"We are very pleased that both John and Bryta have joined our senior management team," said Ira Zalesin, nCipher's chief marketing officer and chief operating officer of the Americas. "Both are highly proven and well respected executives. We are confident that each will make a significant contribution to our rapid expansion and growth in the Americas and worldwide."

McAughtry brings to nCipher an extensive 30 plus year track record of business leadership including various C-level and VP-level executive positions. Most recently he served as CEO of Silverado Ventures and XML Global Technologies. Previously, he held senior management positions for several technology companies including, FTP Software, Centura/Gupta Software, and Pansophic Systems. He started his career at IBM, where he held various sales and management positions.

"I'm delighted to join this industry leading security and data protection company at such an exciting time," said McAughtry. "The market for nCipher's well respected products and services is clearly expanding and the company is well positioned to grow substantially from its already solid base here in the Americas and indeed globally."

Schulz brings more than 15 years of software and security industry experience to the newly created position of vice president of product marketing. She has held a variety of senior marketing positions with industry leading security and software companies. Most recently, she was senior manager of product marketing for Symantec. She also served in product marketing positions with RSA Security and PGP Corporation, where she managed encryption solutions, including product strategy, positioning, and global go-to-market plans. She began her career as an account manager with Xerox Corporation.

"nCipher's mix of well known encryption based hardware, software, services, storage and key management solutions are unique in the marketplace," said Schulz. "The company has long been a thought leader in this subject matter. As the number of enterprises and institutions concerned with protecting and managing sensitive data continues to rapidly expand, nCipher will be the logical choice for them to turn to for current and next generation solutions."