Contact Information: Contact: University Bank Stephen Lange Ranzini President and CEO Phone: 734-741-5858, Ext. 226 Email: Promia - San Francisco Pamela Boles Phone: 415.536.1600 Email:
University Bank Buys New Promia Raven Appliances
| Source: University Bancorp
ANN ARBOR, MI--(Marketwire - December 3, 2007) - University Bank (NASDAQ : UNIB ) today
announced that it has tested, purchased and taken delivery of new Promia
Raven model 1100 products from Promia, Inc., a developer of Security and
Asset Monitoring products. The Promia Raven units are now deployed to
protect University Bank's IT networks and University Bank's Mercury Message
global secure instant messaging network (www.mercurymessage.net).
Coordinated with this deployment has been onsite training of University
Bank technical personnel for the use and operation of this new product.
Promia Raven 1100 is a hardened appliance that provides accurate and
consistent detection, validation, and blocking response to internally and
externally generated network and host computer intrusions. The devices
connect together in a global grid allowing analysts real-time and forensic
views of network activity in all sites. This allows active defense and
protection of IT networks against hostile attacks such as denial of service
or other hacking attempts. Promia Ravens identify the newest emerging
threats and often protect IT assets against advanced attacks that are
unseen by other leading cyber security devices.
Promia Raven also enables comprehensive asset monitoring and management
with the ability to detect and report on devices, computers or applications
that are not operating as expected. For example, the Promia Raven can
predict hard drive failure in advance. The Asset Viewer 3-D tool allows
operators to "fly" through the inside of the network viewing aspects of all
connected assets, warping from University Bank facility to University Bank
facility through router connections. This allows review and diagnosis of
entire networks.
New Promia Raven devices are more powerful, smaller, less expensive,
lighter, use less power and generate less heat than the previous award
winning generation of Promia products. They handle larger loads, have more
features, are faster and are easier to use. They do a better job in
delivering accurate information without overwhelming operators or analysts
than ever before. The 3-D Graphical User Interfaces are easier to
understand and provide more information than previous versions.
Promia's President and CEO, John Mullen, stated, "We are proud of our
record protecting the U.S. Navy's networks from network intrusion and the
various forms of IP attacks. The deployment of Promia Ravens at University
Bank's two data centers is our first commercial deployment outside the
defense world of our industry leading products."
University Bank's President & Chairman, Stephen Lange Ranzini, who
represents the U.S. Financial Services industry on the board of the U.S.
standards setting body ASC-X9 and as an observer at the ISO TC68 global
standards setting body, stated, "Promia's state of the art system has wide
applicability to protect the IT assets of the financial services industry.
We are proud to have been selected as the site of the first commercial
deployment of this exciting and cost effective technology."
University Bank's CEO, Nicholas Fortson, who led the implementation team
for the bank, noted that, "Just in the first day that the Promia system has
been live, it has detected unsuccessful malicious attempts to penetrate our
IT networks originating from North Korea, China and Oman."
About Promia, Incorporated
Promia, Incorporated is a leading developer and supplier of security tools,
based on open standard components with advanced analytic capabilities, to
the Fortune 1000 companies and government markets. Its products are used in
environments requiring high security, reliability, performance, and
scalability. Promia's core competencies include expertise in a wide range
of languages, databases, security systems, communications protocols,
hardware devices, artificial intelligence techniques as well as legacy
integration and distributed data networks. Since the early 1990s, Promia
has been in the forefront of developing secure software infrastructure
solutions based on object-oriented technology and open standards for
organizations worldwide. Headquartered in San Francisco, Promia has
additional offices in Princeton, UC Davis, and Linthicum, Maryland.
About University Bank
Ann Arbor-based University Bancorp owns 100% of University Bank which
services a total of over $4 billion in loans. University Bank is an
FDIC-insured, locally owned and managed community bank, and is the only
financial institution headquartered in Washtenaw County rated "Outstanding"
by the FDIC for Community Service and Community Reinvestment. University
Bank focuses on local businesses, minorities and the non-profit communities
primarily serving the cities of Ann Arbor and Ypsilanti of Washtenaw
County. Other University Bank specialties include highly competitive
deposit products for business owners, residential mortgages, commercial
real estate lending and insurance, investments and money management through
its wholly owned subsidiary University Insurance & Investments, Inc.
University Bank also engages in Islamic Banking through 80%-owned
University Islamic Financial Corporation, the first and only Islamic
Banking subsidiary in the U.S., and offers the only FDIC-insured Islamic
deposits at a U.S. bank. University Islamic Financial offers home
financings, deposits (offered through University Bank) and Islamic equity
mutual funds (offered through University Insurance & Investments).
University Bank also specializes in mortgage subservicing and mortgage
origination primarily serving over 240 credit unions (representing 2.5% of
all credit unions nationwide) through its Houghton-based 80%-owned
subsidiary, Midwest Loan Services, Inc.