Key Surety Inc.: Difference between revisions
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==General== | |||
*Designer and manufacturer of [[Keys]]. | |||
*Has a strong reputation for innovation and reliability in an increasingly important marketplace. | |||
*High-end competitor of [[Centrifuge]] Inc. | *High-end competitor of [[Centrifuge]] Inc. | ||
* | *In March 2005, was purchased by [[Centrifuge]] for [[PCL]]2.3 billion in cash and stock. | ||
*Key Surety had been significantly weakened by a decades-long court battle over interoperability standards | *Key Surety had been significantly weakened by a decades-long court battle over interoperability standards | ||
*It had desperately needed an infusion of fresh capital to stay solvent. ([[Centrifuge]] CEO [[Halima Bourne]] said, "It came down to this: they really needed our money, and we really needed their R&D team.") | *It had desperately needed an infusion of fresh capital to stay solvent. ([[Centrifuge]] CEO [[Halima Bourne]] said, "It came down to this: they really needed our money, and we really needed their R&D team.") | ||
| Line 8: | Line 11: | ||
*After that transition period, senior management from both companies will go to the table to find the best way to integrate. | *After that transition period, senior management from both companies will go to the table to find the best way to integrate. | ||
*No significant job cuts are expected until close to that anniversary mark. | *No significant job cuts are expected until close to that anniversary mark. | ||
* | |||
*In late August 2005, KSI was awarded a contract with [[Perplex City]], for PCL 18M, to revisit and revamp all existing securities systems. | |||
*See also: '''[[Djinn]]''' for more information on keys, and how [[Key Surety Inc.]] and [[Centrifuge]] are dealing with the threat. | |||
==Employees== | |||
*[[Sarai Khurasani]], security analyst | *[[Sarai Khurasani]], security analyst | ||
*[[Howard Angleburn]], spokesman | |||
==References== | |||
*Perplex City Sentinel | *Perplex City Sentinel | ||
**article, 21 | **article, 21-MAR-05 "[[Centrifuge]] Buys [[KSI]]" ([http://www.perplexcitysentinel.com/archives/2005/03/centrifuge_buys.html link]) | ||
**article, 28 | **article, 28-MAR-05 "[[Djinn]] Jr. Reported" ([http://www.perplexcitysentinel.com/archives/2005/03/djinn_jr_report.html link]) | ||
**article, 25-MAY-05 "Next-Gen Keys Susceptible to [[Djinn]]" ([http://www.perplexcitysentinel.com/archives/2005/05/nextgen_keys_su.html link]) | |||
**article, 01-SEP-05 "[[Key Surety Inc.|KSI]] Lands PCL18M Contract with [[Perplex City|City]]" ([http://www.perplexcitysentinel.com/archives/2005/09/ksi_lands_pcl_1_1.html link]) | **article, 01-SEP-05 "[[Key Surety Inc.|KSI]] Lands PCL18M Contract with [[Perplex City|City]]" ([http://www.perplexcitysentinel.com/archives/2005/09/ksi_lands_pcl_1_1.html link]) | ||
Revision as of 23:23, 1 September 2005
General
- Designer and manufacturer of Keys.
- Has a strong reputation for innovation and reliability in an increasingly important marketplace.
- High-end competitor of Centrifuge Inc.
- In March 2005, was purchased by Centrifuge for PCL2.3 billion in cash and stock.
- Key Surety had been significantly weakened by a decades-long court battle over interoperability standards
- It had desperately needed an infusion of fresh capital to stay solvent. (Centrifuge CEO Halima Bourne said, "It came down to this: they really needed our money, and we really needed their R&D team.")
- Under the terms of the agreement, Key Surety will remain as an independent but wholly-owned subsidiary of Centrifuge for one year.
- After that transition period, senior management from both companies will go to the table to find the best way to integrate.
- No significant job cuts are expected until close to that anniversary mark.
- In late August 2005, KSI was awarded a contract with Perplex City, for PCL 18M, to revisit and revamp all existing securities systems.
- See also: Djinn for more information on keys, and how Key Surety Inc. and Centrifuge are dealing with the threat.
Employees
- Sarai Khurasani, security analyst
- Howard Angleburn, spokesman
