<snip> TIS provides a full line of security products and services including: Gauntlet firewalls to protect network connections; Gauntlet Global Virtual Private Networks to secure electronic communications worldwide; Stalker misuse detection solutions to ensure the integrity of servers which, when used in conjunction with Network Associates' CyberCop, extends this level of protection to networks; and TIS Consulting and Training services to facilitate a company's network running smoothly. TIS' RecoverKey encryption technology provides flexible, scalable, user-controlled key recovery, and has been implemented by multinational organizations for their global networks. TIS is a founding member of the Key Recovery Alliance, an organization of over 60 international companies working together to facilitate the worldwide commercial use of strong encryption. "This announcement represents a fundamental shift in the way large customers will implement security technology," said Bill Larson, chairman and CEO of Network Associates. "Network Associates is the first company to deliver this caliber of technology and this breadth of security products. The ability to tie all of these components together in a centralized management environment is critical to customer success, and Network Associates is the only company to combine security with industry-leading network management capabilities." <snip> Well I guess this returns Network Associates to the Key Recovery Alliance. I wonder what the PGP division thinks about the new member of the family being the founding member of the KRA? -Austin Quoted text from Steve Orrin (sorrin@syndata.com ) on 2/23/98 11:46 AM
Hot off the Press:
http://biz.yahoo.com/snp/980223/tisx_dtp_m_1.html
Monday February 23, 10:21 am Eastern Time
Trusted Information Systems to Be Acquired by Network Associates
TRUSTED INFORMATION SYSTEMS INC. Signs Definitive Agreement to Be Acquired by Network Associates Inc.
Feb. 23, 1998, Network Associates Inc. (Nasdaq:NETA - news) and Trusted Information Systems Inc. (Nasdaq:TISX - news) said they signed a definitive agreement under which NETA will acquire TISX in a transaction valued at over $300,000,000.
Each TISX share will be exchanged for 0.323 of a NETA share.
Subject to approval by TISX stockholders, among other conditions, the transaction is expected to close within about 90 days.
A Picture Tells A Thousand Words. STEGO