Mindspeed(TM) Technologies Adopts Joint GRIC - Axcelerant Solution For Outside The Firewall AccessLeading Semiconductor Company to Obtain Secure Access from Outside Corporate Firewall for Both Mobile and Remote Workers with Single Solution MILPITAS, Calif., Oct. 6, 2003 -- GRIC Communications (Nasdaq: GRIC), a leading provider of secure enterprise mobility solutions, today announced that Mindspeed Technologies, Inc. (Amex: MND), a leading supplier of semiconductor solutions for network infrastructure applications, has adopted GRIC MobileOffice and Axcelerant, Inc.'s Secure Broadband Telework service as a combined solution to manage all corporate network access from outside its corporate firewall. GRIC announced last month that it was acquiring Axcelerant so that it could provide customers with the same high level of secure access for fixed remote workers as it can for mobile workers. Mindspeed has relied on Axcelerant's broadband managed VPN services since 1999 at which time it was a division of Conexant Systems. Today more than 200 remote users are securely connected to the Mindspeed corporate network through Axcelerant's Secure Broadband Telework service. "The combination of the GRIC and Axcelerant services creates a powerful solution for any enterprise trying to manage access to their corporate network from outside their firewall," said Randy Colvin, Manager of Networking and Telecom at Mindspeed. "Most companies that have both mobile and remote workers, as we do, should benefit from the control, cost savings, and productivity gains offered by this combination." "Mindspeed's decision to implement a joint GRIC-Axcelerant solution represents the first of, what I expect will be, many customer endorsements of the value we intend to deliver by combining our two companies," said Bharat Dave, GRIC President and Chief Executive Officer. "Every major customer we have talked to -- both Axcelerant's and GRIC's -- has been excited at the prospect of being able to control all access to its corporate network from outside its firewall, with a single solution from a single provider. Better control, lower total cost of ownership, and higher productivity. That's a hard to beat combination." Mindspeed, which was spun off as a separate public company by Conexant earlier this year, designs, develops, and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks. The company's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high- speed routers, switches, access multiplexers, cross-connect systems, and digital loop carrier equipment. About GRIC Communications Inc. GRIC Communications, Inc. is a leading provider of secure enterprise mobility solutions for enterprises and service providers worldwide. GRIC's mission is to enable customers to dramatically reduce the cost, complexity, and risk of mobility, while maximizing the productivity of mobile and remote workers. The GRIC TierOne Network(TM) of more than 300 top-tier service providers is the world's largest access network and features more than 35,000 wired and wireless access points in over 150 countries. GRIC is the world's leading and most experienced provider of secure mobile broadband services. The GRIC TierOne Network includes nearly 2,500 Wi-Fi and broadband access points in hotels, convention centers, and airports worldwide. The award-winning GRIC MobileOffice enables enterprises to improve their control over and support for mobile professionals, while returning significant cost savings, minimizing risk, and improving productivity. GRIC MobileOffice features an easy-to-use, intuitive interface that maximizes productivity by enabling end users to securely, rapidly, and conveniently access their corporate information and applications from virtually anywhere. More information about GRIC is available at http://www.GRIC.com, or in North America at 1-877-GET-GRIC. This news release may include "forward-looking" statements, including projections about the business of GRIC Communications, Inc., within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense are forward-looking statements. These forward-looking statements are based on information available to us at the time of the release and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors, including the following: the possibility that the acquisition of Axcelerant will not be completed, unforeseen issues as Mindspeed implements GRIC MobileOffice, and the emergence of competing secure access technologies, protocols and delivery platforms. These and other risks and uncertainties associated with our business are detailed in our most recent reports on Form 10-K and Form 10-Q on file with the SEC and available through http://www.sec.gov. NOTE: GRIC, GRIC TierOne Network, GRIC Secure Access, GRIC Managed VPN, GRIC MobileOffice and the GRIC logo are trademarks of GRIC Communications, Inc. All other trademarks mentioned in this document are the property of their respective owners. SOURCE GRIC Communications, Inc. Web Site: http://www.gric.com |