At the time that Galabally came back into the picture the company was virtually broke and they didn't have the funds to develop the 100gb encryptor, so the project was put on hold. It has taken nearly 2 years to get to the point where the 100 gb now has 1 NATO, 2 FIPS, 3 CAPS and just last week NIST accreditation , so their major partner can sell the full range of encryptors worldwide. I believe the cost of the 100gb box is close to $2m by the time the certification comes through. Their 2 major competitors in High assurance layer 2 encryption areThales in Europe and Certes in US and both of those only have accreditation in 2 areas and Thales have no influense in the US as they are a French company.The main point in all this is that Senetas developed their 10 &100 gb encryptors so that Gemalto could sell it to its clients but in fact Gemalto have nothing because Senetas could walk away from any agreement so the only way to guarantee supply is to own the company.
SEN Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
