http://www.forbes.com/newswire/2002/08/02/rtr684925.html Internet security firm pulls planned IPO Reuters, 08.02.02, 8:52 AM ET MONTREAL, August 2 (Reuters) - Zero-Knowledge Systems Inc. pulled the plug on Friday on a planned initial public offering, saying it will instead use a recently completed private financing to fund growth for its Internet security software business. Privately held Zero-Knowledge, a high-flyer during the technology boom that attracted heavy media and industry attention, did not disclose the value of the financing. "With the downturn in public market conditions since we began the process of a public offering 10 weeks ago, our investors, management and board of directors no longer felt that raising money in the public markets was the best option," said Chief Executive Tamas Hevizi in a statement. The Montreal-based company said it has signed several important sales in the past six months, including Hewlett-Packard Co. (nyse: HPQ - news - people), Telus Corp. <T.TO> and France Telecom <FTE.PA>. -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to majordomo@wasabisystems.com