Mantas and Sun Microsystems to deliver behavior detection platform to the financial services industry

MANTAS AND SUN MICROSYSTEMS TO DELIVER BEHAVIOR DETECTION PLATFORM TO THE FINANCIAL SERVICES INDUSTRY Companies Work To Identify Illicit Financial Activity While Uncovering New Business Opportunities For Financial Services Organizations Fairfax, VA and London, England, June 18, 2002 - Mantas, Inc., a leading provider of behavior detection technology for the financial services industry, today announced that it has been selected by Sun MicrosystemsTM to work as an iForceTM Capital Markets global partner in automating anti-money laundering, anti-fraud and other behavior detection solutions for financial services firms. Mantas and Sun will provide enterprise-packaged solutions based on a combination of Mantas' behavior detection technology and financial services expertise, along with Sun's infrastructure. As a partner in the iForce Capital Markets program, Mantas' behavior detection solutions are available on Sun's full range of platforms, from the Sun EnterpriseTM 420R to the Sun FireTM 15k, and Sun StorEdgeTM products. Additionally, Mantas' behavior detection solutions have been optimized to run with Sun's business software, thereby providing maximum performance and rapid deployment. The combination provides a true end-to- end system that can monitor and interpret transactions throughout the enterprise to detect illicit financial activity, money laundering and fraud. Mantas' anti-money laundering and fraud detection solutions use a powerful combination of highly sophisticated pattern recognition algorithms to uncover suspicious behavior and strengthen transactional transparency. Mantas' technology enables effective monitoring of all transactions, accounts and records across an enterprise. The Mantas system identifies and alerts analysts to potential suspicious activity by matching data against a library of behavior patterns and regulatory requirements. "The focus on customer and business behavior has become a strategic imperative for the financial services industry," said Simon Moss, Chief Executive Officer of Mantas. "Mantas is uniquely positioned to combat money laundering and fraud, protect investors, and help financial institutions identify new business opportunities. We are excited to be part of the iForce Program and are confident that our combined offerings will compliment the needs of our customers." The Mantas solution, combined with Sun's infrastructure, provides scalability and flexibility to meet the demanding needs of the financial services customer. Mantas applications are available on a single Sun Enterprise 420R offering the small to medium sized financial institution a cost effective solution. To address the needs of the large financial institutions, Mantas' solutions can operate on multiple Sun Fire 15K systems combined with multiple Enterprise 4000 and 6000 series systems. Through Sun's focus and support of industry standards, Mantas is able to offer an open, extensible, scalable architecture that can be adjusted with the customers' business growth. "Sun's strategy is to provide customers with open, cost-effective solutions," said Nigel Woodward, Global Alliances Manager, Sun Microsystems, Inc. "Sharing our expertise with iForce partners like Mantas will help our customers avoid closed, complex and expensive integration projects." About Mantas Mantas is a leading provider of behavior detection software solutions for the financial services industry. Backed by a powerful combination of sophisticated technology and industry expertise, Mantas boasts some of the most effective tools that banks and brokerages need to combat money laundering, fraud and suspicious trading activity. The unparalleled level of insight delivered by Mantas products enables firms to reduce risk, improve internal efficiencies, and satisfy regulatory and compliance requirements. The company empowers some of the world's largest financial institutions, including the National Association of Securities Dealers (NASD), Merrill Lynch, and other leading banks and brokerages. Mantas is a Safeguard Scientifics (NYSE:SFE) partner company and is backed by SRA International, Inc., an information technology firm with more than twenty years of experience. For more information, please visit www.mantas.com. About Sun Microsystems, Inc. Since its inception in 1982, a singular vision -- "The Network Is The ComputerTM" -- has propelled Sun Microsystems, Inc. (NASDAQ: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to take their businesses to the nth. Sun can be found in more than 170 countries and on the World Wide Web at http://sun.com. Sun Microsystems, the Sun logo, iForce, iPlanet, Solaris, Sun Enterprise, Sun StorEdge and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the US and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc. Contacts: For Mantas: UK Peter Scaramanga Euro Biss Lancaster (on behalf of Mantas) 011-44-207-539-2672 Peter.Scaramanga@bisslancaster.com U.S. Bill Ferguson Euro RSCG Middleberg (on behalf of Mantas) (212) 699-2742 WilliamF@middelberg.com For Sun Microsystems: Tim Brook Sun Microsystems UK Tel: 011-44-125-242-1426 Tim.Brook@Sun.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/18/20020618BIT01050/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/18/20020618BIT01050/wkr0002.pdf