Key Surety Inc.

General

• High-end competitor of Centrifuge Inc.
• Recently purchased by Centrifuge for PCL2.3 billion in cash and stock.
• Has a strong reputation for innovation and reliability in an increasingly important marketplace.
• 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.
• Security experts recently reported finding several Keys around the city infected with a worm tentatively titled "Son of Djinn" and offered free scans to isolate the virus

Employees

• Sarai Khurasani, security analyst

References

• Perplex City Sentinel
  • article, 21.03.05, "Centrifuge Buys KSI" (link)
  • article, 28.03.05, "Djinn Jr. Reported" (link)