Tuesday, January 21, 2014

AlphaCipher Buys Vadium Assets

Seattle-based AlphaCipher Acquisition Corporation said late last week that it has reached an asset purchase agreement to acquire the assets of Vadium Technology, out of Chapter 11 bankruptcy. Financial details of the deal were not disclosed. The company said it will rename itself to Vadium Technology, Inc., after the acquisition. Vadium was a developer of encryption software. The new acquiring company is headed by former Vadium Technology President and CFO Rob Nicholls.