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GE Capital IT Solutions to offer P-Synch

April 18, 2002
Newport, KY, and Calgary, Canada

GE Capital IT Solutions signs licensing and re-selling agreement with M-Tech

GE Capital IT Solutions, which designs, creates, and manages IT infrastructure for business has signed a licensing and re-selling agreement with M-Tech, Mercury Information Technology, Inc. to offer P-Synch, a total password management solution.

M-Tech, based in Alberta, Canada, is the leader in enterprise, cross-platform password management. P-Synch streamlines and secures password management. It allows authenticated users to synchronize and reset their own passwords. P-Synch strengthens security by decreasing the number of password problems and allowing businesses to require more complex and hard to crack passwords. When the help desk must be involved in a password reset, P-Synch minimizes the time required for resolution.

"We are very excited to be working with GE Capital IT Solutions," said Alan Donenfeld, M-Tech Director of Corporate Sales. "As a member of the GE family of businesses, GE Capital IT Solutions is known for its commitment to quality and to providing its customers with products and services that offer the best and most complete solutions available. After reviewing their customers' password management requirements, and very extensive review of available solutions, GE Capital IT Solutions selected P-Synch as the most comprehensive, most cost-effective solution."

"We chose P-Synch because it met our strictest standards for innovation and service," said Dick Boynton, Vice President Services Advanced Technology. "We are pleased to be able to offer an effective password management solution that is quickly installed and rolled out."

About GE Capital IT Solutions

With headquarters in Newport, Kentucky, and offices throughout North America, GE Capital IT Solutions offers seamless product and service solutions from industry-leading vendors to manage all aspects of information technology and e-business. From professional IT consulting and architecture design, to procurement and implementation, to on-going support, GE Capital IT Solutions provides expert GE consulting in critical areas such as client, network, server and storage technology, and brings industry best practices and six sigma methodology to every solution to take cost out, improve productivity, and increase quality. GE Capital IT Solutions is a GE Capital business; GE Capital, with assets of $425 billion, is a global diversified financial services company wholly owned by General Electric Company.

For further information about GE Capital IT Solutions contact:

Patricia Klaus
Vice President, Communications & PR
GE Capital IT Solutions
(859) 815-7533
Pat.Klaus@gecits.ge.com

About M-Tech

M-Tech is a computer security products company. The M-Tech identity management suite streamlines both password management and account provisioning, in addition to improving user self-service, and reducing user support costs. Hitachi ID Password Manager (formerly P-Synch) and Hitachi ID Identity Manager improve the security of network systems and lower their operating costs. The M-Tech client list includes top Fortune-500 companies such as Ford Motor Company, Sears Roebuck, AT&T Wireless, Bristol-Myers Squibb, and many more. For more information, please visit: Hitachi-ID.com