Category: Uncategorized
November 11, 2003

News Release: Xcelera's subsidiary, Ineo Receives $4,200,000 in Orders from Leading Telecommunications Companies to License Passwerks Security Suite

Ineo, the emerging leader in access control and secure session management software and a indirect wholly subsidiary of Xcelera Inc. (AMEX:XLA), announced today that two prominent Regional Bell companies have licensed its Passwerks Security Suite (Passwerks) for initial deployment. The orders call for 2003 delivery of Passwerks to Regional Bell Companies. 'Passwerks was designed specifically for large, demanding telecommunications companies. Ineo had the foresight to recognize the change in telecommunications network security risk from physical to virtual. With Passwerks Security Suite, we provide a first-to-market solution that addresses the telecommunications industry's demand for high security access control and secure session management concerns,' said Gustav Vik, CEO, Ineo.

'Passwerks'design supports both industry and government standards such as Telcordia GR 815, and T1 M1 standards requirements. Passwerks' centralized methods and procedures deliver uniform access control and security across networks, putting Service Providers back in control of who and what is on the network. Customers improve network security via user id control, auditable records review, and encrypted network communication. And while Passwerks focuses on security, our customers realize significant operational cost savings as well, when they run Passwerks in their networks,'Said Michael O'Brien, Vice President Engineering and Operations, Ineo.

'Interest in Passwerks Security Suite is growing worldwide. Service Providers now place network security and access control at the forefront of their decision- making priorities. These commitments are evidence of the new priorities. Receiving these orders for initial deployment on the heels of a follow-on order from a major Canadian telecommunications client is especially pleasing,'said Charles Young, Vice President, Sales and Marketing for Ineo.

About Ineo

Ineo is a leading telecommunications security software provider. The Passwerks Security Suite (Passwerks) is a unique first-to-market solution for telecommunications companies that are concerned about access control and secure session management. Passwerks offers telecom service providers a suite of features, including escorted access-single sign-on, authentication, authorization, and network-wide role-based access control. Ineo is a wholly owned by Xcelera Inc. (AMEX:XLA). Ineo's United States office is in Cary, North Carolina. For additional information, please visit www.ineousa.com or call +1 866-PASSWERKS.

SOURCE: Ineo

Ineo USA Inc. Charles Young, 919-319-1099 x 106 This email address is being protected from spambots. You need JavaScript enabled to view it.

WEBSITE EMAIL