[ISN] Kroll-O'Gara acquires Securify

From: mea culpa (jerichoat_private)
Date: Mon Jan 04 1999 - 12:41:35 PST

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    Kroll-O'Gara acquires Securify
    By Reuters
    Special to CNET News.com
    January 4, 1999, 9:10 a.m. PT
    Security provider Kroll-O'Gara, in a move to enter the Internet and
    e-commerce security market, said today it has acquired privately held
    Securify in exchange for about 1.4 million K-O common shares. 
    Mountain View, California-based Securify provides security services in the
    areas of e-commerce and business and government computer networks. The
    acquisition follows K-O's late October statement that it planned to move
    into the computer and information markets. 
    Fairfield, Ohio-based K-O provides a broad range of specialized products
    and services designed to supply solutions to a variety of security needs,
    including training to deal with white-collar crimes and commercial and
    military armored vehicles. K-O now has roughly 18 million shares
    In a statement, K-O said 200,000 of its shares have been reserved for
    issuance upon exercise of vested Securify stock options. The merger is
    being accounted for as a pooling of interests, it said. 
    Securify's founding investors include James Barksdale, chief executive
    officer of Netscape Communications; Eric Benhamou, chief executive officer
    of 3Com; James Bidzos, chief executive officer of RSA Data Security, and
    Marc Benioff, senior vice president of Oracle. Venture capital funding was
    provided by Mohr Davidow Ventures and U.S. Venture Partners. 
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