CYRANO Finalizes the Spin-Off of Networks Vigilance

CYRANO Brings Its Subsidiary to VIGILANTe in a Merger Agreement Between These

Two Vulnerability Assessment Market Specialists



Apr 04, 2001, 01:00 ET from CYRANO s.a.

    BOSTON, April 4 /PRNewswire/ -- CYRANO has announced today the closing of
 an agreement between its subsidiary Networks Vigilance and VIGILANTe, a
 Danish/American company.  The three companies have signed an agreement on
 March 31st by which Networks Vigilance and VIGILANTe will merge no later than
 April 13th at the end of the ongoing due-diligence process.
     According to the agreement, CYRANO, that currently owns 56.32% of Networks
 Vigilance equity after the third round of financing of its subsidiary, will
 own over 11% and one seat at the board of the merged company.  The new
 company, named VIGILANTe, is valued more than US$ 50 millions based on
 VIGILANTe last round of financing.
     "CYRANO finalizes the operation initiated last September", said Robert
 Ernens, Chairman and CEO of CYRANO.  "To succeed in the security market space,
 you need more than the best technology.  You have to be recognized as an
 expert and to have the critical mass to serve the market.  This is a market
 for well-funded specialists.  CYRANO was pursuing two objectives when it
 initiated the spin-off of its security business: provide this activity with
 the resources needed to quickly grow and create value for CYRANO's
 stockholders.  With this merger, we have achieved these two objectives.
 VIGILANTe brings to Networks Vigilance an impressive list of clients,
 established market awareness and significant financial resources.  Networks
 Vigilance brings to VIGILANTe a technology acclaimed by numerous security
 experts.  The merged company will be in the position to become the worldwide
 leader for e-business infrastructure vulnerability assessment.
     CYRANO is a publicly traded company in Paris on the EuroNM (Sicovam 3922,
 Reuter CYRA_LN, Bloomberg CYRA FP).
 
     About VIGILANTe
     VIGILANTe.com, Inc., the leading provider of security assurance delivered
 over the Internet, protects companies worldwide through patent-pending test
 solutions.  SecureScan, VIGILANTe's award-winning automated security
 assessment service, finds network vulnerabilities and recommends corrective
 actions to prevent exploitation by cyber-criminals.  VIGILANTe is
 headquartered in New York with additional offices in North America and Europe.
     VIGILANTe and SecureScan are trademarks and service marks of
 VIGILANTe.com, Inc.
 
     About Networks Vigilance
     Networks Vigilance provides Network and firewall vulnerability assessment
 tools and services.  Its offerings is composed by an award winning product set
 NV e-secure, and online ASP-based assessment service AuditmyNet and NV
 e-assement, a set of professional services, including training and
 recommendations.  Networks Vigilance belongs to CYRANO Group, a leading Web
 performance, security and application management software editor.  Products
 and services are available through a networks of Partners.
 
     About CYRANO
     CYRANO is a public company listed on the EuroNM of the Paris Bourse
 (Reuters: CYRA.LN, Sicovam 3922).  Formed in 1989 and publicly traded since
 1998, CYRANO is headquartered in Paris, France, with regional headquarters in
 the UK and USA. CYRANO is one of the world leaders in the software testing,
 monitoring and quality assurance marketplace. By providing industry-leading
 software for WEB performance testing (OpenSTA(TM)), functional and regression
 testing and WEB applications monitoring (WebTester), database performance
 testing and analysis (Impact and Workbench), database monitoring (Production),
 network and firewall vulnerability testing (NV e-secure), legacy understanding
 and testing (Wincap and Test) and strategic consulting and education
 offerings, CYRANO is an end-to-end quality assurance provider to its
 customers, helping them maximize their IT investments and ensure uninterrupted
 e-business.  CYRANO offers integrated solutions, service and support to
 companies that want to minimize risk, benchmark Service Level Agreements and
 enable Capacity Planning for their IT infrastructures.
 
 

SOURCE CYRANO s.a.
    BOSTON, April 4 /PRNewswire/ -- CYRANO has announced today the closing of
 an agreement between its subsidiary Networks Vigilance and VIGILANTe, a
 Danish/American company.  The three companies have signed an agreement on
 March 31st by which Networks Vigilance and VIGILANTe will merge no later than
 April 13th at the end of the ongoing due-diligence process.
     According to the agreement, CYRANO, that currently owns 56.32% of Networks
 Vigilance equity after the third round of financing of its subsidiary, will
 own over 11% and one seat at the board of the merged company.  The new
 company, named VIGILANTe, is valued more than US$ 50 millions based on
 VIGILANTe last round of financing.
     "CYRANO finalizes the operation initiated last September", said Robert
 Ernens, Chairman and CEO of CYRANO.  "To succeed in the security market space,
 you need more than the best technology.  You have to be recognized as an
 expert and to have the critical mass to serve the market.  This is a market
 for well-funded specialists.  CYRANO was pursuing two objectives when it
 initiated the spin-off of its security business: provide this activity with
 the resources needed to quickly grow and create value for CYRANO's
 stockholders.  With this merger, we have achieved these two objectives.
 VIGILANTe brings to Networks Vigilance an impressive list of clients,
 established market awareness and significant financial resources.  Networks
 Vigilance brings to VIGILANTe a technology acclaimed by numerous security
 experts.  The merged company will be in the position to become the worldwide
 leader for e-business infrastructure vulnerability assessment.
     CYRANO is a publicly traded company in Paris on the EuroNM (Sicovam 3922,
 Reuter CYRA_LN, Bloomberg CYRA FP).
 
     About VIGILANTe
     VIGILANTe.com, Inc., the leading provider of security assurance delivered
 over the Internet, protects companies worldwide through patent-pending test
 solutions.  SecureScan, VIGILANTe's award-winning automated security
 assessment service, finds network vulnerabilities and recommends corrective
 actions to prevent exploitation by cyber-criminals.  VIGILANTe is
 headquartered in New York with additional offices in North America and Europe.
     VIGILANTe and SecureScan are trademarks and service marks of
 VIGILANTe.com, Inc.
 
     About Networks Vigilance
     Networks Vigilance provides Network and firewall vulnerability assessment
 tools and services.  Its offerings is composed by an award winning product set
 NV e-secure, and online ASP-based assessment service AuditmyNet and NV
 e-assement, a set of professional services, including training and
 recommendations.  Networks Vigilance belongs to CYRANO Group, a leading Web
 performance, security and application management software editor.  Products
 and services are available through a networks of Partners.
 
     About CYRANO
     CYRANO is a public company listed on the EuroNM of the Paris Bourse
 (Reuters: CYRA.LN, Sicovam 3922).  Formed in 1989 and publicly traded since
 1998, CYRANO is headquartered in Paris, France, with regional headquarters in
 the UK and USA. CYRANO is one of the world leaders in the software testing,
 monitoring and quality assurance marketplace. By providing industry-leading
 software for WEB performance testing (OpenSTA(TM)), functional and regression
 testing and WEB applications monitoring (WebTester), database performance
 testing and analysis (Impact and Workbench), database monitoring (Production),
 network and firewall vulnerability testing (NV e-secure), legacy understanding
 and testing (Wincap and Test) and strategic consulting and education
 offerings, CYRANO is an end-to-end quality assurance provider to its
 customers, helping them maximize their IT investments and ensure uninterrupted
 e-business.  CYRANO offers integrated solutions, service and support to
 companies that want to minimize risk, benchmark Service Level Agreements and
 enable Capacity Planning for their IT infrastructures.
 
 SOURCE  CYRANO s.a.