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GeoTrust Appoints Timothy M. Adams as Chief Operations Officer

Leading Internet Security Company Promotes Technology Industry Veteran to Oversee Execution of Company's Growth Strategy in the e-Business Security Marketplace

May 22, 2002 - Wellesley, MA. - GeoTrust, Inc.(www.geotrust.com), an emerging leader in identity and security solutions for e-business, today announced the appointment of Timothy M. Adams to the position of chief operations officer. In his new position, Adams will be responsible for the day-to-day operations of the company. He will be working closely with the executive management team to continue the company's dramatic increase in market share in the competitive Internet security and Web identity industry. This appointment will enable Neal Creighton, GeoTrust's CEO, to focus his time on company strategy and be more available in the industry and with customers. Previously, Adams held the positions of chief financial officer at GeoTrust and at Digex, Inc. and was the VP of business operations at GTE Internetworking.

"Tim taking the helm as COO tops off our management team and further propels GeoTrust towards our goal of capturing thirty percent of the online transaction security market this year," said Neal Creighton, CEO and president at GeoTrust. "The learning phase in the development of the Web industry is over. Companies doing business online are looking to their vendors to provide solutions that go beyond standardized, run-rate technology. GeoTrust is providing a newer, better, more efficient and more cost-effective way to conduct business securely online."

Adams brings 20 years of strategic operations and financial experience in the high technology sector. Prior to GeoTrust, he was chief financial officer at Digex, a market leader in managed Web hosting services, where he led a successful $1 billion follow-on equity offering as well as spearheaded the sale of Digex to WorldComm. Before Digex, Adams was vice president of business operations at GTE Internetworking, where he developed an executive management system to oversee the operating results of the various GTE Internetworking business units.

GeoTrust has emerged as an innovator in the Internet security market, providing products and services to help business of all sizes in the areas of authentication, authorization and administration. According to an April 2002 report by SecuritySpace.com (www.securityspace.com), GeoTrust owns over eleven percent market share in the digital certificate market, continuing to seize share from existing industry leaders.

About GeoTrust, Inc.

GeoTrust, Inc.(www.geotrust.com), GeoTrust, Inc., an emerging leader in Identity and Trust Services, helps organizations of all sizes secure e-commerce transactions, trusted identities, and fully managed trusted environments for conducting e-business. GeoTrust's Enterprise Trust Services is the first fully managed PKI-based security service to safely deploy Internet applications for the next generation of business. GeoTrust's Web Trust Services offer hosting providers and businesses with world-class digital certificates for fast transaction security and patent-pending smart-seals to ensure a trusted identity on the web. With more than 25,000 companies in over 80 countries using its technology for transaction security, GeoTrust is the second largest digital certificate provider in the world. GeoTrust can be reached at www.geotrust.com or 800-944-0492.

GeoTrust is a registered trademark of GeoTrust, Inc. QuickSSL, True BusinessID, True Site and True Credentials Express are trademarks of GeoTrust, Inc. All other product names are trademarks or registered trademarks of their respective owners.

 

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Media Contact:

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    Phone: (781) 684-0770
    Fax: (781) 684-6500
    E-mail: geotrust@schwartz-pr.com

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