Print
Email
Print Edition Stories
Tuesday, July 15, 2008
NitroSecurity buys info security company RippleTech
By Mass High Tech Staff
Network security company NitroSecurity Inc. reports that it has acquired Pennsylvania-based software maker RippleTech Inc.
The acquisition comes two months after Portsmouth, N.H.-based NitroSecurity withdrew its registration for an initial public offering.
Financial terms of the deal were not disclosed.
RippleTech, founded in 1998, develops unified information security solutions. Based in Conshohocken, Penn., the company employs 18 workers, who will all join NitroSecurity.
NitroSecurity, founded as D.G.H. Ltd. in 1994, now employs 70 workers, including the RippleTech employees. In May, company officials withdrew plans for an IPO, nine months after registering with the U.S. Securities and Exchange Commission. NitroSecurity has raised about $20 million in venture capital to date.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
