CipherTrust Receives Two Million Dollars From IronPort Systems to Settle Trademark Infringement Litigation

ATLANTA, GA — (MARKET WIRE) — 20-09-2004 — CipherTrust, Inc., the leader in messaging security, today announced a settlement with IronPort Systems relating to a number of trademark suits regarding infringement of the Company’s IronMail brand by IronPort’s application for the “IronPort” mark. In consideration for the settlement, IronPort Systems has paid CipherTrust two million dollars in cash to cover all outstanding claims in regard to the IronMail trademark, as well as the reimbursement of legal fees and related costs.

“The IronMail brand represents CipherTrust’s singular mission to protect our customers from the variety of messaging attacks, not contribute to them. The purity of our mission is resonating with customers who continue to choose CipherTrust as evidenced by our number one position in the Secure Content Management appliance market,” said CipherTrust President and CEO Steve Raber. “We are pleased to reach a settlement that further strengthens our balance sheet and lets us continue to invest in extending our market share lead.”

CipherTrust continues to excel in the market, recently being named by IDC as the number one secure content management appliance vendor over competition such as IronPort, McAfee, Borderware, Tumbleweed and Barracuda. This is the latest in a series of significant industry accolades for the IronMail appliance in 2004, including being the only appliance vendor listed in the “Leaders” quadrant of the Gartner Enterprise Spam Filtering Magic Quadrant as published on March 2, 2004(1); and being named the “Best Overall Solution” by eWeek in an e-mail security group test in June.

About CipherTrust, Inc.

CipherTrust, Inc. is the leader in messaging security. The company’s powerful, award-winning IronMail appliance combines the five critical e-mail security components of spam and fraud prevention, virus and worm protection, policy and content compliance, e-mail privacy, and secure e-mail gateway capabilities into a single easy to deploy and manage platform. IronMail protects the messaging systems of more enterprise e-mail users than any other solution, including 30 percent of the Fortune 100. CipherTrust’s investors include Battery Ventures, Greylock, U.S. Venture Partners, Noro-Moseley and Silicon Valley Bank. For more information about CipherTrust, please visit www.ciphertrust.com or call 877.448.8625.




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