Financial Services Industry
Industry: Email Alert RSS FeedAuthentication: With 2 Buys, RSA Becomes The Alpha Male
US Banker, June, 2006 by Rebecca Sausner
The short list for online customer-authentication vendors has become significantly shorter since the Federal Financial Institutions Examination Council announced its two-factor authentication guidance last October. In that time, two companies that attracted notable attention have been snapped up by RSA Security, transforming a company seemingly boxed into the lagging hardware segment into the de facto market leader.
By acquiring Cyota in December for $150 million and PassMark in April for $44 million, RSA landed relationships with not only Bank of America, but also major bank-application providers like S1, Fiserv, Jack Henry and Certegy.PassMark founder Bill Harris's decision to sell to RSA for the relatively low price of $9 million in cash and the rest in RSA stock, comes...
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