[Clips] RSA buys Cyota for $145 million

[R. A. Hettinga]

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 Date: Mon, 5 Dec 2005 14:38:43 -0500
 To: Philodox Clips List <clips at philodox.com>
 From: "R. A. Hettinga" <rah at shipwright.com>
 Subject: [Clips] RSA buys Cyota for $145 million
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 <http://www.infoworld.com/article/05/12/05/HNrsacyota_1.html?source=NLC-SEC2005-12-05>

 InfoWorld

 RSA buys Cyota for $145 million
 Acquisition gives RSA broader range of authentication techniques
  By Nancy Gohring, IDG News Service
 December 05, 2005
  Print this


 RSA Security (Profile, Products, Articles) on Monday said it plans to buy
 Cyota, the provider of online security and antifraud products, for $145
 million.

 The acquisition will allow RSA to offer customers a broader range of
 authentication techniques. RSA hopes to offer a risk-based  authentication
 approach, allowing customers to choose an authentication method to meet the
 specific risks they face. Customers  will be able to choose from a
 portfolio that includes watermarking, digital certificates, tokens, and
 smart cards.

 In addition to the authentication offerings, RSA also plans to offer
 Cyota's services such as its antifraud service, which  includes fraudulent
 site shut-down, detection of phishing attacks as well as a
 transaction-protection service that authenticates  credit card users and
 identifies fraudulent activity in accounts.

 RSA expects the acquisition will add as much as $25 million in revenue in
2006.

 The price for the privately held company includes $136 million in cash for
 Cyota stock, $5.5 million in cash to fund a three-year  retention pool and
 $3.5 million for outstanding Cyota stock options. The deal is expected to
 close within 30 days.

 --
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 R. A. Hettinga <mailto: rah at ibuc.com>
 The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
 44 Farquhar Street, Boston, MA 02131 USA
 "... however it may deserve respect for its usefulness and antiquity,
 [predicting the end of the world] has not been found agreeable to
 experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
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-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'

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