nCipher Buys NeoScale Assets

nCipher PLC (LSE: NCH) has acquired the IP and assets of NeoScale Systems Inc., a Milpitas, Calif.-based provider of appliance-based encryption products, for approximately $1.95 million in cash. NeoScale had raised just over $60 million in VC funding since 2000, from firms like Bay Partners, Lightspeed Venture Partners, Sevin Rosen Funds and Advanced Technology Ventures.

 

PRESS RELEASE
nCipher plc (LSE: NCH), a global leader in protecting critical enterprise data, announces it has acquired the majority of the intellectual property and  assets of NeoScale