[announce] OASIS MEMBER NEWS: Vordel and beTRUSTed form globalalliance to deliver secure inter-enterprise communications

[Hugh Carroll <hugh.carroll@vordel.com>]

Vordel and beTRUSTed form global alliance to deliver secure
inter-enterprise communications

Dublin, Ireland and New York, USA October 22, 2001,  – Vordel, the Web
services security company and beTRUSTed, an e-security business of
PricewaterhouseCoopers, today announced the initiation of a strategic
partnership between the two companies to provide global organizations
with secure Inter-Enterprise Integration (IEI) solutions.

This strategic alliance allows beTRUSTed to incorporate Vordel’s Web
services security product, TalkXML™, into scalable Web services
solutions that offer collaborative communications and secure
environments to the PricewaterhouseCoopers customer base worldwide.
The competitive advantages this alliance will bring to customers
include reducing the deployment time-to-market for products and
services, lowering the overall cost of operations, and simplifying
business interaction with partners, suppliers and end-customers within
a specific business or enterprise network.

“This global alliance between our two companies is a key strategic
development in the secure communications industry,” said David Ryan,
CEO of Vordel.  “As businesses face increasing competition and the
need to generate added returns on their existing investments, they
need to extend their business communications and processes securely
over the Internet to their trading partners.”

“By removing the time delays and complexities associated with the
integration of applications with existing security infrastructures,
the Vordel and beTRUSTed alliance frees a company to focus on
maximizing its external business opportunities,” added Ryan.

Dr. Alastair MacWillson, joint global CEO for beTRUSTed said: “Vordel
have demonstrated an ability to understand the requirements of
providing scalable applications that allow companies to maximise the
commercial potential of customized security infrastructures.”

MacWillson added, “Vordel's TalkXML™, in conjunction with beTRUSTed,
enables business partners to collaborate with each other in all areas
of their business by extending their business processes securely over
the Internet.”

The opportunities arising from this strategic alliance are broad
ranging and will have an impact in numerous industries, including
banking, insurance, health telecommunications and life sciences.
About beTRUSTed

beTRUSTed (www.betrusted.com) is an e-commerce security integrator,
delivering the most complete custom-designed infrastructure solutions
to the Global 2000. beTRUSTed combines world-class Public Key
Infrastructure (PKI) expertise and Certification Authority services,
along with consulting and integration from PricewaterhouseCoopers.
beTRUSTed rapidly advances an organization’s ability to conduct
sensitive, high-value communications and transactions in a networked
environment. beTRUSTed's technical facilities in the United States and
Europe adhere to rigorous systems and standards, using the same
protocols established for military and diplomatic operations. This
results in legally verifiable digital signatures and complete
assurance of each transaction's integrity - anywhere in the world.
www.betrusted.com

About PricewaterhouseCoopers

PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest
professional services organization. Drawing on the knowledge and
skills of more than 150,000 people in 150 countries, we help our
clients solve complex business problems and measurably enhance their
ability to build value, manage risk and improve performance in an
Internet-enabled world.

PricewaterhouseCoopers refers to the member firms of the worldwide
PricewaterhouseCoopers organization. www.pwcglobal.com


About Vordel

Vordel is the Web services security company. It develops products that
provide security, accountability, integration and performance for
business transactions over the Internet.

Vordel's flagship product, TalkXML™ enables companies to integrate
business applications securely over the Internet.

Vordel is a privately held company headquartered in Dublin, Ireland
with offices in Boston, MA and London, England.

Institutional investors in Vordel include DrKW, Elderstreet VC, ICC
Venture Capital, the Intel IA64 fund, and the Powerscourt Fund.

Additional information about Vordel is available at www.vordel.com

Vordel Press Contact: 		beTRUSTed Press Contact:
Hugh Carroll				Michael Cosgrove
T: +353 1 215 3333			T (USA): +1-443-367-7032
E: press-info@vordel.com	 	E: mcosgrove@betrusted.com