STAMFORD, CT – November 30, 2004 – Protegrity Corporation, the leading technology innovator for enterprise-wide database and storage security, announced today that it has signed a contract with a company in the top 50 of the Fortune 500 to implement Secure.Data™, the company’s software solution for centralized management and auditing of data security policies and for data encryption.  Secure.Data will be immediately installed to protect sensitive and private customer, employee, and financial data on 15 to 20 different servers operating Oracle- and MS SQL Server-based applications.  The contract was signed after the successful completion of a four-month pilot program.

The primary driver behind the decision was California SB 1386, a law that encourages businesses to encrypt non-public personal data in order to avoid penalties.  The law affects all organizations that maintain information about California residents.

According to Ulf Mattsson, chief technology officer for Protegrity, Secure.Data was selected because of its robust and mature technical capabilities, ease of deployment, and price/performance strengths.  “During the evaluation process, the client recognized that data encryption offered distinct advantages to application- or hardware-based security solutions,” said Mattsson.  “We won the contract for a variety of reasons, including our patented and automatic key management, the ability to separately manage and audit security responsibilities, and our solution’s ability to effectively secure data with minimal impact on application performance.”

“The business value of our solution was clear to the client,” said Gordon Rapkin, president and CEO.  “Decision makers realized they could rapidly deploy a complete and proven solution with minimal staff resources.  They avoided the risks and challenges of customizing mission-critical applications and gained legal compliance with a highly cost effective investment.”

Corporate customers implement Protegrity’s solutions to centrally define and manage enterprise data security policies and to comply with current and emerging regulations such as HIPAA, Sarbanes-Oxley, and Visa’s Cardholder Information Security Program (Visa CISP), as well as California SB 1386.   Secure.Data selectively encrypts sensitive data at the data-item level for database and storage security.  The solution, which incorporates patented security technology, delivers a unique combination of strong data protection and extensive auditing and management reporting capabilities, without impacting existing applications and IT infrastructure.

About Protegrity

Protegrity Corporation is the leading innovator of enterprise-wide database and storage security.  The company’s flagship product, Secure.Data, enables companies to deploy comprehensive security policies that empower management to confidently take responsibility of their sensitive data.  With Secure.Data, businesses can mitigate corporate risk and assure compliance with regulatory obligations.  Protegrity’s solutions are platform independent and are designed to protect information wherever it resides in today’s highly distributed computing environments.

For more than eight years, Protegrity’s award-winning technology has helped more than 60 customers, including many of the Fortune 100, address and resolve critical security challenges. Protegrity invented the core technology used for data-level encryption and owns key patents for database security and protection.  Protegrity is wholly owned by Xcelera Inc.  For more information, visit www.protegrity.com.

Secure.Data is a trademark of Protegrity Corporation.  All other trademarks are the property of their respective owners.

For more than eight years, Protegrity’s award-winning technology has helped more than 60 customers, including many of the Fortune 100, address and resolve critical security challenges. Protegrity invented the core technology used for data-level encryption and owns key patents for database security and protection.  Protegrity is wholly owned by Xcelera Inc. (AMEX:XLA). For more information, visit www.protegrity.com.

Secure.Data is a trademark of Protegrity Corporation.  All other trademarks are the property of their respective owner.

Please direct all press inquiries to:

Paul Giardina
Protegrity Corporation
1.203.326.7200 x1004
paul.giardina@protegrity.com

Steven Blinn
BlinnPR
212-675-4777
steven@blinnpr.com