By editorial@silicon.com, 31 July 2001 16:58
NEWS RSA security is to buy Securant Technologies, developers of ClearTrust authorisation solution, for $136.5m in cash. The deal is part of RSA's plan to enable secure e-business and expects the transaction to add $35 to $40m to its revenue by 2002. Mark Reeves, VP of RSA Europe, the Middle East and Asia, said the company made its move after seeing a gap in their product range and on "the realisation that authorisation is a dynamic area of the market." He added, the deal will extend what RSA can bring to their customer base. Jose Lopez, analyst at Frost and Sulivan, said: "Securant has been suffering from financial problems and RSA needed an authorisation product to raise it alongside the top businesses in the market." Eleanor Pinkerton
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