Goldensoft Co Ltd

Irvine-based Rainbow Technologies Inc. today will announce it is merging its China operations with a Chinese company to sell digital security products in that country. In a deal being termed a joint venture to accommodate China's laws restricting ownership of Internet firms, Rainbow and Beijing-based Goldensoft Co. Ltd. will combine their China operations to form Rainbow Goldensoft Co. Ltd., which will control more than 80% of the market for software security, the companies said.

Irvine-based Rainbow Technologies Inc. today will announce it is merging its China operations with a Chinese company to sell digital security products in that country. In a deal being termed a joint venture to accommodate China's laws restricting ownership of Internet firms, Rainbow and Beijing-based Goldensoft Co. Ltd. will combine their China operations to form Rainbow Goldensoft Co. Ltd., which will control more than 80% of the market for software security, the companies said.