Security Dynamics Technologies Inc is shopping for technology or acquisitions in the smartcard, and digital certification field. The Bedford, Massachusetts company has $500m to spend which is composed half of cash and half of stocks in VeriSign, the US digital certificate company. Scott Schnell, Security Dynamics’ senior vice president of marketing said technology supporting digital certificate issuance and management for email systems was high on the company’s shopping-list. Smartcard and biometric technologies are also areas that it is watching closely, he said.
Schnell said SD is also looking at Europe as a potential growth driver. Europe already accounts for 30% of the firm’s business, and is the fastest growing large geography and represents the best growth opportunity for the corporation he said. The bulk of the company’s revenue derives from the US, Canada, Latin and South America (62%), with the remaining 8% made up by Japan and the Asia-Pacific area.
