FRANKFURT Feb 24 German Internet service
provider QSC said it was buying 51 percent of shares
in FTAPI Software GmbH, a start-up company specialised in
encrypted data exchange between business customers.
"Since the latest NSA spying scandal the security issue has
become very important," QSC Chief Executive Juergen Hermann said
in a statement on Monday, without saying how much QSC was paying
for the stake.
QSC is buying most of the shares in Munich-based FTAPI,
which offers a range of products around high-security transfer
and storage of confidential company data, from the lead investor
High-Tech Gruenderfonds as well as from Bayern Kapital and
Gebrueder Mende GmbH, it said.
(Reporting by Maria Sheahan; editing by Thomas Atkins)