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About Rainbow Technologies

Rainbow Technologies Headquarter Location

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Latest Rainbow Technologies News

Rainbow Technologies Completes Acquisition of Chrysalis-ITS

Jan 14, 2015

by By Editorial Staff On Sep 10, 2003 Acquired software products complement Rainbow's already existing digital identity management software, the company says Irvine, CA September 10, 2003 Rainbow Technologies Inc., an information security solutions provider, today announced that it has completed the acquisition of Chrysalis-ITS, a privately-held hardware security manufacturer with headquarters in Ottawa, Canada. Rainbow acquired Chrysalis for $20 million in cash, and the company expects the transaction to be accretive to earnings in the fourth quarter of 2003. Revenue for Chrysalis for the first six months of 2003 was $4.7 million and for the second half of the year, is expected to increase 20 percent over that period. According to Rainbow, Chrysalis is a vendor of hardware security modules, servers and appliances for such applications as electronic financial transactions, SSL-based Web applications, smart card issuance, online credit card validation, electronic document security, digital identity and XML transactions. Founded in 1994, the company has about 70 employees, with regional offices in Ottawa, the United Kingdom, Germany and Hong Kong. "This is an important step in our acquisition strategy that complements our product line and customer base," said Shawn Abbott, president of Rainbow eSecurity. "The combination of Luna, iGate and iKey provides a solution for managing digital identities for our mutual enterprise, healthcare and financial customers. " He added that Chrysalis has already established a leadership position in the category of root key protection, and its Luna products, which protect the underlying architecture of security, are complementary with Rainbow's iKey and iGate products. Continue Reading

Rainbow Technologies Acquisitions

1 Acquisition

Rainbow Technologies acquired 1 company. Their latest acquisition was Chrysalis-ITS on September 10, 2003.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/10/2003

Other Venture Capital

$99M

$9.15M

Acquired

1

Date

9/10/2003

Investment Stage

Other Venture Capital

Companies

Valuation

$99M

Total Funding

$9.15M

Note

Acquired

Sources

1

Rainbow Technologies Partners & Customers

1 Partners and customers

Rainbow Technologies has 1 strategic partners and customers. Rainbow Technologies recently partnered with Teledyne Technologies on May 5, 2001.

Date

Type

Business Partner

Country

News Snippet

Sources

5/16/2001

Vendor

Teledyne Technologies

United States

Teledyne Technologies Receives Data Security Contract.

Rainbow , in conjunction with one of the nation 's largest financial institutions , selected Teledyne Technologies Incorporated primarily due to the company 's extensive experience and expertise in the use of similar designs and processes employed in the aerospace and defense markets .

1

Date

5/16/2001

Type

Vendor

Business Partner

Teledyne Technologies

Country

United States

News Snippet

Teledyne Technologies Receives Data Security Contract.

Rainbow , in conjunction with one of the nation 's largest financial institutions , selected Teledyne Technologies Incorporated primarily due to the company 's extensive experience and expertise in the use of similar designs and processes employed in the aerospace and defense markets .

Sources

1

Rainbow Technologies Team

1 Team Member

Rainbow Technologies has 1 team member, including former President, Shawn Abbott.

Name

Work History

Title

Status

Shawn Abbott

SpringBank TechVentures

President

Former

Name

Shawn Abbott

Work History

SpringBank TechVentures

Title

President

Status

Former

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