Terma buys Danish encryption firm Dencrypt for a three-digit million sum
What's the deal? Danish defence company TermaDealroom has a profile for this one. Try Dealroom → has acquired DencryptDealroom has a profile for this one. Try Dealroom →, a small Danish encryption firm with 30 employees, for a three-digit million-kroner sum. Dencrypt spun out of research at the Technical University of Denmark.
What's the endgame? The purchase adds encryption technology to Terma, one of Denmark's largest defence businesses. For Dencrypt's owners, the deal marks a significant payout.
The signal: A large defence player folding in a niche cybersecurity specialist reflects growing demand for secure communications across the defence sector.
Read more: Computerworld
Image credit: Visual Content
