Baltimore Technologies bids farewell to IT security

Share this article:

Baltimore Securities PLC, a fallen star in the IT security business, has announced it is moving into the clean energy solutions business.

Now just a cash shell, Baltimore was once a $5 billion company in the security market, but has spent more than a year of selling off its
operations, leaving a cash shell worth around $22 million.
 
The firm says it plans to change its name and acquire an as-yet,
unnamed company, to help it move into the market of assisting firms
in cutting their energy supply bills.
 
"The company plans to build a leading business focused on providing
commercially competitive clean energy solutions to industrial and
commercial consumers," Baltimore said in a press statement.
 
Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

LEADS Act addresses gov't procedure for requesting data stored abroad

LEADS Act addresses gov't procedure for requesting data ...

Senators introduced the legislation last week as a means of amending the Electronic Communications Privacy Act (ECPA).

Report: Intrustion prevention systems made a comeback in 2013

Report: Intrustion prevention systems made a comeback in ...

A new report indicates that intrusion prevention systems grew 4.2 percent in 2013, with growth predicted to continue.

Mobile device security sacrificed for productivity, study says

Mobile device security sacrificed for productivity, study says

A Ponemon Institute study, sponsored by Raytheon, revealed that employees increasingly use mobile devices for work but cut corners and circumvent security.