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Terisa Systems Completes Reorganization, Secures Major Investor Support for Internet Security Solutions

Strategic Insights

— 2 min read

In a major development in the Internet security sector, Terisa Systems has completed its reorganization, securing significant equity investments from leading on-line service providers and Internet technology developers. The six shareholders, including America Online, CompuServe, EIT, IBM, Netscape Communications Corporation, and RSA Data Security Inc., have contributed investments or technology to Terisa for the development of a suite of Internet security products. These products aim to provide a unified and consistent approach to Internet security, making it easier to provide and access secure information on the Internet and the World Wide Web.

Key Takeaways:

  • Terisa Systems has completed its reorganization, securing equity investments from leading on-line service providers and Internet technology developers.
  • The six shareholders have contributed investments or technology to Terisa for the development of a suite of Internet security products.
  • The first product of the newly organized Terisa is a version of Terisa's SecureWeb toolkit that combines Secure HTTP (HyperText Transfer Protocol) from EIT and SSL (Secure Sockets Layer) from Netscape.
  • The toolkit ensures application interoperability, allowing applications using one type of security protocol to work with applications using the other protocol.
  • The SecureWeb toolkit is expected to be available in 4th Quarter 1995, with commercial applications utilizing the toolkit by late 1995 or early 1996.
  • Terisa's charter is to bring to market a whole range of security-related products that build on the SecureWeb foundation.
  • The company is currently staffing up to support the strong pent-up demand from existing and new customers as it brings its unified toolkit to market.
  • Terisa is inviting other key industry players to join as additional equity partners, with Olivetti signing a Letter of Intent and in final negotiations to become a Terisa investor.
  • Many of the shareholder companies will immediately begin to implement applications using the Terisa unified Toolkit in their divisional units.

Statistics:

  • $2,995: The price of the SecureWeb Client Developers Toolkit.
  • $12,500: The one-time-fee for a 5,000 unit distribution license of the Client Run-time Distribution License.
  • $75,000: The annual fee for an Unlimited Client Distribution License of the Client Run-time Distribution License.
  • $2,995: The price of the SecureWeb Server Developers Toolkit.
  • $10,000: The one-time-fee for a 100 Unit Distribution License of the Server Distribution License.
  • $100,000: The annual fee for an Unlimited Server Distribution License of the Server Distribution License.
  • 4Q 95: The planned availability of the SecureWeb Toolkit and other Terisa products.
  • 5,000: The number of units for which the Client Run-time Distribution License costs $12,500.
  • 100: The number of units for which the Server Distribution License costs $10,000.

Sources:

  • "Terisa Systems Completes Reorganization, Secures Major Investor Support for Internet Security Solutions"
  • Terisa Systems press release
  • America Online, CompuServe, EIT, IBM, Netscape Communications Corporation, and RSA Data Security Inc. news releases.

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