Key Surety Inc.: Difference between revisions

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==References==
==References==
*Perplex City Sentinel
*Perplex City Sentinel
**article, 21-MAR-05 "[[Centrifuge]] Buys [[KSI]]" ([http://www.perplexcitysentinel.com/archives/2005/03/centrifuge_buys.html link])
**article, 21-MAR-05 "[[Centrifuge]] Buys [[KSI]]" {{WaybackS1|www.perplexcitysentinel.com/archives/2005/03/centrifuge_buys.html}}
**article, 28-MAR-05 "[[Djinn]] Jr. Reported" ([http://www.perplexcitysentinel.com/archives/2005/03/djinn_jr_report.html link])
**article, 28-MAR-05 "[[Djinn]] Jr. Reported" {{WaybackS1|www.perplexcitysentinel.com/archives/2005/03/djinn_jr_report.html}}
**article, 25-MAY-05 "Next-Gen Keys Susceptible to [[Djinn]]" ([http://www.perplexcitysentinel.com/archives/2005/05/nextgen_keys_su.html link])
**article, 25-MAY-05 "Next-Gen Keys Susceptible to [[Djinn]]" {{WaybackS1|www.perplexcitysentinel.com/archives/2005/05/nextgen_keys_su.html}}
**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]]" {{WaybackS1|www.perplexcitysentinel.com/archives/2005/09/ksi_lands_pcl_1_1.html}}

Latest revision as of 23:18, 11 May 2007

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.



Employees


References

  • Perplex City Sentinel