Folks:
Nice article in CBS MarketWatch--Nov 17/99--Tom D.
"Baltimore aims at the Internet market"
By Gareth Vaughan, CBS MarketWatch
Last Update: 6:13 AM ET Nov 17, 1999 NewsWatch
ZURICH (CBS.MW) -- Baltimore Technologies PLC is in a strong position to exploit growth in the Internet and intranet security market, particularly in Europe, according to Bijan-Daniel Khezri, executive member of Baltimore's board.
Khezri told CBS MarketWatch.com at the Swiss Investor Forum for European Emerging Growth Technology Companies, that the key for future growth of Baltimore is its technology partnerships. "We're going to PKI (public key infrastructure) web-based applications," he said.
"Market development started with governments and financial institutions. Next is media and broadcasting and then the wireless area," he said.
Khezri said the main feature that distinguishes the U.K.-based company from its main rival, Entrust (ENTU: news, msgs) of the U.S., is that Baltimore's products are entirely web-centric. "The platforms for using the Internet will change. We are the first company who have provided a security mechanism for WAP (Wireless Application Protocol) and are uniquely positioned to exploit growth," he said.
Earlier this month, Baltimore (BALT: news, msgs) completed a dual initial public offering on the London Stock Exchange and the Nasdaq Stock Market. Previously, it was listed on London's Alternative Investment Market.
"Eighty to ninety percent of our business is in Europe. The Nasdaq listing was not that much about providing a money-raising strategy, but more about raising visibility in the U.S.," he said.
Some of Baltimore's major clients include financial giants ABN-Amro NV (ABN: news, msgs) and Deutsche Bank AG, the Australian tax office and the U.K. Ministry of Defense. |
