June 2, 1995 |
Rainbow Technologies Inc. has completed the acquisition of the Torrance-based maker of a controversial computer encoding device, executives said Thursday. Rainbow shareholders approved the purchase of Mykotronx at the company's annual meeting Wednesday. Mykotronx had been privately held, and its owners will receive 1.82 million shares of Rainbow stock--making the deal worth $37.9 million based on Rainbow stock's closing price of $20.875 per share Thursday.
January 28, 1995 |
Rainbow Technologies Inc. said Friday that it is acquiring a Torrance maker of products to protect software against piracy. Rainbow, based in Irvine, traded 1.8 million shares of its stock for all the shares of Mykotronx, a privately held company. Though the companies did not disclose the terms of the deal, it would be valued at $29.5 million based on Friday's closing price of $16.38 a share.
February 14, 1995 |
One of Orange County's oldest and largest investment banking firms kicked off its annual Valentine's week matchmaking fest for cash-hungry technology companies and potential investors by announcing that it has a new name. Walter Cruttenden III, chairman of what used to be Cruttenden & Co., said the name has been changed to Cruttenden Roth to mark the involvement of investor Byron Roth, who bought a 15% share of the company last year and became its president.
December 1, 1994 |
For years the fear of software piracy has brought the giants of technology to the door of Rainbow Technologies Inc., which protects programs with matchbook-size devices that plug into the backs of personal computers. Buyers such as Microsoft Corp., Borland International and Hewlett-Packard Co. include the keys with software programs that they sell, particularly those marketed in foreign countries where intellectual property standards are lower or are not enforced.
August 30, 2001 |
With a government undercover agent playing the role of a nervous arms dealer, the Customs Service arrested two U.S.-based businessmen--including the owner of a Compton freight company--on suspicion of conspiring to smuggle high-tech military code devices to China, the agency said Wednesday.