Forwarded From: darek milewski <darekm@cmeasures.com>
http://www.news.com/News/Item/0,4,30469,00.html
Kroll-O'Gara acquires Securify
By Reuters
Special to CNET News.com
January 4, 1999, 9:10 a.m. PT
Security provider Kroll-O'Gara, in a move to enter the Internet and
e-commerce security market, said today it has acquired privately held
Securify in exchange for about 1.4 million K-O common shares.
Mountain View, California-based Securify provides security services in the
areas of e-commerce and business and government computer networks. The
acquisition follows K-O's late October statement that it planned to move
into the computer and information markets.
Fairfield, Ohio-based K-O provides a broad range of specialized products
and services designed to supply solutions to a variety of security needs,
including training to deal with white-collar crimes and commercial and
military armored vehicles. K-O now has roughly 18 million shares
outstanding.
In a statement, K-O said 200,000 of its shares have been reserved for
issuance upon exercise of vested Securify stock options. The merger is
being accounted for as a pooling of interests, it said.
Securify's founding investors include James Barksdale, chief executive
officer of Netscape Communications; Eric Benhamou, chief executive officer
of 3Com; James Bidzos, chief executive officer of RSA Data Security, and
Marc Benioff, senior vice president of Oracle. Venture capital funding was
provided by Mohr Davidow Ventures and U.S. Venture Partners.
-o-
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Received on Mon Jan 4 21:16:21 1999