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Swiss cyber security firms Wisekey, OpenLimit to merge

Monday 25 July 2016 | 12:21 CET | News
Swiss cyber security companies Wisekey and OpenLimit have signed an MoU to merge their operations. Under the terms of the deal, OpenLimit would be merged with and into Wisekey, with Wisekey being the surviving entity. The signing of definitive agreements is subject to satisfactory reciprocal confirmatory due diligence, to be conducted over the next month, and other conditions as are customary. Wisekey has also agreed to provide interim financing to OpenLimit of up to EUR 4.99 million through subscription to an equity-linked instruments issued by OpenLimit.

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Categories: Internet
Companies: OpenLimit / WiseKey
Countries: Europe / Switzerland
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