Ingate named by Tornado Insider among Europe's top 100 private tech companies

Best-performing companies of 2004

STOCKHOLM, January 26 - Ingate® Systems www.ingate.com, whose award-winning security products enable enterprises to solve the problem of letting Session Initiation Protocol (SIP) traverse their firewalls, has been selected as one of the best-performing and innovative high-tech private companies of Europe and Israel in the fourth-annual Tornado100 list.

Ingate produces and sells the world's only fully SIP-capable enterprise firewalls and the Ingate SIParator®, which connects to existing network firewalls to seamlessly enable SIP traversal. The company's products also include optional software modules for VoIP survival in hosted SIP-based IP Centrex environments, far-end NAT traversal solutions for remote VoIP and Quality of Service.

"We are honored to be named to the Tornado100 list," said Olle Westerberg, Chief Executive Officer, Ingate Systems. "Ingate's market leadership throughout the world has truly flourished in the past year. We look forward to continued success, and are delighted to have our efforts recognized with such a prestigious award."

The selection of the 2004 Tornado100 winners from thousands of candidates was judged according to the following criteria:

• Delivering an innovation that shows promise to set new standards
• Creating a major new audience
• Supplying a key piece of the ICT infrastructure
• Commanding a significant customer base
• Having the potential to become a global brand or standard
• Influencing a major market
• Receiving a significant amount of funding
• Having a strong valuation for a lucrative exit
• Having management with previous successful exit experience

"The companies Tornado Insider selected are Europe's technology stars," said Niels Valkering, Tornado Insider's Head of Research. "Combining internal analysis with advice from industry specialists, we identified the elite of Europe's high-tech entrepreneurial vanguard, appreciating excellence both in innovative, commercial and financial performance. Watch these companies in 2005, as the technology they are commercializing today will change tomorrow's trends."

This list was announced during the Tornado Insider/World Financial Symposiums T100 Leadership Forum. This event took place January 26, 2005 in London and was a gathering of technology CEOs and CFOs eager to gain insights on how to lead their enterprise and get their careers to more effective and positive outcomes.

The 2004 Tornado100 list can be found on the Website of Tornado Insider www.tornado-insider.com and includes a profile of Ingate Systems and the other 99 most promising and innovative emerging companies in the European IT and biotech sectors.

About Ingate® Systems

A world leader in next generation firewall technology, Ingate® Systems produces and sells the world.s only fully SIP-capable enterprise firewalls and the Ingate SIParator®, a device that connects to an existing network firewall to seamlessly enable the traversal of SIP communications and winner of Internet Telephony magazine.s Product of the Year Award in 2002 and again in 2003. Ingate Firewalls solve the NAT traversal issues inherent in using SIP, and address the growing need for SIP-capable firewalls among enterprise users. Ingate Systems has a long history of developing secure communications technology and today offers enterprises unprecedented value and ability to develop SIP-based, person-to-person real-time communications. Ingate's security products currently protect the networks of retail companies, financial institutions, industrial firms, government agencies and small-to-large enterprises throughout Europe, Asia and North America. Ingate's principal shareholders are Intertex Data AB and Bell Net Corp. Ingate Systems AB is located in Stockholm and Linköping, Sweden. Its wholly-owned subsidiary, Ingate Systems Inc., is located in Hollis, New Hampshire. For more information on Ingate Systems, visit www.ingate.com.

For more information, please contact:

Johan Terve, Vice President, Marketing & Sales, Ingate Systems AB
+46-70 202 53 00
johan@ingate.com

Hillary Call, Public Relations Manager, Ingate Systems
(917) 414-9262
hillary@ingate.com