Press Release: PGP Corporation and Avnet to Deliver Data Protection Solutions

Relationship Expands PGP Corporation’s Market Reach for Security Solutions Focused on Data at Rest, Data in Use and Data in Motion

Menlo Park, CA and Tempe, AZ / 7 April 2009 – PGP Corporation, a leader in enterprise data protection, announced today it has signed a distribution agreement with Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE: AVT). Under the agreement, technology solutions distributor Avnet will distribute the PGP® Encryption Platform and Solutions to value-added resellers (VARs) in the United States and Canada. Together, PGP Corporation and Avnet will provide industry-specific security solutions and services that address the growing customer demand to holistically protect their core asset: data.

“Significant growth opportunities exist for solution providers with expertise in data protection and data security across multiple, untapped market segments,” said Gavin Miller, vice president and general manager of Technology Infrastructure Solutions at Avnet Technology Solutions, Americas. “The PGP Corporation technology coupled with Avnet’s value-added solutions, services and market enablement programs will give our partners a competitive advantage and help them provide comprehensive technology solutions.”

Avnet will incorporate the award-winning PGP Corporation data protection product portfolio across its key lines of business, enabling partners to offer more comprehensive multi-vendor technology solutions based on Avnet’s portfolio of complementary solutions from market-leading storage and high-end server vendors. Additionally, partners will be able to capitalize on Avnet’s enablement programs to gain expertise in high-growth markets, such as security, government and healthcare.

"The increasing number of data breaches resulting from stolen or lost mobile devices confirms the critical need for large and small businesses to strengthen their data protection capabilities via encryption," said Christina Richmond, research manager in the Infrastructure Channels and Alliances Research Team at IDC. "This positive agreement utilizes Avnet’s deep relationships in the channel to distribute PGP Corporation’s data protection solutions to a set of channel partners previously untapped for PGP Corporation in the United States. Given the current economic climate, the channel needs new offerings to provide customers with cost savings and flexibility to protect critical data assets and fulfill business needs. The inking of this relationship will give the channel just that and should benefit both PGP Corporation and Avnet.”

PGP Corporation is the only data protection vendor in the market that provides an end-to-end encryption platform that secures data from the endpoint all the way to the mainframe. The PGP Encryption Platform provides the ability to centrally manage and automate data security policies by application, as well as location — no matter where the data resides. PGP® solutions enable SMBs and large enterprises to safeguard their business and personal data, as well as comply with industry and regulatory compliance mandates.

“Our relationship with Avnet is a key pillar in the execution of PGP Corporation’s new channel strategy and initiatives,” said Lee Finck, senior director of worldwide channels at PGP Corporation. “With Avnet, we will expand our data protection market footprint in the United States and Canada. We will raise the bar on providing value-added data security solutions that will enable partners to capitalize on the increase in IT security spending and obtain a viable path to business growth even during an economic downturn.”

For more information about PGP Corporation’s expanded channel strategy, please see today’s related news release, “PGP Corporation Unveils New Encryption Solution to Protect Sensitive Data for Small Businesses and Workgroup Environments.”

About Avnet Technology Solutions
Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. For fiscal year 2008, the group served customers in more than 30 countries and generated US $7.6 billion in annual revenue. The group's Web site is www.ats.avnet.com.

About Avnet
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion. For more information, visit www.avnet.com.

About PGP Corporation
PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.

PGP® solutions are used by more than 100,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com.

Media & Analyst Contacts for PGP Corporation:

North America
Lauren Ames
PGP Corporation
+1 650 543 3678
lames@pgp.com

Tom Rice
Merritt Group
+1 703 856 2218
rice@merrittgrp.com

United Kingdom
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0) 20 7401 7968
pgpteam@johnsonking.co.uk

Germany
Ingrid Daschner
Johnson King
+49 (0) 89 8940 8511
ingridd@johnsonking.de

Media & Analyst Contacts for Avnet:
Marcia Chapman
Brodeur Partners, for Avnet
+ 1 602-224-4047
mchapman@brodeur.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 PGP Corporation’s sole 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, regulatory, 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.