Further details about Security Dynamics Inc acquisition of Sweden’s DynaSoft AB have come to light. Security Dynamics paid $115m in stock for access control and sign-on software company. Bedford, Massachusetts-based Security Dynamics issued 2.7 million shares in exchange for 95% of DynaSoft, and an additional $6 million was paid for the remaining shares of investors who wanted to cash in rather than hold Security Dynamics shares. DynaSoft’s key product set is the BoKS Internet-intranet security systems, OEM’d by Sun Microsystems and Hewlett-Packard, and both have incorporated BoKS technology into their own security systems. DynaSoft has a US subsidiary, Securix Inc, based in Sunnyvale, California. Security Dynamics’ ESS strategy aims to provide application-level access control and management, primarily for electronic commerce. Security Dynamics says the acquisition completes the company’s move from a pure remote access play, to embrace intranet and internet access control as well. It says it can now offer access control over applications, as well as managing access to the network itself. The company bought cryptography king RSA Data Security Inc last summer. And with some $108.3m cash in the bank at the end of June, the company is looking for further acquisitions to fill out the product line.
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