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AMT
News
September
5, 2001
Press Release
RSA
Security Completes Acquisition of Securant
Technologies
BEDFORD, Mass., Sept. 5, 2001 - RSA Security
(Nasdaq: RSAS) today announced that it has
completed its previously announced acquisition
of Securant Technologies, Inc., a privately
held company that develops and delivers
the award-winning ClearTrust® authorization
solution. The purchase price for the acquisition
was $134.5 million in cash, plus acquisition
costs. RSA Security will account for this
transaction as a purchase.
As
the company has previously stated, RSA Security
expects this transaction to add approximately
$3 to $4 million to the revenue of its core
operating business in Q3, $5 to $7 million
in Q4, and $35 to $40 million in 2002. The
company expects that in Q3 this transaction
will be dilutive to the earnings of its
core operating business in the range of
$0.01 to $0.03, breakeven to accretive by
up to $0.02 in Q4 of 2001, and accretive
by $0.05 to $0.08 cents in 2002, excluding
goodwill amortization.
"Authorization
plays a critical role in RSA Security's
mission to enable secure e-business by helping
ensure the authenticity of people, devices
and transactions," said Art Coviello, president
and CEO at RSA Security. "Authorization
is an important part of enabling e-commerce,
and a natural complement to RSA Security's
current capabilities. Our RSA SecurID® authentication
solutions help organizations ensure the
identity of users. By adding the ClearTrust
authorization solution, our customers can
control what their users see or do once
they have been authenticated. RSA BSAFE®
encryption software helps ensure the privacy
and integrity of important business information,
and our RSA Keon® PKI solutions help them
ensure the integrity of the transactions
their users have been authorized to conduct."
For
further information please contact:
Steve
Wasserman or the team at AMT Capital at,
email: info@amtcap.com
phone: 1-800-519-0533 or 212-877-1588
website: www.amtcap.com
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