Safend Signs M Factory Corporation as Distributor, Secures Agreement with Credit Suisse Life Insurance; End-Point Security Firm Continues Global Expansion

PHILADELPHIA  - January 16, 2006

Safend, a leading international endpoint security firm, announced today that it has joined forces with Japanese company M Factory Corporation, introducing Safend solutions to Japanese markets. M Factory, a major distributor of complex network systems, has quickly brought Safend's product to market, signing a 1300-seat agreement with Credit Suisse Life Insurance.

"Safend Protector is feature-rich, easy to implement and competitively priced for the Japanese market," says Vito Molinaro, Vice President of Professional Services Division for M Factory Corporation. "As Japanese companies are becoming more conscious of end-point security due to the Privacy Law enacted this past April, we recognized the partnership with Safend as a good business opportunity."

Safend develops security solutions for enterprise endpoints. Their most recent product, Safend Protector, secures networks from data theft and tampering via their peripheral connections including USB, FireWire, WiFi, Bluetooth, Infrared (IrDA), and removable media such as CD/DVDs.

Recognizing the challenges of securing a mobile workforce such as those found in the financial and insurance industries, M Factory Corporation presented a security solution to Credit Suisse Life Insurance that offered high-level protection as well as regulation compliance.

"Most of the current endpoint security products don't include the strong focus on device control that Safend Protector provides," says Kazunari Kurasaki, Group Head of Information Technology Division for Credit Suisse Life Insurance.

"Combining this protection with Safend Auditor allows us to see specifically the threats we're facing. By presenting the two products, M Factory, in partnership with Safend, was able to provide us with a unique and comprehensive solution to a growing problem."

"We're very pleased with this partnership," says Gil Sever, Safend CEO. "M Factory's early success in launching our product in Japan simply reinforces the trust we have in their ability to expand our market. We look forward to many more mutual achievements."

ABOUT M FACTORY

Founded in 1997, M Factory specializes in the development and delivery of complex broadband IT systems, with a high degree of experience in media, contents, security, and network solutions. M Factory's comprehensive suite of solutions includes contents aggregation and provision, xOD and other middleware-based products, web and CRM packages, and security solutions covering endpoint security in addition to appliance and application-based products. M Factory's team of specialists includes CISSP-certified security experts able to provide tailored security consultancy services, and seasoned system integrators, all working to ensure customer needs are fully met.

ABOUT CREDIT SUISSE LIFE INSURANCE

Credit Suisse Life Insurance Co., Ltd. is a member of Winterthur Group, the insurance arm of Credit Suisse Group. With the new concept of "asset building through life insurance", Credit Suisse Life offers life insurance as an active asset-building tool to help achieve an affluent lifestyle, whilst also providing protection against unexpected incidents. Founded in 1986, the company had premium income of JPY 62 billion for the year to 31 March 2005, and total assets of JPY 219 billion at that date.

ABOUT SAFEND

Safend is headquartered in Tel Aviv, Israel, with US offices in Philadelphia, PA, and is funded by Walden Israel, Elron Electronic Industries and Intel Capital. Safend provides the world's most comprehensive end-point security solutions for the enterprise with its USB Port Protector, Safend Protector, and Safend Auditor which are available exclusively through authorized resellers worldwide. For more information on Safend and its products, visit www.safend.com.

CONTACT:

Safend
Dor Skuler
215-496-9646
dor@safend.com
www.safend.com

or

M Factory
Vito Molinaro
vito@mfactory.tv

or

Ann Revell-Pechar
678-205-1477
Cell: 404-550-0802
ann@izonmarketing.com