Chrysalis-ITS® Hardware Secures FundSERV Financial Transaction Processing: Solution Provides Secure Desktop and E-mail Services to Canadian Investment Advisor and Mutual Fund Companies

Chrysalis-ITS today announced its LunaŅ Hardware Security Modules (HSMs) have been successfully deployed by FundSERV, a leading provider of electronic business services to the Canadian investment fund industry. FundSERV provides secure desktop and e-mail services to the investment advisor and mutual fund company communities with digital certificates from its IDentity service. Chrysalis-ITS HSMs supply critical encryption key protection within the FundSERV IDentity service.

FOR IMMEDIATE RELEASE

Chrysalis-ITS® Hardware Secures FundSERV Financial Transaction Processing

Solution Provides Secure Desktop and E-mail Services to Canadian Investment Advisor and Mutual Fund Companies

Ottawa, Ontario -- August 20, 2002 - Chrysalis-ITS today announced its LunaŅ Hardware Security Modules (HSMs) have been successfully deployed by FundSERV, a leading provider of electronic business services to the Canadian investment fund industry. FundSERV provides secure desktop and e-mail services to the investment advisor and mutual fund company communities with digital certificates from its IDentity service. Chrysalis-ITS HSMs supply critical encryption key protection within the FundSERV IDentity service.

FundSERVs IDentity service combines the latest in security software with encryption technology to protect its customers e-business transactions and communications. Chrysalis-ITS Luna HSMs safeguard the most sensitive cryptographic information to ensure encryption keys are invulnerable to attack. These keys underpin the secure issuance of digital certificates to FundSERV members. IDentity participants (subscribers) are assigned digital identities, which are used to access FundSERV's web portal service. The solution ensures fund companies are able to offer secure access to more information over the Internet, with strong authentication and reduced administration.

Reliability and security top the list of our customer requirements and we are addressing these needs with our IDentity security program," said Amir Jafri, Vice President, Technology, FundSERV. Vendors like Chrysalis-ITS supply an important part of our program as were committed to implementing best-in-class hardware and software to safeguard customer transactions and ensure enhanced security for our members."

Large value transactions processed on the Internet must provide high assurance about the identity of each party, and authenticity of the transaction. This is extremely important in an area like investment fund settlement where millions of dollars require rapid and secure settlement," said Randy Kun, Vice President of Marketing and Product Line Management, Chrysalis-ITS. Chrysalis-ITS is pleased to play an important part in what FundSERV has established as one of the most efficient fund transaction processing systems world wide."

With extensive deployment experience and a blue-chip clientele of Fortune 500 companies, financial institutions, government organizations and service providers, Chrysalis-ITS has a solid track record for securing online digital identities and transactions. Serving more than 650 members and 10,000 funds online, FundSERV enables its investment advisor members to leverage certificate management technology with web-based efficiency to grow their client base and add value to investor relations.

About FundSERV
For further information on FundSERV, please visit www.fundserv.com.

About Chrysalis-ITS
Chrysalis-ITS is a leading vendor of hardware security products that employ Luna® technology to secure and accelerate applications including electronic financial transactions, SSL, smart card issuance, document security and digital identity management. The company is revolutionizing hardware security with a line of appliances that dramatically simplify the deployment of secure applications. Chrysalis-ITS products power security solutions deployed to customers spanning the world's leading financial institutions, service providers, and government agencies. Chrysalis-ITS products are delivered through a global network of distributors and value-added resellers. Founded in 1994, Chrysalis-ITS is headquartered in Ottawa, Canada, with offices in England, Japan and the United States. The company website is http://www.chrysalis-its.com.

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