PGP Corporation Named a “Red Herring 100 North America” Finalist

Annual Award Recognizes Most Promising Technology Innovation

Palo Alto, CA/06 April, 2006 – PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced that it has been named one of the 200 finalists for the annual "Red Herring 100 North America" list. More than 1,000 privately held technology companies submitted entries for this year"s edition of the prestigious award, testifying to the invigorated entrepreneurial strength of the technology ecosystem.

The “Red Herring 100 North America” award is part of Red Herring"s tradition of recognizing new and innovative technology firms and their entrepreneurial founders. PGP Corporation and the other finalists were selected based on evaluation of quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, and ability to execute strategies.

"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to chose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring. “It was difficult to select the 200 finalists, and we are very happy with the stellar quality of the companies on this short list."

Representing PGP Corporation, CEO Phillip Dunkelberger will join the invitation-only Red Herring Spring 2006 CEO summit, May 23-25, in Monterey, California. Convened for the CEOs and founders of the Red Herring 100 winners and finalists, this year"s summit will focus on the theme, “The Pursuit of Disruption.”

PGP Corporation's Continued Success
Since PGP Corporation was formed in June 2002, the company has achieved four consecutive years of year-over-year growth in customer orders, and for the past three years, PGP orders have grown more than 40 percent annually. The company was recently recognized as the leading vendor in email and data security software by TheInfoPro, an independent research network founded by former Gartner analysts that supplies market intelligence to the information technology industry.

In 2005, the company introduced the integrated PGP® Encryption Platform to provide centralized policy and key management for the broadest suite of enterprise encryption solutions available on the market today. The PGP Encryption Platform currently provisions 10 encryption solutions, including PGP® Whole Disk Encryption, which protects every aspect of data stored on laptops and desktops, and the PGP® Support Package for BlackBerry®, which enables RIM BlackBerry® users to deploy secure PGP email encryption on the wireless handheld device. Also in 2005, the company expanded its global presence, opening German and Japanese subsidiaries, PGP Deutschland AG and PGP Japan K.K., and providing localized versions of its award-winning encryption solutions to meet the specialized needs of these markets.

About Red Herring
Red Herring is a sophisticated insider"s guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today"s fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.

About PGP Corporation
The global customer standard for encryption and digital-signature solutions, PGP Corporation develops, markets, and supports an integrated data security suite used by more than 30,000 enterprises, businesses, and governments worldwide, including 84% of the Fortune® 100, 66% of the Fortune® Global 100, and thousands of individuals and cryptography experts. Customers depend on PGP solutions for regulatory and audit compliance, to protect confidential company information, to secure customer data, and to keep identity information private.

During the past 10 years, PGP® technology has earned a global reputation for innovative, standards-based, trusted solutions. The flexible PGP suite allows customers to phase-in gateway, partner, mobile or internal email security; data storage protection for laptops, desktops, and removable media; IM encryption; and FTP/batch transfer security using a single key management and recovery infrastructure. PGP Corporation is the only commercial security vendor to publish source code for peer review. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

Media & analyst contact for PGP Corporation:
John Tran
Neale-May & Partners
+1 650 328 5555 ext. 277
jtran@nealemay.com

Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in platform support or additional functionality are subject to change at solely PGP Corporation's discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.