LEXINGTON, Mass., AARHUS, Denmark, ZURICH, Switzerland, April 15, 2003 (PRIMEZONE) -- MediaCrypt, a Swiss-based computer security technology company, today announced a new partnership with Cryptomathic, a world leader in e-security. IDEA, MediaCrypt's flagship product, will be bundled with Cryptomathic's PrimeInk product series.
"Our customer-focused philosophy is to deliver e-security solutions that are trusted and proven. We also listen to what our customers want from us, IDEA a requirement by many," noted Matt Landrock, Director of Business Development for Cryptomathic. "The security tools available in the PrimeInk toolbox series enable application developers to integrate standardized security onto any platform, in a very short amount of time. Adding the proven algorithm of IDEA to our customers enables them to support a wider group of users, when developing applications for e-banking, e-business and e-government transactions or messaging."
Richard Straub, CEO of MediaCrypt, commented, "We are excited about the wider distribution this partnership will offer both companies; this allows us to concentrate on media security solutions, which is our main industry segment and Cryptomathic can strengthen their products with more security for their high-end security space. Additionally, this puts IDEA in with a distributor that has the expertise and track record with IT industry segments such as Finance and Telecom -- groups that expect solutions that truly secure their transmitted data as well as interoperate with various systems. We are excited about working with such an established and well-respected sales team at Cryptomathic and look forward to a rewarding and long-term relationship."
About MediaCrypt AG
MediaCrypt develops and licenses encryption algorithm software, based on Ascom's International Data Encryption Algorithm (IDEA). IDEA has been widely recognized and accepted as a vital business component in highly secure encryption systems, since its debut in 1991. The company services hundreds of customer applications and millions of users worldwide. Headquartered in Zurich, Switzerland, MediaCrypt targets markets that are involved in the convergence of Internet, Multimedia, Entertainment and Wireless Communications. Primary customer segmentations include Digital Rights Management (DRM) solutions, trusted device manufacturers, content protection solutions and Smart Card applications. The company is owned equally by its two Swiss founders, Ascom (SWX:ASCN) and the Kudelski Group (SWX:KUD). For more information, please see www.mediacrypt.com.
Note to Editors: MediaCrypt, and the IDEA logo are trademarks of MediaCrypt AG. IDEA is a trademark of Ascom.
About Cryptomathic
With more than 15 years of experience, Cryptomathic is one of the world's leading providers of e-Security. Cryptomathic assists customers in securing their business by providing best-of-breed e-security software products and services as well as consultancy and education. Customers are being served through the head office in Denmark and subsidiaries in Belgium, Italy, England, Germany and France. Cryptomathic achieved international recognition for being at the cutting edge of technological development when selected Technology Pioneer 2003 by the World Economic Forum. Please visit Cryptomathic's web site at www.cryptomathic.com.