Press Release
Akamai and CoreStreet to Offer Distributed Computing Security Solution
Companies team to introduce massively scalable certificate validation solution
CAMBRIDGE, Massachusetts (June 10, 2003)
Akamai Technologies, Inc. (Nasdaq: AKAM) and CoreStreet, Ltd., today announced a joint agreement to cooperatively sell RTC Edge Edition™ powered by Akamai® - a version of CoreStreet's Real Time Credentials product that provides enterprises with a cost effective and massively scalable way to validate digital certificates. By running CoreStreet's application at the edge of the Internet via Akamai's global network, RTC Edge Edition powered by Akamai eliminates the most significant cost and performance bottlenecks of traditional PKI systems.
"RTC Edge Edition powered by Akamai is a significant development with immediate application in the homeland security, defense and intelligence communities," said James Eccleston, Former Assistant Deputy Under Secretary of Defense (Logistics), Supply Chain Integration and currently serving as President, Federal Sector for Advanced Software Design, Inc. "The ability to determine an individual's access privileges, anywhere, any time, even in a disconnected environment is critically important for national security."
RTC Edge Edition powered by Akamai provides a unique solution for the government and financial sectors where identity card programs are currently in use.
"Our work with CoreStreet will provide enterprises with an efficient, cost-effective, on demand solution that extends the power of traditional certificate validation to achieve greater reach, higher performance and increased reliability in a distributed environment," said Andy Ellis, director of Information Security, Akamai. "With RTC Edge Edition powered by Akamai, it is now possible to extend certificate status checking to the Internet's edge, providing the first truly scalable and cost-efficient infrastructure for this application."
"The basic philosophy behind CoreStreet's Real Time Credentials, is that security-sensitive operations, such as performing digital signatures should be decoupled from non-sensitive operations, such as the distribution of data," according to , president of CoreStreet. "By applying design principles which follow from this philosophy, CoreStreet, in collaboration with Akamai, is bringing to market a standards-based PKI solution that virtually eliminates the biggest headaches of traditional security transactions."
Akamai and CoreStreet will each promote RTC Edge Edition powered by Akamai. Each company will sell its own products and services as part of the validation solution.
About CoreStreet
Bridging the security gap between physical and information security, CoreStreet provides the only secure authorization and validation technology for connected and intermittently connected environments. Combining security, safety and convenience, CoreStreet enables organizations to grant or revoke an individual's access rights to buildings, computer networks, laptops, or wireless devices immediately in real time. The company, headquartered in the Boston area, holds 14 patents with more pending.
CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.
About Akamai
Akamai® provides services that enable the world's leading enterprises and government agencies to extend and control their e-business infrastructure. Having deployed the world's largest, globally-distributed computing platform, Akamai ensures the highest levels of availability, reliability, security, and performance of networked information and application delivery. Headquartered in Cambridge, Massachusetts, Akamai's industry-leading services, matched with world-class customer care, are used by hundreds of successful enterprises, government entities, and Web businesses around the globe. For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, changes in the Company's market focus, intentional disruptions to its network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
