CygnaCom Solutions Honored as Industry Partner Helping to Save Over $1 Million
McLean, VA - March 29, 1999 - As an industry partner with the U.S. GSA FTS2001 team, CygnaCom Solutions was recognized with Vice President Gore's Hammer Award for the FTS2001 electronic bid process.
Using digital signature capability, the team successfully implemented a paperless solution for vendors to submit complex proposals electronically. "Through your partnerships, you have helped prepare us for paperless transactions and electronic bidding," said GSA Administrator David J. Barram. "It was a small step for technology, but a really big step for procurement. You have helped pave the way for our future."
Estimates show that the savings to the government, for processing the proposals, were approximately $1.5 million and 52,000 staff hours. This project is the first to show a secure Federal transaction using new-age approaches while adhering to Federal guidelines for identification and registration.
Using the Federal Paperless Transactions for the Public pilot project, FTS digitally signed the FTS2001 request for proposals and posted it on their website along with a downloadable application to check signature validity and document integrity. Subsequently, the same project provided a means for vendors to propose electronically on the FTS2001 contract by signing the proposal using digital signatures. The contract award was also conducted in a paperless environment using the same digital signature capability.
Additional Information
About CygnaCom Solutions
CygnaCom Solutions is a high technology firm that delivers state-of-the-art information technology products and services. CygnaCom Solutions has expertise in PKI, cryptographic technologies, security engineering, systems integration and development, the FIPS 140-1 Standard, the Trusted Computer Systems Evaluation Criteria (TCSEC) and the Common Criteria (CC). CygnaCom Solutions delivers a full spectrum of consultant, engineering and integration services to enable customers to implement enterprise integrated security solutions. Learn more about CygnaCom Solutions by connecting to its home page at http://www.entrust.com/
For more information about this press release please contact us.