RSA Security to Acquire Securant Technologies
RSA Security Inc. announced on Tuesday that it has signed an agreement to acquire Securant Technologies Inc., a privately held company that develops and delivers the ClearTrust authorization solution. The consideration for the acquisition is $136.5 million in cash, plus acquisition costs. RSA Security will account for this transaction using purchase accounting. It is anticipated that the closing will occur in August 2001, subject to customary closing conditions, including obtaining required governmental approvals.
RSA Security expects this transaction to add approximately $3 to $4 million to revenue of its core operating business in Q3, $5 to $7 million in Q4, and $35 to $40 million in 2002.
For more information, visit www.rsasecurity.com.