The UK’s General Electric Co Plc announced Tuesday that it has sunk $15m into a 15% stake in Xcert International a digital certificate software supplier, under its self-proclaimed mission to transform itself into a group focused on communications and technology markets. Walnut Creek, California-based Xcert pitches its e-commerce security products at businesses and government agencies. GEC has an option to take a majority holding in Xcert under the deal, which is barely a mouthful for the highly acqusitive UK company which is thought to still have $1bn in its acquisition ‘war chest’ having already swallowed Forte Systems Inc and Reltec Corp earlier this year.
