New IDC Report Shows iKey Holds 35 percent of Fast Growing USB Token Market
A recent report on authentication and biometric technologies, “Hardware and Biometrics Authentication Part 2: The Fall Software Sequel,” from IDC, Framingham, Mass., shows that the iKey, from Rainbow eSecurity, a Rainbow Technologies, Inc., (Nasdaq: RNBO) company, is the world’s leading USB Web authentication token with a 35 percent share of the million market in 2000. This market is expected to reach 6.6 million by 2005. Rainbow eSecurity is a leading solutions provider of digital content and transaction security for the Internet and eCommerce.
According to IDC, Rainbow’s share of the USB authentication token market accounted for 35 percent or .1 million of the estimated million market in 2000. IDC predicts the USB token market could reach 6.6 million by 2005 as volume sales and deployment accelerate the adoption of this security form factor.
“IDC sees the potential for USB tokens for network authentication taking off in the next few years,” said Charles Kolodgy, research manager, Internet security, IDC. “IDC believes that Rainbow’s investment in product development, engineering and marketing for USB tokens well positions their iKey authentication token to be a leading product in this growing market segment.”
“The iKey represents our fastest growing product and as more organisations place business-critical data and applications on the Web, we believe that iKey is well positioned to provide users with the two factor authentication and access control,” said Shawn Abbott, president, Rainbow eSecurity.
Rainbow’s iKey is the industry’s leading family of USB-based Web authentication tokens, and is available in two products series’ – the iKey 1000 for Windows 2000 environments and the iKey 2000 for PKI and high assurance environments.
The iKey 2000 allows users to store their digital identities on a device that fits on their key chain. The iKey 2000 is specifically designed for use in PKI environments where on-board private key signing and storage is critical. The iKey 2000 supports enterprise, business-to-business and business-to-consumer applications built on all major PKI systems, including; eTrust PKI, Microsoft (Internet Explorer and Outlook), Netscape, Entrust, Baltimore, Xcert, Verisign, CyberTrust, Check Point, Aventail, KyberPASS and many others. The iKey 2000 works out of the box with all of these PKI environments. The iKey 2032 was recently awarded FIPS 140-1 Level 2 certification by the National Institute of Standards and Technology (NIST).
In addition, Rainbow offers the iKey 1000 workstation security solution. The iKey 1000 is a cost-effective security token for B2C loyalty and branding, Windows 2000 security and secure remote access.
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Catherine Eyres / Sarah Hewitt
Strategic Alliance International
IDC is a market research and consulting firm that supports the strategic planning needs of all segments of the high-tech industry. IDC assists information technology professionals in developing strategic plans, measuring market opportunity, anticipating technology, monitoring competition, selecting distribution channels, and evaluating the impact of industry events.
About Rainbow Technologies
Founded in 1984, Rainbow Technologies is a leading provider of security solutions for the Internet and eCommerce. Rainbow applies its core technology to a variety of Internet applications from securing software, to the acceleration of secure communication for eCommerce and Virtual Private Networks (VPNs). Rainbow's products include; secure Web server and VPN acceleration boards; anti-piracy and Internet software distribution solutions; PKI-based security solutions; voice, data and satellite security systems; and USB-based Web authentication tokens. Rainbow eSecurity is headquartered in Irvine, California, and has offices throughout the United States, United Kingdom, France, Germany, Australia, China, India, The Netherlands, Brazil, and Taiwan. A network of nearly 80 authorized distributors sell Rainbow products worldwide.
For more information, visit our Web site at http://www.rainbow.com
NOTE TO EDITORS: Contact Charles Kolodgy of IDC by calling +1 (508) 872-8200 or via email at email@example.com .
Rainbow Technologies and iKey are trademarks of Rainbow Technologies, Inc. All other company and product names are trademarks of their respective organisations.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in our Annual Report on Form 10-K and other materials filed with the Securities and Exchange Commission (“SEC”) (as well as information included in oral statements or other written statements made or to be made by the Company) contain statements relating to the following: dependence upon existing and new product offerings, competition, intellectual property and licensing, future growth, rapid technological and market change, manufacturing and sourcing risks, Internet infrastructure and regulation, the inclusion of network security functionality in hardware or system software, international operations, among others. These conditions involve important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The Company assumes no obligation to update information concerning its expectations.
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