Press Release

Clearent Deploys Ingrian Solutions to Protect Customer Data,
Meet PCI Compliance

Payment processor selects Ingrian DataSecure Platform to encrypt sensitive cardholder information for its comprehensive, cost-effective solution and ability to expand with needs

REDWOOD CITY, Calif.– May 7, 2007 – Ingrian® Networks, Inc., the leading provider of data privacy solutions, today announced that Clearent, a provider of debit- and credit card payment processing to independent sales organizations (ISOs) and agent banks, has selected Ingrian DataSecure Platforms to protect confidential cardholder data collected during digital transactions.  Additionally, Clearent also selected Ingrian for its secure key management and flexible architecture, which will allow the technology to scale as its IT environment grows and expands into new data elements.

“We pride ourselves on our commitment to cardholder data security, and after reviewing solutions that would meet our stringent requirements, we were pleased to select Ingrian as our partner,” said Dan Geraty, CEO of Clearent. “We were very impressed with Ingrian’s centralized approach to key management and commitment to developing a strategic security plan with us before implementation.”

Despite PCI regulations going into effect in 2005, data breaches are still a major threat to the payment card industry. Data breaches generally occur because of poor key management and failed encryption strategies. Ingrian’s hardware-based solutions provide users an advantage by enabling centralized key storage within the appliances and requiring multiple administrators to be involved in policy changes.

“We’re very pleased that Clearent, with its depth of experience as well as its vision for next-generation payment processing, has chosen Ingrian to secure its sensitive data,” said Robert Steinkrauss, CEO of Ingrian Networks. “We strongly believe that the security encryption provides is not derived from software or a device alone, but as the result of careful planning. As our customer, Clearent can be confident not only in its encryption strategy, but in its ability to expand the company and not have to worry that their security infrastructure will be compromised.”

About Clearent

Clearent was founded in 2005 by a team of industry experts who are passionately committed to their customers’ success.  Clearent’s ISO and Agent Bank customers have online access to merchant boarding, residual management, and search and reporting functions, all backed up by outstanding customer service.  Every interaction with Clearent is designed to be quick, simple, and efficient, so customers and their merchants stay focused on what they do best.  Additional information can be found at http://www.clearent.com.

About DataSecure Platforms

Ingrian DataSecure Platforms provide an intelligent, cost-effective way to protect critical data from both internal and external threats.  Featuring dedicated hardware appliances and patent-pending cryptography software, Ingrian’s solutions deliver capabilities for granular encryption, seamless integration, and centralized security management including:

• Retailers, financial institutions, and payment processors in adhering to card issuer security policies like the Payment Card Industry (PCI) Data Security Standard.
• Organizations around the world seeking to comply with privacy legislation, such as California SB1386, the Europe Union Data Protection Directive, and many others.
• Financial institutions seeking to comply with Gramm-Leach-Bliley Act.
• Government agencies striving to adhere to the Federal Information Security Management Act.

About Ingrian Networks

Ingrian Networks brings complete data privacy to the enterprise.  With Ingrian DataSecure Platforms, organizations can protect critical data from both internal and external threats, and ensure compliance with legislative and policy mandates for security.  DataSecure features a dedicated security appliance and specialized software that enables organizations to encrypt critical data in applications and databases.  With its capabilities for granular encryption, seamless integration, and centralized security management, DataSecure enables organizations to guard against a range of security threats, with unparalleled ease and cost effectiveness.  Ingrian is a privately held company backed by such investors as Globespan Capital Partners, HighBAR Ventures, Menlo Ventures, Partech International, and Prism VentureWorks.  For more information, visit http://www.ingrian.com.

 

Ingrian Networks

Betty Liang

650.261.2488

bliang@ingrian.com

Clearent

Mark Peck

314.732.0525

mark@clearent.com

Mindshare PR for Ingrian Networks
Heather Fitzsimmons
650-947-7400
heather@mindsharepr.com