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SecureNet Supports PKI in Purchase

Secure e-commerce solutions provider SecureNet is moving to specialize in the Public Key Infrastructure (PKI) domain with its latest acquisition of specialist e-commerce consulting firm Electronic Trading Concepts (ETC).

ETC has been involved in several large PKI projects and has consulted in the design and implementation of e-commerce strategies for over 600 projects for government, finance and corporate clients locally and internationally.

SecureNet managing director Geoffrey Ross hoped that the acquisition would boost strategic and technical support for its e-commerce solutions, providing a "human resource" to assist with contracts and act as a partner for future ventures.

The acquisition is expected to be completed in July and is subject to due diligence. The purchase price will consist of two components - a base price and a performance-based bonus.

The base price will be settled in cash and with SecureNet shares in proportions yet to be determined.