05/13/2008

nCipher plc (LSE: NCH), an enterprise data protection company, and Jack Henry & Associates Inc.® (Nasdaq: JKHY), a provider of integrated technology solutions and data processing services for financial institutions, today announced a partnership in which Jack Henry & Associates' subsidiary, Symitar, will resell nCipher's CryptoStor product as part of its solution offering.

ebizQ received the following:

Symitar, which supplies credit unions with software systems and related services, has already deployed the nCipher CryptoStor product in a number of credit unions including Lockheed Federal Credit Union.

"The CryptoStor storage encryption appliance has a proven track record with my data processing department – uncomplicated installation, extremely reliable, simple user-friendly features, and complete transparency with our daily processing and speed of backups. It’s exactly what we were looking for in an encryption device. We are so impressed with this unit we have ordered two more for our new IBM® systems. Our off-site media is now safe with this device," said Joe Gates, data processing manager of Lockheed Federal Credit Union in Burbank, California.

Security regulations and compliance mandates require organizations – especially those in the financial services markets – to encrypt sensitive information throughout the entire data lifecycle including storage and back-up and recovery systems. Given the large volume of sensitive data that financial services organizations manage, these businesses must evaluate encryption solutions based on a number of criteria. The most important factors are the ease of deployment, the key management capabilities that secure data integrity and assure the on-demand access and recovery of keys, and the overall affect on network speed and performance.

"As solution providers for financial institutions, we are charged with delivering technology that not only meets today’s most stringent data security and regulatory requirements, but does it in an easy-to-manage form factor with minimal performance impact and the ability to meet disaster recovery guidelines," said Kathy Hooker Burress, president of Symitar. "nCipher’s CryptoStor allows us to offer a risk management solution that delivers unprecedented security and superior key management capabilities all in one easy-to-deploy appliance that helps minimize potential business interruptions."

"As a leading solutions provider for the financial services industry, Symitar knows first hand that its customers need an encryption and key management solution that meets compliance regulations by securing data at-rest and protecting against the loss or theft of encryption keys," said Richard Moulds, executive vice president of Product Strategy at nCipher. "nCipher is pleased to partner with Symitar to assure that its current and future customers’ storage security requirements can be satisfied in a convenient and quickly deployed manner."