License Agreement to Develop Soft Tokens for a Wide Range of Mobile Devices
and PC Platforms Along With Integrated Provisioning Services and Soft Token
Lifecycle Management
RSA CONFERENCE, SAN JOSE, Calif., Feb. 14 /PRNewswire-FirstCall/ --
Diversinet Corp. (OTC Bulletin Board: DVNTF), a leading provider of
mobile-enabled personal authentication and security solutions, today announced
that RSA Security Inc. has entered into a license agreement under which
Diversinet will provide mobile device- and PC-based software tokens and
integrated provisioning services. The agreement includes licensing,
development and revenue-sharing components that will result in revenues of a
minimum of $2.2 million to Diversinet over three years.
Under this commercial agreement, the Diversinet MobiSecure soft token
suite and Diversinet's MobiSecure Authentication Service Center (MASC) will be
integrated into RSA Security's products and services, enabling the
downloading, provisioning, and management of RSA Security's mobile and
PC-based soft tokens.
"Diversinet is very excited to be adding a market leader like RSA Security
to the growing list of distribution partners who will leverage Diversinet's
MobiSecure soft tokens and services," said Nagy Moustafa, CEO of Diversinet.
"We are pleased that this agreement will result in immediate revenues to
Diversinet."
"Our license and integration agreements bring RSA Security's
industry-leading authentication solutions together with Diversinet's extensive
knowledge and experience in the mobile space to provision software tokens over
the air to a breadth of mobile devices," said Toffer Winslow, vice president
of product marketing and management at RSA Security. "We expect that many
customers will want to leverage existing mobile devices, and this strategic
partnership will allow us to deliver to the greatest number of mobile devices
possible."
Many analysts predict that 2006 will be an important year in the security
market as financial institutions look for cost-effective security solutions to
meet regulatory directives such as the FFIEC guidance to U.S. banks, and large
corporations look to meet the growing expectations of their customers to be
protected from online fraud and identity theft. Soft tokens running on mobile
devices and PCs help companies protect their users' identities and secure
consumer internet banking, online transactions, and remote online access.
About Diversinet (OTCBB: DVNTF)
Diversinet is a leading provider of personal authentication and security
solutions for the wireless world. The company's software and services protect
a user's identity and provide secure access for new, innovative consumer and
business applications using a variety of mobile phones, Personal Digital
Assistants (PDAs) and personal computers. Diversinet's highly scaleable, open
mobile security platform enables enterprises and service providers to rapidly
develop, deploy and manage next-generation wireless security services that
leverage the more than 2.5 billion mobile devices and PCs deployed today.
Connect with Diversinet Corp. at http://www.diversinet.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in this
press release (as well as information included in oral statements or other
written statements made or to be made by the company) contains statements that
are forward-looking, such as statements relating to anticipated future
revenues of the company and success of current product offerings. Such
forward-looking information involves important risks and uncertainties that
could significantly affect anticipated results in the future and, accordingly,
such results may differ materially from those expressed in any forward-looking
statements made by or on behalf of the company. For a description of
additional risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
SOURCE Diversinet Corp.
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Related links:
http://www.diversinet.com
CONTACT:
Wally Kowal, Vice President Marketing of
Diversinet Corp., +1-416-756-2324, ext. 231, or
wkowal@diversinet.com; or Patrick Corman, Principal of Corman
Communications, LLC, +1-650-326-9648, or patrick@cormancom.com,
for Diversinet Corp.
NOTE TO EDITORS: The Diversinet/RSA Security solution will be
demonstrated at the RSA Security booth (Booth 523) at the RSA
Conference 2006, February 13-17, McEnery Convention Center, San
Jose, California. To meet with a Diversinet spokesperson,
contact Patrick Corman, 650-326-9648 (office) or 650-465-5973
(mobile) or by e-mail, patrick@cormancom.com.
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