’s core technology includes instant private Web (IPW); software security; custom high-assurance security hardware; Web server acceleration; PKI-based security; network authentication; complete eBusiness services; and content/transaction security solutions. With headquarters in Irvine, Calif.,

Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at www.rainbow.com.

About Business 2.0
Business 2.0, a magazine about insight, tools and advantage in business, is published out of the FORTUNE Group at Time Inc., an AOL Time Warner company. For more information, visit its Web site at www.business2.com.

Rainbow Technologies is a trademark 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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