Cinergy Services, Inc. using Merrill DataSite and RSA SecurID(R) two-factor
authentication to help protect sensitive information, reduce costs and ease
the burden of the due diligence process
BEDFORD, Mass., July 13 /PRNewswire-FirstCall/ -- RSA Security Inc.
(Nasdaq: RSAS) today announced that Merrill Corporation, a global diversified
communications and document services provider, is offering RSA SecurID(R) two-
factor authentication to customers of Merrill DataSite, their online virtual
deal room product and service division. Cinergy Services, Inc., a subsidiary
of Cinergy Corp., one of the largest diversified energy companies in the
United States, is using the combined solution to securely host thousands of
documents required for due diligence work around corporate financial
transactions, acquisitions, mergers, divestitures, and asset and financing
deals.
Merrill DataSite enables teams on all sides of a deal to quickly and
efficiently view proprietary documents online, including contracts, financial
and employee information, intellectual property material and other material
business agreements. As such, authenticating users and knowing who is
accessing what information and when is a top priority. Each Merrill DataSite
user can now have an RSA SecurID token that generates a constantly changing,
six digit password which acts as an extra identifier -- in addition to a login
and project name -- when he or she accesses the site. Administrators have
complete reporting capabilities on every action taken by users in the virtual
deal room, as well as granular control over who sees what information, for how
long, and with what extra capabilities, such as printing or saving. Through
the use of the online dataroom with RSA SecurID technology, Cinergy has seen
travel costs savings by reducing the time and expense associated with travel
so involved parties may view documents in person. Typical savings from
increased efficiency alone can range from $10,000 to well over $100,000. In
addition, saving 30 days on a $100,000,000 transaction can benefit both
parties by more than $500,000.
"Using DataSite we were able to keep documents for each financial
transaction that we performed in one place, and users could log in at their
convenience. In some cases we were able to reduce the time spent on due
diligence from a matter of weeks to a matter of days," said Rick Beach,
assistant secretary and senior counsel, Cinergy Corp. "These are such
proprietary documents that we decided to go above and beyond in terms of
security. RSA SecurID two-factor authentication gives us that extra level of
protection that normal security routines don't provide."
"Virtual deal rooms are a perfect example of the innovative business
opportunities that are enabled by the Internet when security concerns are
anticipated and mitigated," said John Worrall, vice president of worldwide
marketing at RSA Security. "As traditional passwords get a bad reputation for
being too easily lost, forgotten, or stolen, technologies such as RSA SecurID
two-factor authentication can provide both ease of use and peace of mind as
companies move critical information online."
"Organizations must make more and more documents available in a due
diligence process, particularly as many cultures and ways of doing business
come together in a global economy," said Ed Bifulk, DataSite President,
Merrill Corporation. "By transferring documents online and implementing
sophisticated security measures, corporations can streamline what is commonly
a labor-intensive and costly process while retaining full control and
visibility over the deal room. RSA SecurID strong authentication is helping
us serve our customers' needs even more completely."
About RSA Security
RSA Security Inc. helps organizations and individuals confidently protect
identities and information access. The company secures more than 15 million
user identities, safeguards trillions of business transactions annually, and
manages the confidentiality of data in tens of thousands of applications
worldwide. RSA Security's portfolio of award-winning solutions -- including
identity & access management, secure mobile & remote access, secure enterprise
access, secure transactions and consumer identity protection -- sets the
standard in the industry. Our strong reputation is built on a 20-year history
of ingenuity, leadership and proven technologies, and our more than 17,000
customers around the globe. Together with more than 1,000 technology and
integration partners, RSA Security inspires confidence in everyone to
experience the power and promise of the Internet. For more information, please
visit http://www.rsasecurity.com.
About Merrill Corporation
Founded in 1968, Merrill Corporation (http://www.merrillcorp.com) is a
leading global provider of technology-enabled service solutions for the
financial, legal, real estate and other corporate markets. Merrill combines
deep industry expertise with superior service and infrastructure to deliver
world-class document, brand marketing, print, fulfillment, language and e-
business solutions. With more than 4,600 people in more than 60 locations,
Merrill empowers the communications of the world's leading companies.
RSA, RSA Security and SecurID are either registered trademarks or
trademarks of RSA Security Inc. in the United States and/or other countries.
All other products and services mentioned are trademarks of their respective
companies.
For more information:
Courtney Hohne Dave Howell
OutCast Communications RSA Security Inc.
(415) 345-4735 (781) 515-6303
rsa@outcastpr.com dhowell@rsasecurity.com
SOURCE RSA Security Inc.
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Related links:
http://www.rsasecurity.com
http://www.merrillcorp.com
CONTACT:
Courtney Hohne of OutCast Communications,
+1-415-345-4735, rsa@outcastpr.com; or Dave Howell of RSA
Security Inc., +1-781-515-6303, dhowell@rsasecurity.com
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