February 24, 2014 / 10:46 AM / in 4 years

QSC invests in start-up specialised in encrypted data

FRANKFURT, Feb 24 (Reuters) - 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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below