Rainbow Technologies Buys E-Commerce Firm
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Irvine-based Rainbow Technologies Inc. on Wednesday said it acquired Systematic Systems Integration, an electronic commerce integration services firm, for $9.5 million.
Rainbow Technologies said Long Beach-based Systematic Systems, which makes and markets encryption technology and software protection products, had revenue of more than $8 million in 1998.
For the record:
12:00 a.m. May 14, 1999 For the Record
Los Angeles Times Friday May 14, 1999 Orange County Edition Business Part C Page 7 Financial Desk 1 inches; 26 words Type of Material: Correction
Rainbow’s products--Rainbow Technologies makes encryption technology and software protection products. A story in Thursday’s Times incorrectly described the company’s business.
For the year ended Dec. 31, Rainbow Technologies earned $2.5 million, or 21 cents a share, on sales of $109.2 million. Rainbow is an Internet commerce company.
