RSA buys Cyota

Vikingod · Dec 6, 2005, 02:48 PM

RSA Security announced Monday that it will acquire Cyota, a vendor of online security products, for $145 million.

RSA said in a statement that the transaction, which is expected to close within 30 days, will add a greater variety of security techniques to its arsenal.

The purchase is expected to add $22 million to $25 million in annual revenue, RSA said.

"Today, RSA Security is the leader in protecting online identities and digital assets. Through our combination with Cyota, RSA Security will become the leader in the protection of consumer identities and remote transactions," said Art Coviello, RSA president and chief executive officer.

"Our customers will benefit from enhanced flexibility, and consumers will also be able to enjoy – through their account providers – access to strong authentication and transaction protection solutions that fit their lifestyles and security needs."
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Read More / Source: SC Magazine

Dec 6, 2005, 02:48 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	RSA buys Cyota RSA Security announced Monday that it will acquire Cyota, a vendor of online security products, for $145 million. RSA said in a statement that the transaction, which is expected to close within 30 days, will add a greater variety of security techniques to its arsenal. The purchase is expected to add $22 million to $25 million in annual revenue, RSA said. "Today, RSA Security is the leader in protecting online identities and digital assets. Through our combination with Cyota, RSA Security will become the leader in the protection of consumer identities and remote transactions," said Art Coviello, RSA president and chief executive officer. "Our customers will benefit from enhanced flexibility, and consumers will also be able to enjoy – through their account providers – access to strong authentication and transaction protection solutions that fit their lifestyles and security needs." __________ Read More / Source: SC Magazine