iPolicy Wins Prestigious TiEcon 2004 'Best in Security Ecosystem' Award

Provider of Intrusion Prevention Firewall Systems Recognized in the Security Category for Its Vision, Value Proposition, and Product Architecture

FREMONT, Calif., May 18, 2004—iPolicy Networks, inventor of the Intrusion Prevention Firewall for real-time network protection, today announced it has won the "Best in Security Ecosystem” award at the TiEcon 2004 (The Indus Entrepreneurs Conference) Spotlight forum held on May 15th in Santa Clara, CA. TiEcon, an invitation-only event is the world’s largest convention for entrepreneurs, providing authoritative roadmaps for traversing the evolving ecosystems in the areas of Information Technology, Communications and Biotechnology.

iPolicy was one of 7 Spotlight companies chosen from a select pool of about 40 nominees in the security ecosystem or category to participate in TiEcon’s Spotlight forum this year. The distinguished panel of judges who selected iPolicy for this prestigious award included the following veterans and thought leaders from the security industry:

• Neeraj Bharadwaj, Partner at APAX Partners who focuses on wireless/mobile data, web services and security investing in the U.S.
• Asheem Chandna, Venture Partner at Greylock Partners was formerly vice-president of business development and product management with Check Point Software Technologies.
• Jay Chaudhry, Chairman of AirDefense and CipherTrust, founded SecureIT, the first pure-play Internet security services company.
• Michael Dickstein, Director, Security Strategy at Microsoft formerly a member of the senior management team at Internet Security Systems (ISS)
• David Flynn, VP, Product Marketing, Security Products Group at Juniper Networks who, prior to Juniper, was vice president of marketing for Netscreen.

Key criteria judges used to distinguish various companies, and ultimately single out iPolicy as "Best in Security Ecosystem” were: Customer Pain Identification & Market Analysis, Company Value Proposition - Uniqueness & Differentiation, and Customer Gain Demonstration - Financial, Strategic, and Personal.

“To be chosen for the prestigious TiEcon award by a panel of security industry leaders who are knowledgeable about customer pain points and understand where future opportunities lie, is a matter of great pride and honor for iPolicy,” said Prabhu Goel, chairman and CEO of iPolicy Networks.

“Today’s enterprises that rely on legacy firewalls are constantly plagued by the increasingly complex virus and worm attacks,” added Prabhu. At iPolicy, we recognized the need for firewalls that do more than just access control. Our Intrusion Prevention Firewall is a next-generation firewall providing multiple defense mechanisms such as worm mitigation, DDoS mitigation, URL filtering, anti-virus, etc., intrinsically built into it. The benefit to customers is “complete” security, with no compromises in performance.

About TiEcon
TiEcon provides promising start-ups and pre-IPO companies with an opportunity to network with industry leaders, venture capitalists, and entrepreneurs and showcase their products and services. The organization has a strong history of mentoring companies that have gone on to great success. The TiEcon Spotlight is a forum where industry leaders, veteran entrepreneurs, and business visionaries work together to single out and recognize whom, among the best is the very best.

About iPolicy Networks
iPolicy Networks is the developer of the world’s first Intrusion Prevention Firewall, the ipEnforcer product line. It is a firewall that protects data networks from a wide range of security threats, with no compromise to network performance while offering a significant reduction in TCO. The ipEnforcer product line has multiple firewall defense mechanisms intrinsically built into the product that successfully block worms, viruses, MMC (mobile malicious code), encrypted threats, undesirable content through URL filtering policies, and mitigates DoS and DDoS attacks in addition to providing access control, the function traditionally performed by a firewall. The ipEnforcer is powered by a Single Pass Inspection Engine™ that performs layer 3-7 inspection of packets at very high speeds (100Mbps to 5Gbps) for detection of activity that requires enforcement action by the Intrusion Prevention Firewall. The ipEnforcer is complemented by iPolicy’s Unified Security Manager (USM), which allows customers to configure, manage, monitor, and report security across the entire global enterprise network. USM’s holistic management, Virtual Security Domains, hierarchical management, and policy based security enforcement allow enterprise to enforce consistent security across their enterprise and helps with compliance to regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley, HIPAA, and European Data Privacy Directive.

iPolicy Networks is located in Fremont, Calif., and is privately held. For more information, please visit our Web site at www.ipolicynetworks.com or call +1.510.687.3287.