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IBM To Acquire DASCOM

Technology Strengthens IBM's Portfolio for e-business Security

SANTA CRUZ, Calif - 22 Sep 1999: -IBM today announced that it has agreed to acquire DASCOM, Inc., an industry leader in Web-based and enterprise security technology. The acquisition will further strengthen IBM's leadership in e-business and security by leveraging DASCOM's access control technology portfolio and expertise in Internet and intranet security.

DASCOM, based in Santa Cruz, Calif., will become a wholly owned subsidiary of IBM. Financial terms of the deal were not disclosed.

As companies worldwide network their internal business processes and transition many of their core businesses to the Internet, security has become a critical consideration. DASCOM technologies help businesses safely connect their systems to the Web, securing transactions that span from the Internet to mission-critical corporate systems. The company pioneered the concept of centralized authorization services for network applications.

IDC Research estimates that the market for access control, authorization and administration -- the largest segment of the Internet security market -- will grow 18.3% yearly to $3.7 billion in 2003. Access control and authorization provide centralized control over who may access and use a company's applications, data and other resources via the Web. For a wide variety of Web-based applications -- such as inventory management, portals, customer service and transactions that involve the exchange of money or personal information -- the ability to grant and revoke access to applications and data is critical to e-business security.

"Any company conducting e-business needs to control exactly who has access to its resources,'' said Al Zollar, general manager, Network Computing Software Division, IBM. "The powerful combination of DASCOM's innovative technology and IBM's leading-edge security solutions will give our customers a total arsenal for protecting their electronic assets while building even closer online relationships with their customers.''

DASCOM employs approximately 100 people and has sales and development locations in Santa Cruz, Calif.; Austin, Texas; the United Kingdom and Australia. DASCOM customers include many Fortune 100 companies.

"DASCOM's authorization and access control technology has been instrumental in helping us build several of our most strategic e-business initiatives -- in particular our Global Supplier Network and our intranet capabilities,'' said Ralph Szygenda, vice president and chief information officer, General Motors. "The combination of IBM's global information technology strengths and DASCOM's specialized security expertise will surely benefit us in deploying these worldwide programs.''

Technology from DASCOM's flagship product for enterprise and Web-based access control and authorization -- IntraVerse(TM) -- is currently offered as part of IBM SecureWay(TM) Policy Director and SecureWay FirstSecure, an integrated security solution for e-business. With the addition of DASCOM's technology and skills, IBM will offer an even greater range and depth of industry leading products for enterprise and Web security.

"Leadership in authorization and access control for e-business has been our passion,'' said Jim Curtin, president and chief executive officer, DASCOM. ``Integrating our products into the SecureWay Software family and becoming part of the IBM team -- with its brand recognition and broad customer relationships -- will help us achieve our vision of becoming a defacto standard for e-business security.''

"Authorization provides the cornerstone technology for a successful e-business infrastructure,'' said Greg Clark, DASCOM founder and chief technology officer. ``We look forward to joining the IBM team to further develop our access control technology.''

Contact(s) information

Nancy Riley
IBM
(919) 486-2834
nriley@us.ibm.com

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