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Bloombase achieves NIST in process listing for FIPS 140-2 validation for its industry leading encryption technology

San Jose, United States, Feb 27, 2009 - Bloombase Technologies, the information security company, today announced its Bloombase Cryptographic Module has been placed on the In-Process List for the FIPS 140-2 (Federal Processing Standards Publication) Validation by the National Institute of Standards and Technology in the United States and by the Communications Security Establishment in Canada.

"This is a major development for the company, having our products certified enforces our committment to providing the most secure information protection solutions for our customers safeguarding their mission critical IT systems and sensitive data," said Harry Xiang, VP of Product Development of Bloombase. "Achieving NIST module in-process listing for FIPS 140-2 validation for our transparent cryptographic technology is a testament to our ongoing strategy of providing reliable and trusted information security solutions for enterprises and organizations. We remain focused on collaborating with third-party organizations such as NIST to ensure that our products and solutions meet the highest criteria levels set by these bodies and exceed industry and regulatory requirements."

NIST FIPS 140-2 is a US government computer security standard used to accredit cryptographic modules and to certify private sector vendor products for use in government departments and regulated industries that collect, store, transfer, share and disseminate sensitive information. FIPS 140-2 validation is a requirement for any cryptographic product which will be used in a US government agency network. The United States Federal Government is required to purchase cryptographic products validated to the FIPS 140-2 standard. In the international marketplace, ISO/IEC 19790 is being adopted as a worldwide standard and is a direct adaptation of NIST FIPS 140-2.

The validation process involves both an algorithm validation where various cryptographic cipher algorithms supported by the module are to be tested independently, and then a module validation to test the operation and security of the module as a whole. The Federal Information Processing Standards (FIPS) 140-2 validation specifies security requirements necessary for a cryptographic module to be utilized within government security systems protecting sensitive, but unclassified information. Security level 2 certified cryptographic modules meet all the basic level 1 requirements plus many more additional requirements such as tamper evidence, role and identity based user authentication, etc.

Bloombase is currently in process of receiving NIST FIPS 140-2 validation and is listed on the NIST website at http://csrc.nist.gov/groups/STM/cmvp/documents/140-1/140InProcess.pdf. Final validation is expected to be completed by mid 2009.

About Bloombase Spitfire Security Platform

Spitfire StoreSafe Enterprise Storage Encryption Server secures confidential persistence data on physical storage subsystems including DAS, NAS and SAN, while providing a virtual view of the encrypted replica as if they are in plain, achieving transparent deployment and on-the-fly wire-speed encryption. Data interchange over XML and web services amongst enterprises streamlines business processes and accelerates electronic commerce. Spitfire SOA Security Server secures electronic data transactions by state-of-the-art cryptographic technologies, safe-guarding confidential data from unauthorized disclosure and sensitive data from being tampered. Spitfire Messaging Security Server protects integrity and privacy of corporate emails from potential leakage and hazards.

About Bloombase Technologies

Bloombase Technologies formulated a vision for next generation enterprise application integration and electronic data interchange to secure and accelerate information exchange. This vision brings together distributed and heterogeneous systems with seamless connectivity and empowers enterprise applications and systems with security by use of state-of-the-art cryptographic, service oriented architecture and network technologies. Its products and solutions are available from major OEMs, system integrators and resellers, and are deployed worldwide by governments, organizations and listed companies across industries including banking, financial services, healthcare, telecommunications, and manufacturing. For more information, please visit http://www.bloombase.com

Media Contact:

Bloombase Technologies
Corporate Communications
marketing@bloombase.com

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Bloombase is a trademark of Bloombase Technologies and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. The success of the agreements and products described above and the future operating results of Bloombase Technologies may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with new versions and new products, the availability of Bloombase Technologies' products and services, implementation of products and services, existence of errors or defects in products, rapid technological change, dependence on the Internet, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Bloombase Technologies assumes no obligation to update the information in this press release.