TriCipher, Inc. Names Sandra Bergeron as New Board Member

Sandra Bergeron, Executive Vice President of Corporate Development and Strategic Research for McAfee® Brings Additional Security Industry Knowledge and Vision to TriCipher Board

SAN MATEO, CA – March 9, 2005 TriCipher, Inc., the innovators of strong authentication for the real world, today announced the appointment of Sandra Bergeron to its board of directors. She brings a national reputation as a security expert and strong strategic skills to the company’s board, adding to the collective experience, market knowledge and vision of the company.

“We look forward to working with Sandra and expect that her deep industry knowledge and strategic skills will provide us with excellent direction and governance,” said Ravi Ganesan, Founder and CEO of TriCipher, Inc. “She will be able to provide important insight on the market.”

“As an early investor, I’m very pleased to see the progress TriCipher has made to date,” added Nick Efstratis, Partner at Wasatch Capital. “The addition of Sandra to the board is very timely and her experience and knowledge will be important to their future success.”

As one of Information Security Magazine's Top 25 Women of Vision in 2003. Bergeron's opinions on security matters are highly sought after by government and private industry leaders. Prior to assuming her EVP role responsible for strategic planning and mergers and acquisitions, Bergeron served as president of the Network Associates PGP Security business unit. At McAfee, Bergeron has also held the positions of senior vice president of U.S. sales for the McAfee Security business unit; senior vice president of McAfee Development; vice president of security engineering; director of Help Desk development; and director of development for the Saber LAN Workstation line of products.

“We welcome Sandra to the board,” stated Rick Friedman, Partner at ArrowPath Venture Capital and current board member. “She has years of experience launching and managing successful security products in the market that will be invaluable to TriCipher.”

“TriCipher has a unique, patented technology and is hitting the market at the right time,” according to new board member Bergeron. “I look forward to helping them navigate the market and making the most of their opportunity.”

About TriCipher, Inc.

TriCipher, Inc. provides strong authentication for the real world. The first authentication system that issues multiple types of credentials from a single infrastructure, the TriCipher Armored Credential System™ (TACS) allows for authentication strength to change in response to new threats without any infrastructure changes. Our patented technology fills the gap between authentication systems that are either not secure enough or too hard to use and deploy. TriCipher’s innovative approach to strong multi-factor authentication protects against phishing and eliminates dictionary attacks. Founded in 2000, TriCipher is headquartered in San Mateo, California. The Company was incubated as NSD Security before launching as a separate entity in 2005. Investors in TriCipher are ArrowPath Venture Capital, Intel® Capital, Trident Capital and Wasatch Venture Partners. For more information, please visit www.tricipher.com or email info@tricipher.com.

For More Information Contact:

Elizabeth Safran, Trainer Communications for TriCipher, Inc.

elizabeth@trainercomm.com, (408) 920-0585

Sally Sheward, TriCipher, Inc.

sally@tricipher.com, (650) 372-1312