CyberSource Executive Chairman and Founder Honored by Irish Technology Leadership Group

MOUNTAIN VIEW, Calif., March 15 /PRNewswire-FirstCall/ -- CyberSource Corporation (Nasdaq: CYBS), announced today that Executive Chairman and Founder William McKiernan will be recognized by the Irish Technology Leadership Group (ITLG) for his contribution to advancing the position of Ireland as a center for innovation and excellence in technology. Mr. McKiernan will receive the award at the ITLG's third annual Innovation Awards banquet, to be held tonight at Stanford University.

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In 2008, CyberSource opened a development center in Belfast Northern Ireland in partnership with economic development agency Invest Northern Ireland. The center has grown rapidly to become one of the company's development hubs along with those in Utah, Texas, Washington, and the company's headquarters in Mountain View, Calif.

"It's an honor to be recognized by the ITLG," said McKiernan, "but the real beneficiary of our connection with Ireland has been our company.  We have found access to great engineering talent and in the short time we've been operational in Belfast, we have seen significant progress against some demanding research and development goals."

This is the third time the award has been given; previous honorees were Dr. Craig Barrett, former Chairman of Intel Corporation, and Micheal Martin, Ireland's Minister for Trade. Dr. Barrett, who recently became Chairman of the ITLG, will give this year's keynote speech. Governor Arnold Schwarzenegger and San Jose Mayor Chuck Reed are scheduled to be in attendance.

About ITLG:  

Established in 2007, the ITLG is a group of executives and technology leaders in Silicon Valley who are Irish or Irish-American, each of whom is committed to helping Irish startup companies. Chaired by Dr. Craig Barrett, members of the ITLG include John Hartnett, CEO of G24i, Inc. John Gilmore, CEO of Sling Media, Conrad Burke, President and CEO of Innovalight, Inc, Inc., Rory McInerney, Vice President, Intel Corp, and Barry O’Sullivan, Senior Vice President at Cisco. For more information about the ITLG, visit www.itlg.org.

About CyberSource

CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry-leading risk management and payment security solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 295,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, Singapore, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information on CyberSource please visit www.cybersource.com or email [email protected]. For more information on Authorize.Net small business solutions, please visit www.authorize.net or email [email protected].

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SOURCE CyberSource Corporation