From: William Knowles (wkC4I.ORG)
Date: Thu Apr 20 2000 - 11:17:37 CDT

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http://news.cnet.com/news/0-1008-200-1722572.html?tag=st.ne.1002.bgif.1008-200-1722572

By Melanie Austria Farmer
Staff Writer, CNET News.com
April 20, 2000, 10:35 a.m. PT

Management consulting firm PricewaterhouseCoopers is jumping into the
Web security market.

The "Big Five" consulting firm will launch a new subsidiary next week,
called BeTrusted, to provide Web security software to corporate
clients, said a spokesman for the firm. The company said its
subsidiary will target companies that make large, complicated
transactions with their business partners over the Internet.

PricewaterhouseCoopers is jumping into the Web security market as
companies increase their focus on Net security issues. To date, the
market has been dominated by VeriSign, which makes software to secure
online transactions using Public Key Infrastructure (PKI) technology.
PKI systems issue and manage digital certificates, which serve as
electronic IDs online.

In recent months, VeriSign has faced heightened competition from a
growing number of players, including Entrust Technologies and GTE's
CyberTrust, as more companies conduct increasingly complicated
transactions via the Web.

PricewaterhouseCoopers and rivals Andersen Consulting, KPMG and EDS
have all tackled the Web security market to some degree, using their
services to help financial companies secure their clients'
transactions online.

PricewaterhouseCoopers, which has been planning the new subsidiary for
the past year, is targeting clients that conduct hefty transactions
over the Web that require top-notch security efforts. This includes
financial institutions that conduct large wire transactions over the
Internet and companies that engage in large trading transactions with
their buyers and suppliers.

The new subsidiary, heavily backed by its parent, will initially be
staffed with about 120 PricewaterhouseCoopers employees and will
license Web security software from partners Entrust and Baltimore
Technologies.

The firm's spokesman said BeTrusted will be based in Columbia, Md.; it
is searching for a chief executive officer and other senior-level
executives to round out its management team.

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