MARRAKECH ANNOUNCES COLLABORATION WITH RSA SECURITY TO DELIVER SECURITY FOR BUSINESS-TO-BUSINESS TRANSACTIONS Thursday 30 November 2000 PDF Print RSA Ventures, the venture capital fund of RSA Security, invests in Marrakech 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. About Marrakech 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 This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.