Baltimore Technologies

Baltimore Technologies

Infobox_Company
company_name = Baltimore Technologies, Plc
company_
company_type = Public
company_slogan = N/A
foundation = Dublin, Ireland (1976)
location = Dublin, Ireland
num_employees = 12 (2006)
products = Cryptographic toolkits
Public Key Infrastructure solutions
Secure email/web/e-commerce products

Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. In December 1998 the company merged with Zergo Limited, a UK company listed on the London Exchange. Post-acquisition, Zergo changed its name to Baltimore Technologies and Rooney was appointed CEO of the merged company. Under Rooney's leadership Baltimore expanded rapidly, both through organic growth and by a series of high-profile acquisitions. In 1999 the company was listed on NASDAQ and the share price soared in value during the internet boom as its digital certificate business was seen as a vital tool to enable e-Commerce. The Company showed considerable growth in both sales and market capitalization, becoming a FTSE 100 firm with a market capitalization of over US$13 billion. However, following the Stockmarket Crash of March 2000, its share price fell. Rooney later resigned as CEO in July 2001 [http://www.electricnews.net/news.html?code=1752818] [http://archives.tcm.ie/businesspost/2001/07/15/story578450928.asp] .

After Fran Rooney's departure subsequent management teams sold off the different business units that had been developed over the years in a series of demergers and by December 2003, following the sale of the PKI business to Betrusted, the company had shed all operating businesses. In March 2004 the board announced its intention to move into the clean energy space, starting with an acquisition, though no acquisition target was ever publicly identified. The plan was abandoned in June 2004 and the company was acquired by Acquisitor Holdings of Bermuda in July 2004 following some acrimony between Acquisitor and Baltimore management. In February 2005 Acquisitor delisted Baltimore from the FTSE.

The company listed on the UK Alternative Investment Market at the end of February 2006 under the symbol BLM. In May 2006, the company released an [http://www.baltimoreplc.com/press/2004/AGM%20statement%2031%20May%202006.pdf AGM Statement (PDF)] which describes the company's strategy as "becoming a financial services business concentrating on those specialist areas of the market where we have the skills and track record to obtain an operational multiple on the valuation of our shares." The statement lists companies that Baltimore Technologies has bought and sold, implying a strategy of investing in undervalued small companies.

Sarah Flannery won the European Young Scientist of the Year award for her presentation of the Cayley-Purser algorithm, which was based on work she performed with Baltimore researchers during a short internship with the company. The algorithm is named after Michael Purser.

Fran Rooney was the subject of an RTE documentary in the Raging Bulls series, first broadcast on October 17, 2006.

ee also

Fran Rooney

*List of Irish companies

External links

* [http://www.acquisitorholdings.com Current official website]
* [http://www.electricnews.net/news.html?code=1752818 Electric News.Net]

* [http://archives.tcm.ie/businesspost/2001/07/15/story578450928.asp Sunday Business Post] "Bidding War Begins for Baltimore" (July 2001)


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Baltimore (disambiguation) — Baltimore can refer to:PlacesUnited States*Baltimore Hundred, an unincorporated subdivision of Sussex County, Delaware; see List of Delaware Hundreds. * Baltimore, Indiana, a now extinct 19th century town * The city of Baltimore, Maryland *… …   Wikipedia

  • Baltimore Polytechnic Institute — Infobox Education in the United States name= Baltimore Polytechnic Institute imagesize= 140px motto= motto translation= streetaddress= 1400 W Cold Spring Lane city= Baltimore state= Maryland district= Baltimore City Public School System zipcode=… …   Wikipedia

  • University of Maryland, Baltimore — University of Maryland Established 1807 Type Public President Dr. Jay A. Perman, MD Academic staff 2,321 (many part time) …   Wikipedia

  • Greater Baltimore Medical Center — Infobox Hospital Name = Greater Baltimore Medical Center Org/Group = GBMC Healthcare Caption = HealthCare = Community Hospital Type = Private, not for profit Location = 6701 North Charles St. Towson State = Maryland Country = United States Beds …   Wikipedia

  • University of Maryland, Baltimore County — Infobox University name = University of Maryland, Baltimore County motto = An Honors University in Maryland established = 1966 type = Public calendar = 4 1 4 president = Freeman A. Hrabowski III address = 1000 Hilltop Circle Baltimore, MD 21250… …   Wikipedia

  • Rainbow Technologies — was an encryption and information security company based in Orange County, California, that was acquired by SafeNet, Inc. in 2003. [ [http://www.bizjournals.com/baltimore/stories/2003/10/20/daily33.html Baltimore Business Journal] ] Through its… …   Wikipedia

  • Miles Technologies — Infobox Company company name = Miles Technologies, Inc. company company type = Privately Held Corporation foundation = flagicon|USAMoorestown, New Jersey (1997) location city = Moorestown, New Jersey location country = USA industry = Information… …   Wikipedia

  • Mid-InfraRed Technologies for Health and the Environment — (MIRTHE) is an Engineering Research Center (ERC) funded by the National Science Foundation. It was launched on May 1, 2006 as part of NSF s larger program of ERCs. Largely based at Princeton University and Rice University, initial funding of the… …   Wikipedia

  • BBN Technologies — (originally Bolt Beranek and Newman) is a high technology company which provides research and development services. BBN is based next to Fresh Pond in Cambridge, Massachusetts, USA. It is perhaps best known for its work in the development of… …   Wikipedia

  • BALT — Baltimore Technologies (Business » NASDAQ Symbols) …   Abbreviations dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”