The e-security firm Baltimore has agreed to acquire Content Technologies, developers of content security solutions for £702.5 million ($ 992.0 million).
This acquisition strengthens Baltimore’s position in the e-security market which, according to a recent IDC report, is set to grow annually by 71% and will be worth US$952 million by 2004.
Over 6,000 customers and 6 million users throughout the world use Content Technologies MIMEsweeper to protect against business and network integrity threats. It enables organisations to protect themselves against breaches in confidentiality, e-mail legal liability, junk e-mail, e-mail-borne viruses, and misuse of e-mail and the web.
“Content-based security is increasingly requested by enterprises as part of their business-critical e-security infrastructure. The combination of Baltimore Technologies and Content Technologies is a natural progression to further address our corporate customers’ evolving security requirements,” remarked Fran Rooney, chief executive officer of Baltimore. “We will continue to grow the MIMEsweeper product range in conjunction with our e-security products and services.”
David Guyatt, chief executive officer of Content Technologies, explained, “Joining forces will allow us to accelerate the roll-out of our products by leveraging Baltimore’s infrastructure and proven technology. The combination of our two technologies is a natural fit offering a complementary set of solutions for our customers. Together we secure who and what enters and exits your e-business.”
There is an increasing requirement for broader and more integrated security solutions. In particular, the ability for companies:
• to know with whom they are exchanging information. This encompasses the principals of access control, authentication, confidentiality, integrity and non-repudiation.
• to protect themselves from threats in the information they are exchanging. This includes the ability to govern the use and flow of data and commercial information within, to and from the organisation.
The deal expands Baltimore’s global presence, in particular in North America where Content Technologies realised almost half its sales.
Baltimore develops and markets security products and services to enable companies to develop trusted, secure systems for e-business, the Internet and mobile commerce. Its products include a wide range of Public Key Infrastructure (PKI) products and services, wireless e-security solutions, cryptographic tool-kits, security applications and hardware cryptographic devices. Baltimore markets its solutions worldwide directly and through the TrustedWorld channel program.
The company employs over 800 people and operates from 28 cities, with headquarters in Dublin, Ireland; London, UK; Boston, USA and Sydney, Australia.
Content Technologies is a developer of e-mail and Internet content security and policy management solutions. Over six million users world-wide use its MIMEsweeper, launched in 1995, which was the first product on the market to scan e-mail and attachments for threats. The solutions include MAILsweeper for SMTP, SECRETsweeper, MAILsweeper for Microsoft Exchange, WEBsweeper, MIMEsweeper for Domino and e-Sweeper.
Content Technologies is headquartered in the UK with additional offices across the USA (Seattle, New York, Boston and Washington DC), as well as in France, Germany, Australia and Japan.