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CEREBIT RELEASES INNERGUARD V2 - INDUSTRY'S FIRST SOLUTION TO SAFEGUARD BUSINESS PROCESSES

New product delivers BITS compliance, easy to use interface, information compartmentalization and expiry of data on a need-to-know basis

TAMPA (Jan. 22, 2004) - Cerebit (www.cerebit.com), an innovator of business visibility and governance software, today announced the general availability of innerGuard v2, a software solution that allows companies to protect business critical information from misuse by authorized users. The significant new functionality includes: 100% compliance with the Banking Information Technology Secretariat (BITS); an expanded, easier to use interface; and the ability to allow enterprise security teams to meet government requirements enabling compartmentalization of specific information within documents on a need-to-know basis for individuals and groups.

"Privacy and security are at the top of the list of concerns for those currently doing or considering outsourcing of business processes," said Mark Swanson, CEO of Cerebit. "This version of innerGuard was specifically designed to meet existing market needs on a platform that encompasses all aspects of securing outsourced business processes, particularly for financial services and government contracting companies."

New Features

Patent-pending innerGuard v2 delivers massive time and cost savings over custom built solutions designed to protect business processes. Significant features include:

• BITS Compliance - innerGuard v2 meets all of the aspects of BITS common criteria for application security.
• Easy to Use Interface - innerGuard v2 has new user interface that makes is very easy to administer and navigate the software as well as define policies and roles for groups and individuals.
• Data Compartmentalization and Expiry - innerGuard v2 serves as gateway to filter information in a secure, compartmentalized form outside the organization and even have it expire at a specified date and time after it has left the enterprise. It also enables organizations to send information in an electronic envelope that can only be opened when proper approval has been issued either instantly or at some time in the future. innerGuard v2 offers a quantum leap advancement over products that offer an all or nothing option to view information contained in documents.
• Expanded Protocol Support - innerGuard now has support for SMTP and TDS/SQL along with eight other protocols to provide the broadest protocol support available in any single product. It also provides a software development kit that allows companies to quickly build support for their own protocols. Please visit www.cerebit.com for a listing of all supported protocols.
• Easy Regulatory Compliance - Compliance with major regulations including Sarbanes-Oxley, Gramm-Leach-Bliley, HIPAA and others is easily accomplished in a fraction of the time when compared to competitive products.
• Low Total Cost of Ownership - Designed for non-technical business professionals, innerGuard v2 is easy to configure, deploy and manage. It enables companies to focus on what is truly important - maximizing business efficiencies and growth.

Pricing & Availability

innerGuard v2 is available immediately, and is priced at per instance basis. innerGuard delivers policy management and enforcement within the context of business processes. It allows business professionals to manage access, stop violations and prevent misuse by authorized users.

About Cerebit

Tampa based Cerebit builds visibility and trust into enterprise applications by tracking and preventing misuse of business-critical information by authorized users. Their non-intrusive and centrally managed products enable enterprises to gain end-to-end visibility into what users are doing within the context of a business process. In addition, they enable compliance with government regulations and the abstraction of security from applications. By encompassing support for both Web and legacy applications, the Company's products offer enterprises the ability to aggregate and consolidate application logging and security functionality into one cohesive offering. For more information please visit www.cerebit.com.

Contact:
Gary Davis
813.868.1904
gdavis@cerebit.com

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