Key Surety Inc.: Difference between revisions

Revision as of 22:59, 1 September 2005

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

Perplex City Sentinel
- article, 21.03.05, "Centrifuge Buys KSI" (link)
- article, 28.03.05, "Djinn Jr. Reported" (link)
- article, 01-SEP-05 "KSI Lands PCL18M Contract with City" (link)

@@ Line 19: / Line 19: @@
 **article, 21.03.05, "[[Centrifuge]] Buys [[KSI]]" ([http://wiki.incognitus.net/mirror/ppc/www.perplexcitysentinel.com/21.03.05/archives/2005/03/centrifuge_buys.html link])
 **article, 28.03.05, "[[Djinn]] Jr. Reported" ([http://wiki.incognitus.net/mirror/ppc/www.perplexcitysentinel.com/28.03.05/archives/2005/03/djinn_jr_report.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])