Press Release: PGP Corporation Named Technology Innovator

PGP CORPORATION NAMED A TOP TECHNOLOGY INNOVATOR BY VARBUSINESS MAGAZINE

PGP Universal receives Editor's Choice award

Palo Alto, CA/03 November, 2003 – PGP Corporation, the recognized leader in secure messaging and information storage, today announced that it has been recognized by VARBusiness magazine for outstanding achievement in technology innovation. PGP Corporation's recently announced PGP® Universal received a special Editor's Choice award in the area of Security in the VARBusiness Tech Innovators award competition.

"Innovations like those we've seen from PGP Corporation demonstrate the vibrancy and vitality of the technology industry," said VARBusiness Editorial Director Robert C. DeMarzo. "PGP Corporation is making it safe to get back in the water for secure email."

VARBusiness magazine, which covers the business of technology integration, honored PGP Corporation at an awards event held on October 27, 2003, in Scottsdale, Arizona. Andrew Krcik, Vice President of Marketing and Products for PGP Corporation, was on hand to receive the award. PGP Universal was among more than 400 entries submitted by nearly 250 companies in 8 technology categories.

"PGP Corporation has built a company based on three pillars: a recognized global brand with tremendous customer support, an established channel, and innovative technology and solutions to solve our customers' problems," said Phillip Dunkelberger, President and CEO of PGP Corporation. "We are thrilled to be recognized by VARBusiness as we continue to uphold the strong PGP brand that customers equate with industry-leading security products."

In addition, the company will be recognized in the VARBusiness December 15 "State of Technology " issue, which will include profiles, features, and in-depth explanations of the technologies and products singled out for recognition with Tech Innovators awards.

About VARBusiness Magazine
For the past 16 years, VARBusiness ' strategic resources have been the gateway to the Solution Provider community. VARBusiness provides unique strategic business and technology insight for Solution Providers through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design. Additional information about VARBusiness products, events and services, is available on the magazine's Web site at www.varbusiness.com.

About PGP Corporation
The recognized worldwide leader in secure messaging and information storage, PGP Corporation develops, markets, and supports products used by a broad installed base of enterprises, businesses, governments, individuals, and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP® technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP Universal-an automatic, self-managing, network-based solution for enterprises-as well as desktop, mobile, and SDK solutions. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

PGP is a registered trademark and the PGP logo is a trademark of PGP Corporation. Product and brand names used in this document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.