RSA Ventures, the venture capital fund of RSA Security, invests in
Marrakech, the global transaction company, today announced that it is
working with RSA Security Inc. (NASDAQ: RSAS) on delivering security for
the Marrakech Global Commerce Network (MGCN). Marrakech is a
business-to-business (B2B) company that enables end-to-end business
transactions through the MGCN. The network supports buyers, suppliers,
banks and other intermediaries conducting commercial transactions in an
online environment. The companies also announced that RSA Ventures, the
venture capital fund of RSA Security, made an investment in Marrakech
earlier this year. RSA Security's investment underscores the importance
of effective B2B solutions to improving the flow of global commerce.
"B2B commerce solutions are of paramount importance in driving
improvements in both top and bottom-line performance," commented Fergal
Mullen, Partner, RSA Ventures. "We believe Marrakech is pioneering a new
approach to B2B commerce, providing buyers, sellers and banks with a
comprehensive and secure environment for doing business electronically.
We are pleased to be working with Marrakech to help companies leverage
these services and enhance existing inter-company trade relationships."
"While there is currently a significant amount of hype being driven by B2B
technology vendors with promises of a business revolution, we believe the
long term fundamentals of a secure business environment for commercial
transactions will deliver substantial long term value for participants,"
according to Kelly Murphy, chief executive officer at Marrakech. "The
secret to the successful provision of this environment is a service that
reflects the needs of the trading partners and focuses on making the
relationships between them faster and more effective than they are today.
That's the Marrakech proposition."
Participants in a commercial network must have absolute confidence in its
security architecture for the platform to reach critical mass in terms of
market participation and liquidity. Marrakech's objective is to provide a
secure online commerce environment within the Marrakech Global Commerce
Network and its work with RSA Security is critical to achieving this goal.
Marrakech is the global transaction company. Marrakech's Global Commerce
Network is an Internet based trading platform that facilitates commercial
transactions between member organizations. It is the only commerce
platform that integrates procurement and payment services into one single
neutral network for buyers, suppliers and other intermediaries. Marrakech
is a privately held company with offices in Dublin, London, Paris, Mexico
City, Singapore and Dallas. Visit Marrakech at http://www.marrakech.com/
About RSA Security Inc.
RSA Security Inc., The Most Trusted Name in e-Security, helps
organizations build secure, trusted foundations for e-business through its
RSA SecurID® two-factor authentication, RSA BSAFE® encryption and RSA
Keon® digital certificate management systems. With more than a half
billion RSA BSAFE-enabled applications in use worldwide, more than seven
million RSA SecurID users and almost 20 years of industry experience, RSA
Security has the proven leadership and innovative technology to address
the changing security needs of e-business and bring trust to the new,
online economy. RSA Security can be reached at http://www.rsasecurity.com
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